0 Grimes Industrial Park Pittston, PA 18640
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.
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.