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    159 Penn Ave Exeter, PA 18643

    For Lease
    $3 SF/Yr ($8,983 /Mo)

    Single-tenant industrial warehouse, ideal for distribution.

    Lot size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 28,000-square-foot industrial property at 159 Penn Ave, Exeter, PA 18643, is available for lease or sale. The single-story building, constructed in 1958, boasts a versatile design suitable for warehouse, flex, R&D, or distribution operations. The property sits on 1.32 acres of land and features four dock-high loading doors, ensuring efficient loading and unloading. Ceiling heights range from 12 to 14 feet, providing ample vertical space for storage and operations. Tenants will also benefit from on-site parking for 10 vehicles. The building is equipped with 3-phase electric service at 480/277 volts. Currently zoned R-3, the property's permitted use is warehouse

    Property Features for 159 Penn Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,000 SF
    Class
    C
    Total Rate
    8983.33

    Building Details

    Year Built
    1958
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    28,000 SF
    Rate per SF
    $3

    HighLights

    • 28,000‑square‑foot industrial building available for lease or sale at 159 Penn Ave, Exeter, PA 18643.
    • Single‑story building constructed in 1958, suitable for warehouse, flex, R&D, or distribution.
    • 1.32‑acre lot with four dock‑high loading doors.
    • Ceiling heights of 12 to 14 feet.
    • On‑site parking for 10 vehicles and 480/277‑volt 3‑phase electric service.
    • Currently zoned R‑3, permitted use is warehouse.
    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
    -75.8149177
    Latitude
    41.324915

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    FAQs

    What type of property is this?
    Life science property - Single-tenant industrial warehouse, ideal for distribution.
    Where is this life science property located?
    The property is located at 159 Penn Ave Exeter, PA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 28,000-square-foot industrial building available for lease or sale at 159 Penn Ave, Exeter, PA 18643.; Single-story building constructed in 1958, suitable for warehouse, flex, R&D, or distribution.; 1.32-acre lot with four dock-high loading 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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