Leased Industrial Buildings with Expansion
1308-1316 Pennsylvania Ave. W, Warren, PA 16365
For Sale
$1,400,000
Two industrial buildings fully leased until 2026 with expansion possibilities.
Property Size12,000 SF
Price / SF$116.67
Days on Market352
Property Features for 1308-1316 Pennsylvania Ave. W
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
NAI Mertz | Wilkes - Barre
Listed By:
Steve Cole, SIOR · License #RB043368C
(570) 578-8296
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 21
Last Checked: Nov 6 at 7:49AM
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 NAI Mertz | Wilkes - Barre
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Investment Insights
Based on property information with market context.
This property features two industrial warehouse/distribution buildings, each approximately 12,000 square feet. The buildings are fully leased and tenant-occupied until 2026. The parcel spans 6.64 acres, offering ample space for the addition of a new 40,000 square foot building. Rail access is a possibility. The buildings are of Butler Building System construction, each measuring 80 feet by 150 feet by 20 feet. They feature 6-inch thick reinforced concrete floors. Each building includes one 9-foot by 10-foot steel insulated dock door with two windows and weather seals, as well as one 12-foot by 14-foot steel insulated drive-in door with two windows and 7-foot light track weather seals. Each building is equipped with one dock leveler with a 6-foot by 8-foot deck, 20-inch lip, weather seals, and 6-inch laminated bumpers. Each building has four exterior doors and five 3-foot by 3-foot slide windows. There are two 2-foot by 6-foot single-user, ADA-compatible restrooms in each building. Heating is provided by six natural gas-fired 175,000 BTU radiant overhead heaters in each building. Lighting consists of 400-watt metal halide high bay lights. Each building has a 480-volt, 3-phase, 400-amp electrical service, along with a 480/277 volt, 200-amp circuit panel and a 208/120 volt, 200-amp circuit panel, and a 75 KVA 480/208 volt transformer. The property includes 20,000 square feet of surface parking to the side and between each building, including the entryway.
Key Highlights
- Fully leased until 2026, providing immediate income.
- Expansion potential with space for a new 40,000 SF building.
- Two existing 12,000 SF industrial warehouse/distribution buildings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,022
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,700,440
$1.7M
Cap Rate 7%
$1,214,600
$1.2M
Cap Rate 9%
$944,689
$944.7K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$106.0K $8.83/SF
− Vacancy
−$5.9K −$0.49/SF
EGI
$100.0K $8.34/SF
− OpEx
−$15.0K −$1.25/SF
NOI
$85.0K $7.09/SF
Area
Warren County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,700,440
Cap Rate 7%
$1,214,600
Cap Rate 9%
$944,689
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.42M
NOI $85,022 @ 7.0% cap · market cap 6.07%
Second Best
Industrial
$1.00M
$875.2K – $1.17M
NOI $70,018 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,518 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 16365, PA
17,428
Population
8,861
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
139.3 sq mi
ZIP Area
125
Density / Sq Mi
$57,694
Median Household Income
$36,810
Median Earnings
$778
Median Rent
$118,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings fully leased until 2026 with expansion possibilities.
Where is this warehouse located?
The property is located at 1308-1316 Pennsylvania Ave. W Warren, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully leased until 2026, providing immediate income.; Expansion potential with space for a new 40,000 SF building.; Two existing 12,000 SF industrial warehouse/distribution buildings.
