Flex Building with Drive-Through
For Sale
$114,900
902 N Penn Ct, Hazleton, PA 18201
Flexible commercial building with separated work areas, vehicle storage, and on-site parking in Hazleton.
Property Size2,080 SF
Price / SF$55.24
Days on Market251
Property Features for 902 N Penn Ct
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Action Real Estate
Listed By:
Kathleen Lutsky · License #RS312832
(570) 453-0303
Source:
Nepahousehunt
Added: Feb 7
Changed: Oct 1
Last Checked: Oct 14 at 11:26PM
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 Action Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,080-square-foot flex building includes a three-car garage with high ceilings and drive-through garage doors. The interior is divided into multiple work rooms, providing separate areas for storage, projects, or other commercial functions. A storage shed adds additional utility on the rear lot, while a signpost is positioned at the front of the property.
Parking is arranged across the front, side, and rear lots, with space for up to 7 cars in the front and side areas and another 5 or 6 vehicles at the back. The property previously operated as a print shop. Any change in use requiring a zoning variance would be subject to applicable approvals.
Parking is arranged across the front, side, and rear lots, with space for up to 7 cars in the front and side areas and another 5 or 6 vehicles at the back. The property previously operated as a print shop. Any change in use requiring a zoning variance would be subject to applicable approvals.
Key Highlights
- 2,080‑square‑foot flex building at 902 Penn Ct, Hazleton, PA
- Three‑car garage with high ceilings and drive‑through garage doors
- Multiple separated work rooms inside the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,883
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,660
$177.7K
Cap Rate 7%
$126,900
$126.9K
Cap Rate 9%
$98,700
$98.7K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$14.5K $6.96/SF
− Vacancy
−$811 −$0.39/SF
EGI
$13.7K $6.57/SF
− OpEx
−$4.8K −$2.30/SF
NOI
$8.9K $4.27/SF
Area
Luzerne County, PA
Vacancy
5.60%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,660
Cap Rate 7%
$126,900
Cap Rate 9%
$98,700
Alternative Uses
Best Use
Retail
$247.1K
$216.2K – $288.3K
NOI $17,297 @ 7.0% cap · market cap 15.05%
Second Best
Industrial
$164.0K
$143.5K – $191.3K
NOI $11,479 @ 7.0% cap · market cap 9.99%
Theoretical Best
Office A
$658.9K
$576.6K – $768.8K
NOI $46,126 @ 7.0% cap · market cap 40.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with separated work areas, vehicle storage, and on-site parking in Hazleton.
Where is this flex space located?
The property is located at 902 N Penn Ct Hazleton, PA.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 2,080‑square‑foot flex building at 902 Penn Ct, Hazleton, PA; Three‑car garage with high ceilings and drive‑through garage doors; Multiple separated work rooms inside the building
