Susquehanna Collection 4 Properties Offered at $2,995,000 in Pittston, PA
INVESTMENT HIGHLIGHTS
- • 100% Occupancy: Fully leased portfolio with consistent income across all residential and commercial units, ensuring immediate cash flow and minimal
- • Diverse Mixed-Use Composition: Thoughtfully balanced mix of 9 residential units and 7 commercial suites with a synergistic tenant roster of retail,
- • Attractive Financial Metrics: In-place NOI of ~$255K with an 8.5% capitalization rate on asking price—offering strong current yield with built-in up
- • Comprehensive 2023 Renovation: Complete gut renovations with new mechanicals, infrastructure, and modern interior finishes deliver institutional-qua
- • Prime Downtown Pittston Location: Centrally located between Scranton and Wilkes-Barre, the property sits within a revitalized downtown corridor surr
- • Architecturally Distinct Portfolio: Four stylishly restored buildings with historic charm and curb appeal, offering long-term tenant appeal and redu
EXECUTIVE SUMMARY
Classic Properties is pleased to present The Susquehanna Collection, a fully renovated, high-performing mixed-use portfolio in the heart of Downtown Pittston, PA. Completed in 2023, the four architecturally distinctive buildings total 16 units (9 residential | 7 commercial) and are 100 % leased.
Residential – Nine thoughtfully designed 1- and 2-bedroom apartments featuring modern finishes, new building systems, and open-concept layouts that resonate with today’s urban renter.
Commercial – Seven street-level suites occupied by an eclectic roster of professional services, boutique retail, wellness, and lifestyle tenants—creating a synergistic, experience-driven streetscape.
The Collection sits on North Main Street, benefitting from exceptional walkability between Scranton and Wilkes-Barre, revitalized streetscapes, abundant public art, and year-round events such as the Pittston Tomato Festival. Easy access to I-81, I-476, and robust public transit strengthens both resident and visitor demand.
A comprehensive 2023 gut-to-studs renovation delivered brand-new mechanicals, infrastructure, and interiors, substantially reducing near-term CapEx. With an in-place NOI of ~$255K and an 8.51 % cap rate, the Susquehanna Collection offers immediate, durable income with long-term appreciation potential in one of Northeast Pennsylvania’s most promising urban corridors.
Residential – Nine thoughtfully designed 1- and 2-bedroom apartments featuring modern finishes, new building systems, and open-concept layouts that resonate with today’s urban renter.
Commercial – Seven street-level suites occupied by an eclectic roster of professional services, boutique retail, wellness, and lifestyle tenants—creating a synergistic, experience-driven streetscape.
The Collection sits on North Main Street, benefitting from exceptional walkability between Scranton and Wilkes-Barre, revitalized streetscapes, abundant public art, and year-round events such as the Pittston Tomato Festival. Easy access to I-81, I-476, and robust public transit strengthens both resident and visitor demand.
A comprehensive 2023 gut-to-studs renovation delivered brand-new mechanicals, infrastructure, and interiors, substantially reducing near-term CapEx. With an in-place NOI of ~$255K and an 8.51 % cap rate, the Susquehanna Collection offers immediate, durable income with long-term appreciation potential in one of Northeast Pennsylvania’s most promising urban corridors.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,995,000 |
| Price / SF | $173.29 / SF |
| Cap Rate | 8.02% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 17,283 SF |
| Total Land Area | 0.27 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 151 N Main St, Pittston, PA 18640 | Flex | 9,198 SF | 1900 | - |
| 135 N Main St, Pittston, PA 18640 | Flex | 3,150 SF | 1900 | - |
| 129-131 N Main St, Pittston, PA 18640 | Flex | 2,500 SF | 1900 | - |
| 127 N Main St, Pittston, PA 18640 | Retail | 2,435 SF | 1920 | - |
