1414 Susquehanna Avenue, Berwick, PA 18603
$7,500,000
Property Type:
Commercial Sale
Square Footage:
220,503
Lot Size (sq. ft.):
317,988
Status:
Active
Current Price:
$7,500,000
List Date:
9/12/2023
Last Modified:
3/20/2024
Description
INVESTMENT - SHORT TERM LEASE-BACK UNTIL 06/30/24 AT $3.00/SF NNN. (8.82 Cap) Owner occupied until 07/01/24. Settlement can occur sooner.
A 220,503 SF+/- building on 7.3017+- acres zoned light industrial (I-1). Property is located less than 5 miles from I-80. Building features various ceiling heights in warehouse: 13', 14', 18' and 21'.
Property is adjacent to the North Shore Railroad and has the potential to be rail served.
More Information MLS# 23-3927
Contract Information
Current Price: $7,500,000
List Price: $7,500,000
Status: Active
Listing Contract Date: 2023-09-12
Property Sub Type: Industrial
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: IG Design Group, Inc
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 1414
Street Name: Susquehanna
Street Suffix: Avenue
Municipality: Berwick Borough
State: PA
Postal Code: 18603
County: Columbia
High School District: Berwick Area
City Region: Berwick
County Tax Amount: 9591.36
Municipal Tax Amount: 15042.41
School Tax Amount: 37182.5
Tax Annual Amount: 61816.27
Tax Year: 2023
Tax Assessed Value: 730214
Tax Information: Available
Parcel Number: 04D-04-014-01,000
Additional Parcels YN: Yes
Additional Parcels Description: 2nd Tax ID: 04D-09-104-00,000
Zoning: I-1
Zoning Description: Industrial
FEMA Zone: X
Directions: From I-80 take Exit 241 to Rt 11 North (Berwick) 4 miles. Turn right onto S. Poplar Street. Proceed to end of street.
Tax Book Number: 0724/0549
General Property Information
Building Area Total: 220503
Building Area Total (Report Only): 220503
Enhanced Accessible: No
Year Built: 1960
Building Name: N/A
Parking Total: 100
Lot Size Acres: 7.3
Lot Size Dimensions: See Documents
Land Lease YN: No
Basement YN: No
Stories: 1
Sign On Property YN: No
Auction YN: No
List Price/SqFt: 34.01
Remarks and Miscellaneous
Public Remarks: INVESTMENT - SHORT TERM LEASE-BACK UNTIL 06/30/24 AT $3.00/SF NNN. (8.82 Cap) Owner occupied until 07/01/24. Settlement can occur sooner.
A 220,503 SF+/- building on 7.3017+- acres zoned light industrial (I-1). Property is located less than 5 miles from I-80. Building features various ceiling heights in warehouse: 13', 14', 18' and 21'.
Property is adjacent to the North Shore Railroad and has the potential to be rail served.
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-09-12T18:49:08Z
Major Change Type: New Listing
Status Change Timestamp: 2023-09-12
Concessions: No
Building Features
Included In Contract: Land/Building
Ceiling Height: 21
Number of Docks: 15
Number of Levels: 1
Office SqFt: 7230
Warehouse SqFt: 213273
Income and Expenses
New Taxes Expense: 61816.27
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Property Features
Building Features: Drive-In Door; Finished Office; Loading Dock(s); Public Restrooms
Construction Materials: Block; Brick
Cooling: Central Air
Current Use: Commercial; Industrial; Warehouse
Electric: 200+ Amp Service; Phase 3
Flooring: Concrete; Linoleum
Heating: Forced Air; Natural Gas
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Level
Parking Features: Paved
Possession: Other; See Remarks
Possible Use: Commercial; Industrial; Warehouse
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Rubber
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Mericle Commercial Real Estate
Last Updated: March - 20 - 2024
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.