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    511 Main St Lanesboro, PA 18847

    For Sale
    $995,000

    8-Acre Riverfront Industrial Site, 24,100 SF

    Property size:
    24,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 8-acre industrial property at 511 Main Street, Lanesboro, PA, presents a unique redevelopment opportunity. The site, available for the first time since 1973, comprises multiple buildings totaling 24,100 square feet, offering substantial space for a variety of commercial uses. Previously occupied by Rotorcast Manufacturing, the property boasts a prime location with scenic river views and potential for water extraction, subject to obtaining the necessary permits. This feature significantly expands the potential for industries requiring direct water access. Its strategic proximity to Highway 81 (approximately 10 miles away) ensures excellent connectivity to major transportation routes, ideal for businesses prioritizing logistics and efficient operations. The expansive space is well-suited for various applications, including light manufacturing, warehousing, and distribution centers. The combination of a picturesque riverfront setting and convenient highway access makes this property particularly attractive for projects that benefit from both functionality and aesthetic appeal. This is more than just a real estate investment

    Property Features for 511 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    24,100 SF
    Lot Size
    348,480 SF

    Building Details

    Year Built
    2002
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Computer & Electronic Repair Tech Support Center Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lanesboro
    County
    Susquehanna
    State
    Pennsylvania
    Longitude
    -75.58597
    Latitude
    41.96206

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    FAQs

    What type of property is this?
    Industrial property - 8-Acre Riverfront Industrial Site, 24,100 SF
    Where is this industrial property located?
    The property is located at 511 Main St Lanesboro, PA.
    What is the asking price?
    The asking price for this property is $995,000.
    (570) 278-2434
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    511 Main St Lanesboro, PA 18847
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    511 Main St Lanesboro, PA 18847
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