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CARBONDALE REDEVELOPMENT PORTFOLIO 2 Multifamily Properties Offered at $1,850,000 in Carbondale, PA
Investment Highlights
- Redevelopment portfolio with approvals in place for multifamily and mixed-use residential projects.
- Flexible development potential supports a range of residential and mixed-use concepts tailored to market demand.
- Positioned near regional employment centers, retail services, and community amenities that support residential occupancy.
- Located in downtown Carbondale with frontage along established commercial corridors and convenient access throughout the city.
- Prominent street presence and multiple access points enhance visibility, circulation, and future site functionality.
- Rare opportunity to acquire two approved redevelopment assets offering immediate execution potential without a prolonged entitlement process.
Executive Summary
Two Approved Redevelopment Opportunities | Carbondale, PA
Portfolio Price: $1,850,000
Exceptional opportunity to acquire two strategically located redevelopment properties in Carbondale, Pennsylvania, offering a combination of approved residential and mixed-use development potential with substantial pre-development work already completed.
108–116 Salem Avenue
Fully Approved Corner Redevelopment Site
Prominent redevelopment assemblage located at the intersection of Salem Avenue, Spring Street and Prince Street.
• Three contiguous parcels
• Approximately 43,000 SF site
• Approximately 32,272 SF existing building
• Approved for residential / mixed-use redevelopment
• 49 on-site parking spaces
• High-visibility corner with frontage on three streets
• Multiple access points
• Significant redevelopment flexibility
164 S. Main Street
Shovel-Ready Multifamily Redevelopment
Downtown Carbondale redevelopment project with residential zoning approved, architectural and MEP plans completed, and permits approved, substantially reducing entitlement and pre-development time.
• Approved multifamily redevelopment
• Approximately 17–24 residential units
• Architectural and MEP plans completed
• Building permits approved
• Utilities and infrastructure on site
• Prime Downtown Main Street location
• Suitable for market-rate or workforce housing
• Positioned for construction and execution
STRATEGIC NORTHEAST PENNSYLVANIA LOCATION
Carbondale is positioned within the broader Northeastern Pennsylvania growth corridor, benefiting from continued investment in logistics, distribution, manufacturing and infrastructure, together with major regional employers and expanding commercial development.
The portfolio offers investors the opportunity to acquire two redevelopment projects within one market, with zoning, planning, engineering and permitting work already substantially completed.
Portfolio Offering Price: $1,850,000
Portfolio Price: $1,850,000
Exceptional opportunity to acquire two strategically located redevelopment properties in Carbondale, Pennsylvania, offering a combination of approved residential and mixed-use development potential with substantial pre-development work already completed.
108–116 Salem Avenue
Fully Approved Corner Redevelopment Site
Prominent redevelopment assemblage located at the intersection of Salem Avenue, Spring Street and Prince Street.
• Three contiguous parcels
• Approximately 43,000 SF site
• Approximately 32,272 SF existing building
• Approved for residential / mixed-use redevelopment
• 49 on-site parking spaces
• High-visibility corner with frontage on three streets
• Multiple access points
• Significant redevelopment flexibility
164 S. Main Street
Shovel-Ready Multifamily Redevelopment
Downtown Carbondale redevelopment project with residential zoning approved, architectural and MEP plans completed, and permits approved, substantially reducing entitlement and pre-development time.
• Approved multifamily redevelopment
• Approximately 17–24 residential units
• Architectural and MEP plans completed
• Building permits approved
• Utilities and infrastructure on site
• Prime Downtown Main Street location
• Suitable for market-rate or workforce housing
• Positioned for construction and execution
STRATEGIC NORTHEAST PENNSYLVANIA LOCATION
Carbondale is positioned within the broader Northeastern Pennsylvania growth corridor, benefiting from continued investment in logistics, distribution, manufacturing and infrastructure, together with major regional employers and expanding commercial development.
The portfolio offers investors the opportunity to acquire two redevelopment projects within one market, with zoning, planning, engineering and permitting work already substantially completed.
Portfolio Offering Price: $1,850,000
Property Facts
| Price | $1,850,000 | Number of Properties | 2 |
| Price / SF | $37.05 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 49,927 SF |
| Status | Active | Total Land Area | 1.21 AC |
| Price | $1,850,000 |
| Price / SF | $37.05 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 49,927 SF |
| Total Land Area | 1.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 116 Salem Ave, Carbondale, PA 18407 | Multifamily | 29,927 SF | 1910 | - |
| 164 S Main St, Carbondale, PA 18407 | Multifamily | 20,000 SF | 1925 | - |
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CARBONDALE REDEVELOPMENT PORTFOLIO