Two-Building Warehouse
For Sale
$2,500,000
132 Commercial Blvd, Blakeslee, PA
Both structures have 22-foot ceilings and loading docks, with optional storefront space in the vacant building.
Property Size15,600 SF
Lot Size4.24 Acres
Price / SF$160.26
Days on Market141
Property Features for 132 Commercial Blvd
General Information
Standard status
Active
Size
15,600 SF
Lot size
4.24 Acres
Additional Details
Highway Access
Yes
Clear Height
22 ft
Taxes and HOA fees
Annual Taxes
$6,031
Building Details
Buildings
2
Listing Agency:
Mary Enck Realty Inc
Listed By:
Susan J Eckert · License #RS250648
(570) 722-8000
Source:
Exprealty
Added: May 26
Changed: Oct 13
Last Checked: Oct 12 at 10:06PM
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 Mary Enck Realty Inc
Investment Insights
Based on property information with market context.
The property includes two warehouse buildings totaling 15,600 square feet on 4.24 acres. Building 1 measures approximately 8,400 square feet and is vacant; it has a loading dock, 22-foot ceilings, and optional storefront space. Building 2 contains approximately 7,200 square feet, with a loading dock and the same ceiling height. It is occupied under a lease with three to six months remaining and may be terminated with 30 days’ notice.
The site is directly off Interstate 80 in Blakeslee, Pennsylvania. Room for another warehouse or further expansion is also identified on the property.
The site is directly off Interstate 80 in Blakeslee, Pennsylvania. Room for another warehouse or further expansion is also identified on the property.
Key Highlights
- Two warehouse buildings total 15,600 square feet on 4.24 acres
- Building 1: approximately 8,400 square feet; vacant, with optional storefront space
- Building 2: approximately 7,200 square feet; tenant lease has 3 to 6 months remaining and can be terminated with 30 days notice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,529
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,210,580
$2.2M
Cap Rate 7%
$1,578,986
$1.6M
Cap Rate 9%
$1,228,100
$1.2M
Market Conditions
NOI Build-Up for 15,600 SF
Gross rent
$137.7K $8.83/SF
− Vacancy
−$7.7K −$0.49/SF
EGI
$130.0K $8.34/SF
− OpEx
−$19.5K −$1.25/SF
NOI
$110.5K $7.09/SF
Area
Monroe 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%
$2,210,580
Cap Rate 7%
$1,578,986
Cap Rate 9%
$1,228,100
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,529 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.67M
$4.09M – $5.45M
NOI $326,851 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Both structures have 22-foot ceilings and loading docks, with optional storefront space in the vacant building.
Where is this warehouse located?
The property is located at 132 Commercial Blvd Blakeslee, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two warehouse buildings total 15,600 square feet on 4.24 acres; Building 1: approximately 8,400 square feet; vacant, with optional storefront space; Building 2: approximately 7,200 square feet; tenant lease has 3 to 6 months remaining and can be terminated with 30 days notice
