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661 661-699 N Church St

185,000 SF Health Care Building Offered at $11,339,760 CAD in Hazleton, PA 18201

Investment Highlights

  • Approved zoning for 300 beds assisted living and Mixed-use
  • 5 parcels and contains a total of approximately 185,000 SF
  • Attractive income-producing property in the growing senior housing industry in a strategic location

Executive Summary

This is a unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing senior housing industry in a strategic location. The Site is approved zoning for 300 beds assisted living Mixed-use. The local government is assisting with development grants, which will offset the cost of construction by 4-7 million. Up to 10 years of potential tax incentives in additional government support is expected. Interior demolition (vanilla box) was completed, and the project is ready for framing. The synergy of distressed real estate, government incentives and community support create an opportunity for exceptional growth, and profitability.
The site is approved zoning for 300 beds assisted living and other uses on various floors such as medical services.
zoning approved commercial space on the ground floor with Assisted living apartments above. Including a daycare, convenience store, beauty salon, bagel shop, gym, and professional offices which will create a place for the users of the building and surrounding neighborhood to visit.
St. Joseph's hospital offers 5 parcels and contains a total of approximately 185,000 SF. Additionally, the Property offers excess parking over several surface lots. Building is six-stories. Conversion provides an opportunity to enter the growing market in Hazleton, Pennsylvania.
Located at the top of Church Street, it is a landmark structure seen from all points of the city.
Hazleton is nestled in the scenic Pocono Mountain area of Northeastern, Pennsylvania. Mother Nature puts a show on every season with over 2,400 square miles of
mountains, lakes, rivers, waterfalls and two National Parks. The community is easily accessible from the Pennsylvania, New Jersey and New York areas
The structure is seen from all points of the city in the Pocono Mountain area at the highest point of the city. Easy accessible to New York, New Jersey and Philadelphia intersection of the major highways 80-81.

Property Facts

Price $11,339,760 CAD
Price Per Bed $37,799 CAD
Sale Type Investment
Property Type Health Care
Property Subtype
Continuing Care Retirement Com
  • Healthcare Assisted Living
  • Healthcare Skilled Nursing Facility
Building Class B
Lot Size 0.94 AC
Building Size 185,000 SF
No. Beds 300
No. Stories 6
Year Built/Renovated 1928/2023

Room Mix Information

Description No. Beds
- 300
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-T8NW42-007-001
Land Assessment
$212,620 CAD
Improvements Assessment
$212,620 CAD
Total Assessment
$425,241 CAD
  • Listing ID: 34117563

  • Date on Market: 2024-12-07

  • Last Updated:

  • Address: 661 661-699 N Church St, Hazleton, PA 18201

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