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Retail and Warehouse Flex Building

1548 Highway 315 Blvd Wilkes Barre, PA 18702

1548 Highway 315 Blvd, Wilkes Barre, PA, 18702

$475,000

For Sale

$475,000

Block-built flex building combines retail and warehouse areas with 13' to 16' ceiling heights and overhead doors rated for 13' to 16'.

Property Size9,424 SF

Lot Size1.14 Acres

Price / SF$50.40

AddedJan 22, 2019

Days on Market2731

Last RefreshJul 11 at 1:57 am

Property Features for 1548 Highway 315 Blvd

General Information

Standard status: Active
Size: 9,424 SF
Lot size: 1.14 Acres

Listing office Atlas Realty Inc

Listing date Jan 22, 2019

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Atlas Realty Inc

Investment Insights

Based on property information with market context.

A block-built commercial flex building that combines retail and warehouse space. The property was last used as a retail location and includes ceiling heights ranging from 13' to 16' and overhead door clearances also ranging from 13' to 16'.

Situated on Highway 315 in Wilkes-Barre, the site is positioned near Mohegan Sun casino, the Wilkes-Barre shopping district, I-81, and the PA Turnpike.

The total property size is 1.14 acres, offering a single block structure suitable for a variety of commercial uses.

Key Highlights

1.14‑acre commercial property on Hwy 315 near Mohegan Sun casino, the Wilkes‑Barre shopping district, I‑81, and the PA Turnpike
Block‑built flex building with both retail and warehouse space; last used as a retail location
Building size listed as 9,464 sq ft (block construction) with ceiling heights of 13' to 16'

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.6k	$6.96
− Vacancy	−$3.7k	−$0.39
EGI	$61.9k	$6.57
− OpEx	−$21.7k	−$2.30
NOI	$40.2k	$4.27

9,424 SF · lease $6.96/SF/yr · vacancy 5.60% · expense 35.00%

Alternative Uses

Best Use

Retail

$1.12M

$979.6K – $1.31M (±1% cap)

NOI $78,370 @ 7.0% cap · market cap 16.50%

Second Best

Warehouse

$959.3K

$839.4K – $1.12M (±1% cap)

NOI $67,149 @ 7.0% cap · market cap 14.14%

Theoretical Best

Office A

$2.99M

$2.61M – $3.48M (±1% cap)

NOI $208,987 @ 7.0% cap · market cap 44.00%

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

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
PA
Wilkes Barre
18702
1548 Highway 315 Blvd

What type of property is this?

Flex space - Block-built flex building combines retail and warehouse areas with 13' to 16' ceiling heights and overhead doors rated for 13' to 16'.

Where is this flex space located?

The property is located at 1548 Highway 315 Blvd Wilkes Barre, PA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 1.14‑acre commercial property on Hwy 315 near Mohegan Sun casino, the Wilkes‑Barre shopping district, I‑81, and the PA Turnpike; Block‑built flex building with both retail and warehouse space; last used as a retail location; Building size listed as 9,464 sq ft (block construction) with ceiling heights of 13' to 16'