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    159 Penn Ave Exeter, PA 18643

    For Sale
    $750,000

    Industrial warehouse, redevelopment opportunity. Excellent location.

    Property size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 28,000-square-foot warehouse, situated on a 1.33-acre lot at 159 Penn Ave., Exeter, PA 18643, presents a compelling redevelopment opportunity. The property, classified as Class C mixed-use industrial, is available for sale or lease. The asking price is $750,000, translating to $3.85 per square foot. Built in 1958, this single-story building features three loading docks and four dock-high doors, providing ample access for efficient operations. The lease type is NNN (modified). The property boasts a single tenancy and has been occupied since November 16, 2017. Its strategic location in Luzerne County, Pennsylvania, offers excellent access to major transportation routes. This property is ideal for investors seeking a redevelopment project with significant potential in a prime location. The substantial lot size provides ample space for expansion or future development. Serious inquiries are encouraged.

    Property Features for 159 Penn Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    28,000 SF
    Class
    C
    Lot Size
    57,935 SF

    Building Details

    Year Built
    1958
    Stories
    1

    HighLights

    • 28,000 SF warehouse on a 1.33‑acre lot in Exeter, PA.
    • Class C mixed‑use industrial building, available for sale or lease at $750,000 ($3.85/SF).
    • Built in 1958, featuring three loading docks and four dock‑high doors.
    • NNN lease (modified), single tenant occupied since November 16, 2017.
    • Excellent location in Luzerne County with access to major transportation routes; redevelopment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trusty tables Party Equipment Rental Service NEPA Fulfillment Warehouse

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Exeter
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.813822
    Latitude
    41.325534

    Nearby Comparable

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    • $399,000
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    Nearby Similar for Sale

    • Contact for pricing
      28,000 SF

      Exeter Warehouse: Lease or Buy

      Large warehouse, 4 docks, R-3 zoning.
      159 Penn Ave, Exeter, PA 18643
      View Details

    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, redevelopment opportunity. Excellent location.
    Where is this distribution property located?
    The property is located at 159 Penn Ave Exeter, PA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 28,000 SF warehouse on a 1.33-acre lot in Exeter, PA.; Class C mixed-use industrial building, available for sale or lease at $750,000 ($3.85/SF).; Built in 1958, featuring three loading docks and four dock-high doors.
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    159 Penn Ave Exeter, PA 18643
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    Exeter, PA 18643
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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
    159 Penn Ave Exeter, PA 18643
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