Flex Office with Warehouse
For Sale
Contact for pricing
682 Tunkhannock Avenue, Exeter, PA 18643
Mixed-use building featuring professional office space plus a large warehouse/garage and ample parking for customers and staff.
Property Size2,500 SF
Price / SF$110
Days on Market692
Property Features for 682 Tunkhannock Avenue
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Special Purpose
Listing Agency:
Coldwell Banker Town & Country Real Estate
Listed By:
Kimberly Schwartz · License #RS340786
Source:
Crexi
Added: Nov 27, 2024
Changed: Oct 4
Last Checked: Oct 19 at 7:29AM
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 Coldwell Banker Town & Country Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial building is currently configured as professional offices alongside a large warehouse/garage. The property combines office use with an industrial-style space designed for storage and light operations, supporting flexible day-to-day needs on the same site.
Directions listed for access include traveling from Route 309 to Exit 4, then R onto Rutter Ave., L onto River St, R onto Wyoming Ave., and L onto Tunkhannock Ave. The public remarks also describe the property as being in a high-traffic location with plenty of parking.
The warehouse/garage is noted as measuring 60 x 90, and the overall offering is presented for sale by a motivated seller.
Directions listed for access include traveling from Route 309 to Exit 4, then R onto Rutter Ave., L onto River St, R onto Wyoming Ave., and L onto Tunkhannock Ave. The public remarks also describe the property as being in a high-traffic location with plenty of parking.
The warehouse/garage is noted as measuring 60 x 90, and the overall offering is presented for sale by a motivated seller.
Key Highlights
- Mixed‑use commercial building with professional office space plus a large 60 x 90 warehouse/garage
- Currently used as professional offices
- High‑traffic location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,813
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,260
$356.3K
Cap Rate 7%
$254,471
$254.5K
Cap Rate 9%
$197,922
$197.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$22.2K $8.88/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$21.0K $8.38/SF
− OpEx
−$3.1K −$1.26/SF
NOI
$17.8K $7.13/SF
Area
Luzerne County, PA
Vacancy
5.60%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,260
Cap Rate 7%
$254,471
Cap Rate 9%
$197,922
Alternative Uses
Best Use
Warehouse
$254.5K
$222.7K – $296.9K
NOI $17,813 @ 7.0% cap · market cap 6.48%
Second Best
Industrial
$197.1K
$172.5K – $230.0K
NOI $13,797 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 20.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18643, PA
12,165
Population
6,321
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
665
Density / Sq Mi
$61,685
Median Household Income
$43,129
Median Earnings
$956
Median Rent
$156,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use building featuring professional office space plus a large warehouse/garage and ample parking for customers and staff.
Where is this flex space located?
The property is located at 682 Tunkhannock Avenue Exeter, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Mixed‑use commercial building with professional office space plus a large 60 x 90 warehouse/garage; Currently used as professional offices; High‑traffic location
