Flex Space with Corner Road
For Sale
Contact for pricing
140 Hazle St, Wilkes Barre, PA 18702
Flex space suited for office, showroom, warehouse, or distribution with prominent corner road frontage.
Property Size14,800 SF
Price / SF$101.35
Days on Market33
Property Features for 140 Hazle St
General Information
Standard status
Active
Size
14,800 SF
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Listing Agency:
Lawrence Real Estate L.L.C.
(570) 825-5263
Listed By:
Lawrence Lebenson
(570) 825-5263
Source:
Moodyscre
Added: Jun 30
Changed: Jul 30
Last Checked: Jul 31 at 4:05AM
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 Lawrence Real Estate L.L.C.
Investment Insights
Based on property information with market context.
This flex space at 140 Hazle St, Wilkes Barre, PA 18702 is presented for office, showroom, warehouse, or distribution-type business use. The property size is 14,800 SF, providing a flexible footprint for a variety of operating needs.
The site benefits from high visibility and corner road frontage at the intersection of Hazel St, Wilkes Barre Blvd, and Hill St, supporting customer-facing traffic as well as practical access for day-to-day logistics.
Ideal for tenants seeking a single location that can support office, retail/showroom interaction, and warehouse or distribution functions under one roof.
The site benefits from high visibility and corner road frontage at the intersection of Hazel St, Wilkes Barre Blvd, and Hill St, supporting customer-facing traffic as well as practical access for day-to-day logistics.
Ideal for tenants seeking a single location that can support office, retail/showroom interaction, and warehouse or distribution functions under one roof.
Key Highlights
- 14,800 SF flex space suited for office/showroom/warehouse/distribution use
- High visibility corner location with road frontage
- Corner frontage on Hazel St, Wilkes Barre Blvd, and Hill St
Financial Insights For Warehouse
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 | $131.4k | $8.88 |
| − Vacancy | −$7.4k | −$0.50 |
| EGI | $124.1k | $8.38 |
| − OpEx | −$18.6k | −$1.26 |
| NOI | $105.5k | $7.13 |
14,800 SF · lease $8.88/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.73M
$3.26M – $4.35M
NOI $261,099 @ 7.0% cap · market cap 17.41%
Second Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,455 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,205 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Filfood — 73 Essex Ln, Wilkes-Barre, PA 18702
Frequently Asked Questions
What type of property is this?
Flex space - Flex space suited for office, showroom, warehouse, or distribution with prominent corner road frontage.
Where is this flex space located?
The property is located at 140 Hazle St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 14,800 SF flex space suited for office/showroom/warehouse/distribution use; High visibility corner location with road frontage; Corner frontage on Hazel St, Wilkes Barre Blvd, and Hill St
