421 N Pennsylvania Avenue, Wilkes-Barre, PA 18702
$2,500,000
Property Type:
Commercial Sale
Square Footage:
78,955
Lot Size (sq. ft.):
173,369
Status:
Active
Current Price:
$2,500,000
List Date:
3/27/2024
Last Modified:
3/27/2024
Description
Pleased to present qualified buyers the opportunity to acquire the Wilkes-Barre Industrial Center. This property is sitting on almost 4 Acres and offers 78,955 SF of gross leasable area and is strategically located along the I-81 Corridor in Wilkes-Barre, PA.
The Subject Property is currently occupied and maintains leases with very strong tenants.
Situated near the Delaware Valley Tri-State area, Wilkes-Barre offers easy access to Interstates 80, 81, and 476, the metro has easy transportation access to a large portion of the nation's population, helping to grow its logistics and distribution sector. Furthermore, downtown Wilkes-Barre is the largest concentrated employment center in Northeastern Pennsylvania, with a lively business community.
This vast infrastructure network provides for a large manufacturing and distribution base. Hershey, Amazon, Pride Mobility Products, and Bemis are a few of the many firms located in the region. A number of the area's biggest employers are healthcare providers including Aveanna Health Care, VA Medical Center, Wilkes-Barre Hospital and Community Health Systems., Tax Information: Available, Ceiling Height: 9' to 12'- Y, Ceiling Height: 13' to 16'- Y, Overhead Door Height: 19' to 20'- Y, Overhead Door Height: 13' to 16'- Y
More Information MLS# 22-4979
Contract Information
Current Price: $2,500,000
List Price: $2,500,000
Status: Active
Listing Contract Date: 2022-11-10
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: OGA Global LLC.
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 421
Street Direction Prefix: N
Street Name: Pennsylvania
Street Suffix: Avenue
Municipality: Wilkes Barre City
State: PA
Postal Code: 18702
County: Luzerne
High School District: Wilkes-Barre Area
City Region: Wilkes-Barre City
County Tax Amount: 5103
Municipal Tax Amount: 16500
School Tax Amount: 15273
Tax Annual Amount: 36876
Tax Year: 2022
Tax Assessed Value: 800000
Parcel Number: 73-H10NW3-011-001-000
Additional Parcels YN: No
Zoning Description: Commercial
Directions: From Cross Valley to Wilkes-Barre exit towards city. 2 traffic light to right turn onto Butler ST. over railroad tracks building on left
Tax Book Number: 3009/21022
General Property Information
Building Area Total: 78955
Building Area Total (Report Only): 78955
Enhanced Accessible: No
Year Built: 1975
Building Name: N/A
Parking Total: 20
Lot Size Acres: 3.98
Lot Size Dimensions: 155x300
Land Lease YN: No
Basement YN: No
Stories: 3
Auction YN: No
List Price/SqFt: 31.66
Remarks and Miscellaneous
Public Remarks: Pleased to present qualified buyers the opportunity to acquire the Wilkes-Barre Industrial Center. This property is sitting on almost 4 Acres and offers 78,955 SF of gross leasable area and is strategically located along the I-81 Corridor in Wilkes-Barre, PA.
The Subject Property is currently occupied and maintains leases with very strong tenants.
Situated near the Delaware Valley Tri-State area, Wilkes-Barre offers easy access to Interstates 80, 81, and 476, the metro has easy transportation access to a large portion of the nation's population, helping to grow its logistics and distribution sector. Furthermore, downtown Wilkes-Barre is the largest concentrated employment center in Northeastern Pennsylvania, with a lively business community.
This vast infrastructure network provides for a large manufacturing and distribution base. Hershey, Amazon, Pride Mobility Products, and Bemis are a few of the many firms located in the region. A number of the area's biggest employers are healthcare providers including Aveanna Health Care, VA Medical Center, Wilkes-Barre Hospital and Community Health Systems., Tax Information: Available, Ceiling Height: 9' to 12'- Y, Ceiling Height: 13' to 16'- Y, Overhead Door Height: 19' to 20'- Y, Overhead Door Height: 13' to 16'- Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2024-03-27T15:59:20Z
Major Change Type: Status Change
Price Change Timestamp: 2023-02-09T17:05:00Z
Status Change Timestamp: 2024-03-27
Contingency: Active W/Contingency
Concessions: No
Back on Market Date: 2024-01-31
Building Features
Included In Contract: Building Only
Number of Docks: 1
Office SqFt: 8000
Warehouse SqFt: 70955
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 155
Property Features
Building Features: Emergency Lighting; Freight Elevator; Loading Dock(s); Prime Location; Sprinkler System
Business Type: Manufacturing; Warehouse
Construction Materials: Block; Brick
Cooling: Central Air
Current Use: Commercial; Office; Retail; Warehouse
Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service; Circuit Breakers; Phase 3
Exterior Features: Lighting
Flooring: Concrete
Heating: Baseboard; Electric; Heat Pump; Space Heater
Levels: Three Or More
Listing Terms: Cash
Lot Features: Corner Lot; Level; Near General Business
Parking Features: Asphalt; Garage
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Rolled/Hot Mop; Rubber; Slate
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: ERA One Source Realty
Last Updated: March - 27 - 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.