Former Food Manufacturing
For Sale
Contact for pricing
138 W 21st St, Hazleton, PA
20,000 SF multi-level building with manufacturing, office, and retail space.
Property Size20,000 SF
Lot Size0.18 Acres
Price / SF$65
Days on Market249
Property Features for 138 W 21st St
General Information
Standard status
Active
Size
20,000 SF
Lot size
0.18 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hanna Commercial Real Estate | Lehigh Valley, PA
(570) 578-4358
Listed By:
Robert Nemeth, Sr.
(570) 578-4358
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:13AM
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 Hanna Commercial Real Estate | Lehigh Valley, PA
Investment Insights
Based on property information with market context.
This is a 20,000 square foot multi-level former food manufacturing facility. The property includes some office and retail space. The second floor offers living quarters. The building is located in Hazleton, Pennsylvania.
Key Highlights
- 20,000 SF multi‑level former food manufacturing facility
- Some office space
- Some retail space
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.2k | $8.76 |
| − Vacancy | −$17.5k | −$0.88 |
| EGI | $157.7k | $7.88 |
| − OpEx | −$47.3k | −$2.37 |
| NOI | $110.4k | $5.52 |
20,000 SF · lease $8.76/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,376 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.54M – $7.39M
NOI $443,520 @ 7.0% cap · market cap 34.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 20,000 SF multi-level building with manufacturing, office, and retail space.
Where is this manufacturing property located?
The property is located at 138 W 21st St Hazleton, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 20,000 SF multi‑level former food manufacturing facility; Some office space; Some retail space
