SW Corner of N. Penn. Ave and Scott St.

SWC of N. Penna. Ave and Scott St.
Wilkes-Barre, PA 18702

Summary

.9+/- acre parcel of raw land located at the lighted intersection of Scott St. and N. Penna. Ave. This site is located in a Qualified Opportunity Zone which allows a developer the ability to defer payment of taxes on capital gains invested in the property, step up the basis in the property after a specified holding period and not pay tax on the appreciation in the property after a specified holding period. Zoned C-3, Wilkes-Barre City’s least restrictive district. Public water, sewer, gas and electric available. This site is located in a dense infill trade area that is only 250’ away from property occupied by King’s College for parking and a recently constructed dormitory. There are nearly 18,000 people living within a 1-mile radius of the site which is some of the highest population density in the Scranton/Wilkes-Barre MSA. Scott Street is a primary access point to King’s College and the Wilkes-Barre CBD. SALE PRICE: SEE AGENT

Property Details

Overview

Land (Acres) 0.9
Site Topography Generally Level
Zoning C-4 (Heavy Commercial)
Primary Use Land
Secondary Use Land

Comments

■ PIN: H10SW1023004-73
■ 2019 Taxes - $3,042.28

Space Details

Availability

Date 2019-06-21

Utilities

Comments ■ Public Utilities

Terms

Transaction Type Sale
Rental Rate Type None

Location & Access

Description

General

County

Luzerne

Market

PA-Wilkes-Barre/Scranton

Submarket

Wilkes-Barre

call icon Contact

Daniel A. Naylor, CCIM

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