Mid Atlantic Real Estate Journal — Pennsylvania — January 11 - 24, 2013 — 1B ADAPTIVE REUSE OFFERING WILKES-BARRE, PA
www.marejournal.com
Constructed and operating since 1980 as a full service hotel and meeting center. The building features concrete, fireproof floors, sprinklers throughout, individual HVAC in guest rooms, EPDM rubber roof systems, newly reglazed window systems, on site laundry facilities, full banquet capable kitchen,and more. The floor plan includes reception, dining/pub facilities, banquet/meeting rooms, kitchen, and laundry on the first floor. Office/Meeting rooms and guest rooms comprise the second floor. Guest rooms of various configurations on floors 3 - 8 make up the remainder. The property sits on an approximately 1 acre site in the center of downtown Wilkes-Barre. Fronting on Public Square the facility benefits from doorstep access to Mass Transit (bus) routes. One block away is the newly developed Wilkes-Barre City intermodal mass transit depot (intercity & local bus lines). Numerous retail, dining, and entertainment facilities are within walking distance, and within 3 blocks is the newly renovated and redeveloped Waterfront Park along the banks of the Susquehanna River. Parking is ample with 225 dedicated parking spaces. In addition, a major city multi story parking garage is immediately adjacent.
20 Public Square
Prominent downtown location with mass transit convenience allows for numerous conversion uses; t SENIOR LIVING t COLLEGIATE HOUSING t 55+ COMMUNITY LIVING t INTERGENERATIONAL MIXED INCOME t CONDOMINIUM t As retail on ground level, (hospitality) lodging in tower t As general office on ground level, lodging in tower t As collegiate services on ground level, collegiate lodging in tower t As senior living service/retail on ground level, senior housing in tower. Strong demographics for above conversion solutions: Large 55+ population in region, Kings College and Wilkes University within 2 blocks 1.3 Miles to major hospital, 2 miles to Mohegan Sun Arena, 2.7 miles to I-81, 4.3 miles to Mohegan Sun Casino. 12 miles to Scranton/Wilkes-Barre International Airport.
Contact: Colin (Griff) Keefer gkeefer@hinerfeldcommercial.com
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