Property profile

1002 South Rd Scranton, PA 18504

OFF-MARKET
Warehouses
275,000 SF 21.36 ac lot Built 1964
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Property summary

AI-generated overview

This exceptional industrial warehouse property, located at 1002 N South Rd, Scranton, PA 18504, offers 275,000 square feet of space, with 210,000 square feet currently vacant and divisible into units ranging from 10,000 to 210,000 square feet. The single-story, Class B building boasts a 22-foot ceiling height, 27 loading docks, 5 drive-ins, and ample parking for 127 vehicles. Built in 1964 and renovated in 1999, the property sits on approximately 21.36 acres of M-1 zoned land, providing significant expansion potential. Recent infrastructure investments exceeding $1.5 million enhance its capabilities. The property features direct access to Reading & Northern Railroad lines, offering convenient rail transportation. Its strategic location provides easy access to major transportation arteries, including the Central Scranton Expressway (approximately one mile) and Interstate 81 (approximately two miles), placing it within a day's drive of a significant portion of the US and Canadian populations. Wilkes-Barre/Scranton International Airport is a convenient 20-minute drive. The property's robust infrastructure, including 12,470 incoming volts of power, makes it ideal for various industrial uses. Annual property taxes are approximately $1 per square foot, and insurance is approximately $0.29 per square foot. This prime location in Scranton, a thriving distribution hub, offers a turnkey solution for businesses seeking efficient and strategically located warehouse space.

Property profile

Verified
Property type Warehouses
Year built 1964
Total area 275,000 SF
Lot 21.36 ac (930,442 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1002 South Rd Scranton, PA 18504
Scranton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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