Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sr93 Hazle Township, PA 18202

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    Commercial land with frontage on SR 93 near Laurel Mall.

    We can help!

    Listing Contact
    Julia D. Namutka
    Source: Tcnworldwide

    Listing Agent: Julia D. Namutka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land Near Laurel Mall

    This offering consists of approximately 6 acres of commercial land zoned B-2 (General Commercial), featuring 178 feet of frontage along SR 93, near the entrance to the Laurel Mall. The property includes two parcels: one of 0.344 acres and another of approximately 5.75 acres. The land has a gently sloped topography, an irregular shape, and is wooded. A subdivision plat was previously filed for the larger parcel, creating two lots, but was not implemented. The buyer is required to obtain a Highway Occupancy Permit (HOP) from PennDOT. The Hazle Township area includes the Valmont Industrial Park, Pennsylvania State University, Laurel Mall with major retailers, national quick service restaurants, hotels, car dealerships, medical facilities operated by LHV & Geisinger, local small businesses, and the Hazleton Regional Airport. The area has a mix of multi-residential housing and private residences. This site presents a development opportunity along the SR 93 retail corridor, which experiences high traffic volume. Population growth is driving both commercial and residential development in the area. Permitted uses under the Hazle Township zoning regulations include retail sales and services, as well as residential uses such as apartments, townhouses, or condominiums. An additional site of approximately 83 acres is also available for sale under a separate listing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hazle Township
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.992
    Latitude
    40.9393

    Nearby Similar for Sale

    • $999,999
      8,736 SF

      West Hazleton Multifamily Investment Property

      Ten-unit multifamily property with modern amenities and strong rental history.
      328 W Green St, Hazle Township, PA 18201
      View Details
    • Contact for pricing
      242,960 SF

      Industrial Building with Expansion Plan

      242,960 SF industrial building with expansion plan in place.
      594 Can-Do Expy, Hazle Township, PA
      View Details
    • $16,551,724
      48,804 SF

      Hazle Township Automotive Property For Sale

      Long-term NNN sale-leaseback with attractive rental increases.
      651 Airport Rd, Hazle Township, PA 18202
      View Details
    • $475,000
      11,328 SF

      Drifton Sports Complex: Prime Investment

      Multi-field complex, ample parking, strong revenue streams.
      380 Sophia Coxe Dr, Drifton, PA 18224
      View Details
    • $16,551,724
      48,804 SF

      Hazleton Honda Dealership - Net Lease

      High-yield auto dealership investment. 20-year lease.
      651 Airport Rd, Hazle Township, PA 18202
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with frontage on SR 93 near Laurel Mall.
    Where is this commercial land located?
    The property is located at Sr93 Hazle Township, PA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime commercial B-2 zoning with 6 acres and 178 ft of frontage on SR 93, ideal for retail, service, or residential development.; - High-traffic location near the Laurel Mall in a growing retail corridor.; - Proximity to major retailers, restaurants, hotels, medical facilities, and the Hazleton Regional Airport.
    (570) 823-1100
    Request Owner's contact information
    Sr93 Hazle Township, PA 18202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Sr93
    Hazle Township, PA 18202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Sr93 Hazle Township, PA 18202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Julia D. Namutka
    (570) 823-1100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.