Multifamily and Medical Office
For Sale
Contact for pricing
Pending
388 Airport Rd, Hazleton, PA 18202
Diversified portfolio includes 22 townhomes, two multi-tenant office buildings, and a single-tenant cancer treatment center, all fully occupied.
Days on Market111
Property Features for 388 Airport Rd
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily, Office
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
22
Listing Agency:
Avison Young - Suburban Philadelphia
Listed By:
Adam Gillespie · License #PA RS293296
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 7:15AM
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 Avison Young - Suburban Philadelphia
Investment Insights
Based on property information with market context.
This for-sale diversified portfolio consists of 22 townhomes, two multi-tenant office buildings, and one single-tenant cancer treatment center. The offering totals 23,830 square feet of medical office and office space, and all four properties are currently 100% occupied with a strong rental history.
The office properties are located within two miles of I-81, and the Butler Terrace Townhomes are approximately five miles from I-81 with an easy 10-minute drive. The office portion reflects a weighted average tenant tenure of 8.24 years.
The remarks indicate tenant demand and low tenant turnover, including a tenant waiting list for rollover units at Butler Terrace. The portfolio’s Butler Terrace rents are described as currently over 10% below market.
The office properties are located within two miles of I-81, and the Butler Terrace Townhomes are approximately five miles from I-81 with an easy 10-minute drive. The office portion reflects a weighted average tenant tenure of 8.24 years.
The remarks indicate tenant demand and low tenant turnover, including a tenant waiting list for rollover units at Butler Terrace. The portfolio’s Butler Terrace rents are described as currently over 10% below market.
Key Highlights
- Diversified medical office/office portfolio totals 23,830 SF: 22 townhomes, two multi‑tenant office buildings, and one single‑tenant cancer treatment center
- All four properties are currently 100% occupied with a strong rental history
- Three office properties are each within 2 miles of I‑81 for convenient access
Property Analytics
Current Use
Lease Details
22
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 18202, PA
13,894
Population
6,036
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
35.0 sq mi
ZIP Area
397
Density / Sq Mi
$55,517
Median Household Income
$35,330
Median Earnings
$1,029
Median Rent
$182,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Diversified portfolio includes 22 townhomes, two multi-tenant office buildings, and a single-tenant cancer treatment center, all fully occupied.
Where is this apartment building located?
The property is located at 388 Airport Rd Hazleton, PA.
What are key features of this property?
This property features: Diversified medical office/office portfolio totals 23,830 SF: 22 townhomes, two multi‑tenant office buildings, and one single‑tenant cancer treatment center; All four properties are currently 100% occupied with a strong rental history; Three office properties are each within 2 miles of I‑81 for convenient access
