1019 Underwood Road, Olyphant, PA 18447
$3,415,000
Property Type:
Commercial Sale
Square Footage:
104,880
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$3,415,000
List Date:
8/19/2019
Last Modified:
12/10/2023
Description
104,880 SF+/- warehouse conveniently located to Casey Highway in the Mid-Valley Industrial Park with plenty of parking. Occupied space has offices as well as warehouse. Property has drive-in doors and several docks. The rear portion of the building (25,680 SF) is currently 14 ft. clear ceiling height with concrete poured on steel deck mezzanine above. This is an additional 25,680 SF of floor space with 14 ft. ceiling height on each level. Access to second level is by two stairwells and a service elevator/lift. The 25,680 SF is additional space to add to the 104,880 SF footprint. The other 79,200 SF has clear height from 29.8' at eaves to 34.6' in the center. Tenant occupied through 01/31/2020. There is an additional 20.66 acres on other PINs available. Sale price TBD - contact listing, Tax Information: Available, Ceiling Height: 21' to 30' - Y, Overhead Door Height: 13' to 16'- Y
More Information MLS# 19-851
Contract Information
Current Price: $3,415,000
Sold Price: $3,415,000
Status: Closed
Listing Contract Date: 2019-03-01
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: G. Weinberger, Inc.
Location, Tax, and Legal
Street Number: 1019
Street Name: Underwood
Street Suffix: Road
Municipality: Olyphant Borough
State: PA
Postal Code: 18447
County: Lackawanna
High School District: Mid Valley
City Region: Olyphant
County Tax Amount: 29600.01
Municipal Tax Amount: 5464.3
School Tax Amount: 60194.93
Tax Annual Amount: 95259.24
Tax Year: 2019
Tax Assessed Value: 515500
Parcel Number: 1250203000110
Additional Parcels YN: Yes
Zoning Description: Commercial
Directions: Take E. Lackawanna exit off the Casey Highway, left on Underwood Road. Property is on the left.
Tax Book Number: 1135/0425
General Property Information
Building Area Total: 104880
Building Area Total (Report Only): 104880
Enhanced Accessible: No
Year Built: 1991
Building Name: Mid-Valley Industrial Park
Parking Total: 30
Lot Size Acres: 5
Lot Size Dimensions: 430x500x451x500
Land Lease YN: No
Basement YN: No
Stories: 1
Auction YN: No
List Price/SqFt: 37.66
Sold Price/SqFt: 32.56
Remarks and Miscellaneous
Public Remarks: 104,880 SF+/- warehouse conveniently located to Casey Highway in the Mid-Valley Industrial Park with plenty of parking. Occupied space has offices as well as warehouse. Property has drive-in doors and several docks. The rear portion of the building (25,680 SF) is currently 14 ft. clear ceiling height with concrete poured on steel deck mezzanine above. This is an additional 25,680 SF of floor space with 14 ft. ceiling height on each level. Access to second level is by two stairwells and a service elevator/lift. The 25,680 SF is additional space to add to the 104,880 SF footprint. The other 79,200 SF has clear height from 29.8' at eaves to 34.6' in the center. Tenant occupied through 01/31/2020. There is an additional 20.66 acres on other PINs available. Sale price TBD - contact listing, Tax Information: Available, Ceiling Height: 21' to 30' - Y, Overhead Door Height: 13' to 16'- Y
Exclusions: Yes - Call Listing Office
Status Change Information
Major Change Timestamp: 2020-02-03T20:13:17Z
Major Change Type: Status Change
Status Change Timestamp: 2020-02-03
Purchase Contract Date: 2019-09-27
Close Date: 2020-02-03
Close Price: 3415000
Building Features
Included In Contract: Land/Building
Number of Docks: 5
Warehouse SqFt: 104880
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 451
Property Features
Building Features: Drive-In Door; Emergency Lighting; Loading Dock(s); Prime Location; Public Restrooms; Sprinkler System
Business Type: Warehouse
Current Use: Commercial; Industrial; Warehouse
Electric: 200+ Amp Service; Circuit Breakers; Phase 3
Exterior Features: Lighting
Flooring: Concrete
Heating: Forced Air; Natural Gas
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Level; Near Business Park; Sloped
Parking Features: Asphalt
Possession: Other; See Remarks
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Rolled/Hot Mop
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Mericle Commercial Real Estate
Last Updated: December - 10 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.