Modern Flex Space in
For Lease
Contact for pricing
525 Research Drive, Pittston, PA 18640
42,175 SF flex space in CenterPoint Commerce & Trade Park.
Space Size147,000 SF
Days on Market979
Property Features for 525 Research Drive
General Information
Standard status
Active
Size
147,000 SF
Class
A
Total Parking Spaces
148
Property subtype
Industrial
Building Details
Building Size
147,000 SF
Year Built
2024
Tenancy
Multiple
Spaces For Lease
at 525 Research Drive Contact us- Size
- 147,000 SF
- Type
- Industrial
- Lease Type
- NNN
- Availability
- Active
147,000 SF Industrial/Flex Space in PA
Listing Agency:
Mericle Commercial Real Estate Services
Listed By:
Bob Besecker · License #PA RM051447A
(570) 823-1100
Source:
Crexi
Added: Dec 29, 2023
Changed: Sep 3
Last Checked: Aug 31 at 2:56AM
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 Mericle Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This 42,175 square foot flex space, measuring 210 feet wide by 200 feet long, is situated within a recently constructed 147,000 square foot industrial/flex building. It is located in CenterPoint Commerce & Trade Park East, Pittston Township, Pennsylvania, within a LERTA Zone, offering a 100% real estate tax abatement on improvements for 10 years. The building's location is less than one mile from I-81 and I-476 and a 10-minute drive from the Wilkes-Barre/Scranton Airport. FedEx Ground and UPS facilities are less than five minutes away. The space features an approximate clear structural height of 34 feet 5 inches at the first column from the loading dock wall, 6-inch reinforced concrete floors, and 50 foot by 50 foot column spacing with 60 feet at the staging bay. Natural light is provided by 3 foot by 6 foot clerestory windows. Loading is facilitated by six 9 foot by 10 foot vertical lift dock doors equipped with vision kits and 40,000 LB capacity mechanical levelers with bumpers, along with one 12 foot by 14 foot drive-in door with a concrete ramp. Utilities include energy-efficient, roof-mounted Cambridge direct-fire units, ESFR fire protection, energy-efficient LED fixtures, and electrical power available up to multiples of 800 Amps.
Key Highlights
- 10‑year, 100% real estate tax abatement on improvements due to LERTA Zone location.
- Excellent location: less than one mile from I‑81 and I‑476, and 10 minutes from Wilkes‑Barre/Scranton Airport.
- 42,175 SF industrial/flex space in a recently constructed (2024) building.**
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 42,175 SF flex space in CenterPoint Commerce & Trade Park.
Where is this flex space located?
The property is located at 525 Research Drive Pittston, PA.
What are key features of this property?
This property features: 10‑year, 100% real estate tax abatement on improvements due to LERTA Zone location.; Excellent location: less than one mile from I‑81 and I‑476, and 10 minutes from Wilkes‑Barre/Scranton Airport.; 42,175 SF industrial/flex space in a recently constructed (2024) building.**
