SELLING FOR JUST US$850,000 (REDUCED from US$1.65Million.

EXTRAORDINARY BUILDING FOR ASSISTED LIVING/SEMINARY/LUXURY CONDOMINIUMS/LIVE WORK SPACE/ Non-Profit use or ANYTHING ELSE.

Its a majestic, multi-use, one whole block long stone/brick/steel, downtown location building next to a hospital only 85 or 90 minutes from New York City / George Washington Bridge, price can be pennies on the dollar. Replacement cost is probably around $6 to $7 million or so and 3 years in time investment. Seller is motivated and open to proposals - even non profit ones but not accepting offers below £625,000 or US$850,000 whichever is higher.

*Commercial zoning can possibly be changed to most zonings/uses.

*Solid structure, Engineering reports available, or one can do their own.

*I have had a basic computerized floor plan made (existing as well as proposed). Can Email it to you.

*12 to 18 ft ceilings, 150 +_ windows believe it or not, and vast majority are 9 ft. high. Plenty of light and feeling of space.

*Very low taxes, zero for non-profit use.

*Billion dollar birds eye views of downtown skyline from this very imposing, elegant building.

*New proposed developments include $28 million plus Hotel/Shopping promenade / Restaurant / Underground parking Complex few blocks away. Many other developments are likely to follow especially if Geisinger hospital Group also were to purchase Marion Community Hospital which is next door (heard but no Confirmation available as yet)

*22, 000 cars a day Main Street traffic is likely to up as more developments take place.

*Federal, State and City grants may be available for different uses. Additionally there may be low interest loans, employment creation related grants and 20 years property tax holiday for project over $2 million.

*25 minutes to Himalayan Institute’s 400 acres campus.

*There is talk of train to NY/NJ and although it may take years but if and when it materializes it can raise the property values through the roof. Commutable distance to NY/NJ. Thousands already commute to NY/NJ each day.

*Close to all imaginable amenities, i.e. Skiing, Golf, Horse Riding, Theatres, Arts, Sports, shopping etc.

*Lots of out of state interest including Mohegan Sun Casino of Connecticut's purchase in this city, also many NY/NJ operators.

*No violations of any kind, No Asbestos. Sale as is.

Its a good idea for buyer to check out and reconfirm all relevant info himself without relying on the info given here which may not be totally correct or may change.

*I am open to sale/lease/exchange or other suggestions.

*Vacant possession guaranteed.

*Demographics: This historic town is first city incorporated in NE Pennsylvania. Other firsts include first deep underground coalmine and first million Dollars Corporation in America that fuelled the Industrial revolution of the 20th century. First gravity railroad that transported coal over the mountains to the Delaware River and then on to New York City. Median family income is $35, 351. From commercial viewpoint, Carbondale has over 313, 000 residents living within 25 miles radius of its Main St. hub and over 37% of the population living within 5-10 miles of Main St. have a median income of $61, 888. Easy access to major interstate highways including I-81, I-380 and Rt.6. Over 15% of the city residents hold a degree. The governor seems to love this town and has approved a $3 million dollars grant as well as other incentives.

*There must be a million uses for a building with class and charisma. In addition to being an ideal candidate for a temple/school or seminary, being next to a hospital can be useful for an assisted living facility/nursing home or therapy/doctors offices or similar type health facility. Or may be a work/live type or artists space as this place is very inspiring with a slight hill view overlooking the downtown and far off hills, six 18th century churches etc. with massive windows and great ceiling height to boot. Or how about a trade or vocational school or University or an urban seminary. Or may be luxury condos or a massive 7 bedrooms 7 bath 3 den/recreation or media rooms penthouse floor through unit for owner on entire top floor and live workspaces for artists on the many floors below. All these options are likely to be immensely satisfying as well as they are profitable.


Address of Property: 116 Salem Ave., Carbondale, Pennsylvania PA18407

If interested, please let me know and I will get in touch with my brother who is the owner of the building. Absolutely no time wasters and will not deal with agents.

IN CASE YOU ARE A NON PROFIT USER, I CAN DO A LONG LEASE ON THE WHOLE BUILDING FOR PEANUTS (US$1.50 per square ft per annum or even lower) ON THE CONDITION THAT YOU USE EVERY PART OF THE BUILDING AND RENOVATE IT AS NEEDED. YOU OF COURSE PAY FOR ALL UTILITIES BUT TAXES WILL BE ZERO (?)

NB: The buyer pays seller's legal bill towards conveyancing/transfer.

WILL BARTER FOR LARGE ACERAGE PROPERTY IN COSTA RICA BUT UPTO US$300,000 only and US$550,000 in cash.

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