40 POPLAR ST, Scranton, PA 18509
$4,600,000
Property Type:
Commercial Sale
Square Footage:
86,622
Lot Size (sq. ft.):
479,160
Status:
Active
Current Price:
$4,600,000
List Date:
1/03/2024
Last Modified:
3/05/2024
Description
Most people don't know this exists. The site is fenced in front, on the sides, a stream forms one of its borders, the rail, and a park the others. Its a secluded location with over eight acres. But it is just minutes from downtown Scranton. It's only a few hours to larger cities like New York and Philadelphia. The building footprint is approximatley 80,000 SF and with the mezzanine it's over 88,000 SF. The building and structure can be expanded and the large site offers value-add opportunities everywhere like storing RVs, trailors, self-storage, not to mention theres over 100 parking spots. People have asked about the rail-line. This can be activated as the rail line runs right next to the building. The ceilings are 21FT+ inside. A lot of people comment about what an ideal space it is for manufacturing and warehousing. The 6 loading docks including a 4 bay drive-in really impress visitors. There is ample room throughout this building. Property currently being utilized for manufacturing. 46,000SF leased to long term tenant. Reach out and call today with question. I'm happy to bring you to the site as well to see if it will work for your business., Tax Information: Available, Ceiling Height: 21' to 30' - Y, Overhead Door Height: 9' to 12'- Y
More Information MLS# 23-564
Contract Information
Current Price: $4,600,000
List Price: $4,600,000
Status: Active
Listing Contract Date: 2023-02-20
Property Attached YN: No
Listing Agreement: Exclusive Agency
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: AJT PROPERTIES
Environmental Survey YN: Yes
Location, Tax, and Legal
Street Number: 40
Street Name: POPLAR ST
Municipality: Scranton City
State: PA
Postal Code: 18509
County: Lackawanna
High School District: Scranton
City Region: Central City
Land Value: 30000
Improvement Value: 55000
County Tax Amount: 5433.2
Municipal Tax Amount: 9966.65
School Tax Amount: 12153.9
Tax Annual Amount: 27553.75
Tax Year: 2022
Tax Assessed Value: 85000
Parcel Number: 14512030002
Additional Parcels YN: No
Zoning Description: Industrial
FEMA Zone: AE
Directions: From downtown Scranton turn onto Wyoming Ave all the way to Poplar St take a left on Poplar St going down Poplar St pass railroad tracks and building will be on your left. If you have went to bridge you have went too far.
Tax Book Number: 1145/0959
General Property Information
Building Area Total: 86622
Building Area Total (Report Only): 86622
Enhanced Accessible: No
Year Built: 1965
Building Name: N/A
Garage Spaces: 8
Parking Total: 100
Lot Size Acres: 11
Lot Size Dimensions: 905x242x84x272x46x900x160
Land Lease YN: No
Basement YN: No
Stories: 1
Auction YN: No
List Price/SqFt: 53.1
Remarks and Miscellaneous
Public Remarks: Most people don't know this exists. The site is fenced in front, on the sides, a stream forms one of its borders, the rail, and a park the others. Its a secluded location with over eight acres. But it is just minutes from downtown Scranton. It's only a few hours to larger cities like New York and Philadelphia. The building footprint is approximatley 80,000 SF and with the mezzanine it's over 88,000 SF. The building and structure can be expanded and the large site offers value-add opportunities everywhere like storing RVs, trailors, self-storage, not to mention theres over 100 parking spots. People have asked about the rail-line. This can be activated as the rail line runs right next to the building. The ceilings are 21FT+ inside. A lot of people comment about what an ideal space it is for manufacturing and warehousing. The 6 loading docks including a 4 bay drive-in really impress visitors. There is ample room throughout this building. Property currently being utilized for manufacturing. 46,000SF leased to long term tenant. Reach out and call today with question. I'm happy to bring you to the site as well to see if it will work for your business., Tax Information: Available, Ceiling Height: 21' to 30' - Y, Overhead Door Height: 9' to 12'- Y
Exclusions: Front building directly off Poplar st in disrepair landlord will subdivide off
Status Change Information
Major Change Timestamp: 2024-02-26T04:32:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-02-26T04:32:21Z
Status Change Timestamp: 2024-01-02
Concessions: No
Back on Market Date: 2024-01-02
Building Features
Included In Contract: Land/Building
Number of Docks: 2
Manufacturing SqFt: 79233
Office SqFt: 7389
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 905
Property Features
Building Features: Drive-In Door; Finished Office
Business Type: Manufacturing; Warehouse
Construction Materials: Block
Cooling: None
Current Use: Industrial; Office; Warehouse
Electric: Phase 3
Fencing: Fenced
Flooring: Carpet; Concrete
Heating: Natural Gas
Levels: One
Listing Terms: 1031 Exchange; Cash
Lot Features: Near Industrial Park
Parking Features: Asphalt; Paved
Possession: Other; See Remarks
Road Frontage Type: Other
Road Surface Type: Paved
Roof: Rubber
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Showing Service
Listing Office: LUXE Homes Real Estate LLC
Last Updated: March - 05 - 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.