5 Butler Dr Drums, PA 18222
This exceptional 27-acre mixed-use development opportunity is situated in Drums, Pennsylvania, at the highly visible intersection of Route 309 and Butler Drive, just north of Hazleton. The property, priced at $2,500,000 ($92,593/acre land value), offers a unique chance to capitalize on the growth of Luzerne County. Its strategic location provides excellent visibility and accessibility, benefiting from a significant daily traffic count of 15,919 vehicles at the intersection. The property is zoned to accommodate a variety of uses, making it ideal for a multi-faceted development. Envision a vibrant complex incorporating retail spaces such as a supermarket, fast-food restaurants, and smaller shops, complemented by office space, medical facilities, fitness centers, and potentially even multi-family residential units. The property is available for occupancy starting April 8, 2024. This is a rare chance to acquire a large parcel in a thriving area, poised for significant future growth and offering a diverse range of development possibilities. The property's versatility and prime location make it an attractive investment for developers seeking a high-impact project in a rapidly developing market. The address is 5 W Butler Dr, Drums, PA 18222.
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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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.