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    151 2Nd St Wilkes-Barre, PA 18702

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    For Sale
    Contact for pricing

    8.6-Acre Industrial Site with Warehouse

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.6-acre development opportunity in Wilkes-Barre, Pennsylvania, presents a unique blend of existing infrastructure and future potential. Located at 151 Second St, Luzerne County, zip code 18702, the property boasts a prime location zoned I-1 General Industrial and B-3 Highway Business, offering significant flexibility for various industrial uses. The site includes a 5,398± square foot warehouse currently occupied by two long-term tenants, utilizing 4,200± square feet of space and the exterior yard for trailer parking. A separate 1,200± square foot rear shop building with drive-through access is currently vacant. The warehouse features 15 dock doors, while the office space within the main building totals 980± square feet, complemented by 2,000± square feet of warehouse space and three bathrooms. The shop building offers an additional 1,180± square feet. The property also includes a gravel yard and is partially fenced. Heating in the office is electric baseboard, while the warehouse can be heated with a propane heater. The warehouse boasts a ceiling height of 10 feet at the beam. Existing leases are net, with tenants responsible for utilities, garbage, and snow removal. The property's APN is 50-H11S3-001005, 50-H11S3-001-01K, and 73-H11S3-001-01K. Parcels will be subdivided prior to sale. This is an ideal opportunity for investors or developers seeking a versatile industrial property with immediate income potential and significant expansion possibilities.

    Property Features for 151 2Nd St

    General Information

    Property type
    Land
    Lot Size
    374,616 SF

    HighLights

    • I‑1 General Industrial and B‑3 Highway Business zoning.
    • 8.6‑acre Wilkes‑Barre, PA development site with 5,398± SF industrial warehouse.
    • 1,200± SF building with 15 dock doors.
    • 980± SF office and 2,000± SF warehouse space with 3 bathrooms.
    • Separate 1,180± SF shop building with drive‑through access.
    • Gravel yard and partially fenced.
    Property Profile Location Intelligence

    Current Use by Public Records

    Performance Foodservice Wholesaler Home City Ice Ice Supplier Reinhart Foodservice Wholesaler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilkes-Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.83040964
    Latitude
    41.25956038

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    FAQs

    What type of property is this?
    Land - 8.6-Acre Industrial Site with Warehouse
    Where is this land located?
    The property is located at 151 2Nd St Wilkes-Barre, PA.
    What are key features of this property?
    This property features: I-1 General Industrial and B-3 Highway Business zoning.; 8.6-acre Wilkes-Barre, PA development site with 5,398± SF industrial warehouse.; 1,200± SF building with 15 dock doors.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    151 2Nd St Wilkes-Barre, PA 18702
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