Self-Storage Facility with Expansion
5060 Old Airport Rd, Hazleton, PA 18202
For Sale
Contact for pricing
Storage facility near major interstates, with an additional acre available for expansion purchase.
Property Size12,600 SF
Price / SF$79.37
Days on Market145
Property Features for 5060 Old Airport Rd
General Information
Standard status
Size
Property subtype
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Units
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Kevin Bledsoe · License PA RS330007
(215) 531-7113
Source:
Crexi
Added: Jun 18
Changed: Nov 5
Last Checked: Nov 8 at 6:26AM
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 Marcus & Millichap - Philadelphia
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Investment Insights
Based on property information with market context.
This for-sale property is an operating self-storage business presented by Marcus & Millichap. The asset is sized at 12,600 square feet and includes the opportunity to purchase an additional acre of land for future expansion. The property is designed to serve storage users who need convenient access and reliable space in the local market.
The facility is located at 5060 Old Airport Road in Hazle Twp, Pennsylvania. The site is positioned for accessibility with proximity to Interstate 80 and Interstate 81, two major transportation corridors that support convenient arrival for both local residents and transient users. Penn State Hazle Twp is approximately 1.8 miles away, providing a nearby demand generator tied to students and faculty. The area also includes a larger retired population, which can contribute to ongoing storage needs.
For buyers, this offering combines an established storage operation with an expansion land option, allowing an investor to evaluate future growth based on tenant and market demand. For operators, the access advantages of being near two interstates can help support consistent customer traffic from a broader regional base.
The facility is located at 5060 Old Airport Road in Hazle Twp, Pennsylvania. The site is positioned for accessibility with proximity to Interstate 80 and Interstate 81, two major transportation corridors that support convenient arrival for both local residents and transient users. Penn State Hazle Twp is approximately 1.8 miles away, providing a nearby demand generator tied to students and faculty. The area also includes a larger retired population, which can contribute to ongoing storage needs.
For buyers, this offering combines an established storage operation with an expansion land option, allowing an investor to evaluate future growth based on tenant and market demand. For operators, the access advantages of being near two interstates can help support consistent customer traffic from a broader regional base.
Key Highlights
- Self‑storage business at 5060 Old Airport Road in Hazle Twp, Pennsylvania
- Year built: 2025
- Additional 1 acre of land available for purchase for expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,779
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,795,580
$1.8M
Cap Rate 7%
$1,282,557
$1.3M
Cap Rate 9%
$997,544
$997.5K
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$111.9K $8.88/SF
− Vacancy
−$6.3K −$0.50/SF
EGI
$105.6K $8.38/SF
− OpEx
−$15.8K −$1.26/SF
NOI
$89.8K $7.13/SF
Area
Luzerne County, PA
Vacancy
5.60%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,795,580
Cap Rate 7%
$1,282,557
Cap Rate 9%
$997,544
Alternative Uses
Best Use
Self Storage
$1.80M
$1.57M – $2.09M
NOI $125,685 @ 7.0% cap · market cap 12.57%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,779 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,418 @ 7.0% cap · market cap 27.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - Storage facility near major interstates, with an additional acre available for expansion purchase.
Where is this self storage facility located?
The property is located at 5060 Old Airport Rd Hazleton, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Self‑storage business at 5060 Old Airport Road in Hazle Twp, Pennsylvania; Year built: 2025; Additional 1 acre of land available for purchase for expansion
