651 WYOMING AVE Kingston, PA 18704
0.87 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALU2002912
Year Built 1900
Tax Year 2024
Lot Size 0.870 Acres
Acres 0.87
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Position yourself in one of Kingston's most active commercial corridors with this rare, income-producing mixed-use portfolio spanning multiple contiguous properties along Wyoming Avenue and surrounding streets. This is a stabilized asset delivering strong in-place cash flow today, with clear pathways to increase value tomorrow.
The property features a well-balanced tenant mix of established restaurants, retail storefronts, wellness operators, and service-based businesses, creating a diversified and resilient income stream. Long-term leases are already in place, offering predictable returns from day one, while ongoing owner upgrades further enhance the asset's overall quality and long-term positioning.
In addition to its solid financial performance, the location benefits from consistent foot traffic and a built-in demand driver due to its position within the Kingston Eruv, making both the residential and commercial components highly desirable within the local community.
What truly sets this opportunity apart is the future upside. Investors have the ability to increase rents to market levels over time while also exploring vertical expansion potential across the portfolio. The opportunity to build additional residential units above the existing structures creates a clear value-add play in a supply-constrained market.
With a purchase price of $2,999,500, a 7.1% cap rate, and over $222,000 in annual cash flow, this is a rare chance to acquire a stabilized, income-generating asset with both immediate returns and long-term development potential.
Addresses Included:
651 Wyoming Ave | 653 Wyoming Ave | 647 Wyoming Ave | 649 Wyoming Ave | 17–19 E Union St | 6 Gershom Pl
Kingston, PA 18704
This is more than a property; it's a strategic investment in a growing corridor with built-in demand, strong fundamentals, and real upside.
Location
State PA
County Luzerne
Area Kingston Boro (13734)
Zoning MUTI USE
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 40.0
Water Access N
Accessibility Other
Total Parking Spaces 40
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Chester Street
Middle Schools Wyoming Valley West
High Schools Wyoming Valley West Shs
School District Wyoming Valley West
Others
Tax ID 34-G9SE2-027-001-000
Ownership Fee Simple
Acceptable Financing Conventional, Exchange, Cash
Listing Terms Conventional, Exchange, Cash
Financing Conventional,Exchange,Cash
Special Listing Condition Standard
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