328 Indiana St Punxsutawney, PA 15767
This 8,000-square-foot warehouse, located at 328 Indiana St, Punxsutawney, PA 15767, presents a compelling owner-user opportunity. Built in 1988, this single-story building offers efficient operations with three loading docks and three dock-high doors, complemented by six drive-in doors. High ceilings accommodate diverse industrial and commercial uses, further enhanced by the availability of 3-phase power. The property boasts a convenient location just off Route 19 and Route 36, providing excellent accessibility. With a vacant tenancy and an occupancy date of October 21, 2024, this property is ideal for distribution, production, storage, or light manufacturing. The asking price is $375,000, translating to $46.88 per square foot. The property is situated in a mixed-use area, offering flexibility for various business types. Parking is provided at a ratio of one space per 1,000 square feet. The property features one building on a single parcel (APN 24-004-0407) and is owned by Mahoning. The lease type is NNN. While the property is currently vacant, it is suitable for credit-rated tenants, franchisees, or those with corporate guarantees. This presents a unique chance to acquire a well-located, functional warehouse in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.