116 Salem Ave, Carbondale, PA 18407

Fully Entitled Redevelopment Opportunity | Offered at $1,475,000 OB International Real Estate presents a rare opportunity to acquire and redevelop the former Roosevelt School, a ±31,000 SF structure spanning three contiguous parcels in the heart of Carbondale's revitalizing downtown. This high-visibility property is zoned for mixed-use, allowing for multifamily residential, commercial, and institutional development. With strong foundational integrity and adjacent surface parking for 49 vehicles, it's ideally positioned for adaptive reuse into apartments, medical offices, senior housing, or community-based services. Property Highlights • ±31,000 SF historic brick structure across 3 parcels • Includes ±8,000 SF of dedicated parking (49 spaces) • Zoning approved: multifamily, commercial, and mixed-use • Existing engineering and architectural plans included • Former school layout supports 27+ units with shared amenities • Strong corner location with walkable access to schools, transit, and services Strategic Advantages • Eligible for 10-year tax abatement (LERTA) • May qualify for Pennsylvania and federal redevelopment grants • Structural analysis confirms adaptive reuse viability • Rooftop load supports private terraces or tenant-accessible outdoor space Offered at: $1,475,000 Serious inquiries only. Contact OB International Real Estate to schedule a tour or request the full investor package. Serious inquiries only. Contact OB International Real Estate to schedule a tour or request the full investor package. Buyer Agent Commission: 3%