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    Grimes Industrial Park Pittston, PA 18640

    For Sale
    $3,950,000

    31.75 Acres, I-1 Zoning, Ready to Build

    Property size:
    277,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 31.75-acre industrial land parcel, located in the thriving Grimes Industrial Park in Yatesville, Pennsylvania (zip code 18640), presents a unique investment opportunity. Situated at the high-visibility corner of Commerce Road and Sathers Drive, this property boasts significant frontage on both roads, ensuring excellent exposure. The site is zoned I-1 Industrial and has all necessary approvals secured for the construction of up to 277,100 square feet of new industrial space. All utilities are readily accessible. The property's strategic location offers easy access to Interstate 81 via exit 178 (Navy Way), Pennsylvania Route 315, and the Northeast Extension of the Pennsylvania Turnpike (Route 476). This prime location within Grimes Industrial Park places the property in close proximity to major distribution centers, including a one-million-square-foot TJ Maxx facility, FedEx, Cascade, and US Hydrations, among others. The land is comprised of 6.78 acres in Dupont Borough and 24.949 acres in Pittston Township, offering a contiguous and sizable development opportunity. The asking price for this fully approved, ready-to-build site is $3,950,000. The park's established infrastructure and presence of significant tenants make this an ideal location for new industrial development. This is a rare opportunity to acquire a large, fully permitted industrial site in a high-demand location.

    Property Features for 0 Grimes Industrial Park

    General Information

    Property type
    Land
    Square Feet
    277,100 SF
    Lot Size
    1,383,030 SF

    HighLights

    • All necessary approvals secured for 277,100 SF of new industrial construction.
    • 31.75 contiguous acres (6.78 acres in Dupont Borough, 24.97 acres in Pittston Twp).
    • Excellent access to I‑81, PA Route 315, and the PA Turnpike's NE Extension (Route 476).
    • Located in Grimes Industrial Park, alongside major tenants including TJ Maxx (1M SF distribution center), FedEx, Cascade, and US Hydrations.
    • High‑visibility corner lot at Commerce Road and Sathers Drive in Grimes Industrial Park, adjacent to Centerpoint Trade Park (home to Lowe's, UPS, FedEx, etc.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pittston
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.733213512369
    Latitude
    41.315182054681

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    FAQs

    What type of property is this?
    Land - 31.75 Acres, I-1 Zoning, Ready to Build
    Where is this land located?
    The property is located at Grimes Industrial Park Pittston, PA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: All necessary approvals secured for 277,100 SF of new industrial construction.; 31.75 contiguous acres (6.78 acres in Dupont Borough, 24.97 acres in Pittston Twp).; Excellent access to I-81, PA Route 315, and the PA Turnpike's NE Extension (Route 476).
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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
    Grimes Industrial Park Pittston, PA 18640
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