151 2Nd St Wilkes-Barre, PA 18702
This exceptional 8.6-acre development opportunity in Wilkes-Barre, Pennsylvania, presents a unique blend of existing infrastructure and future potential. Located at 151 Second St, Luzerne County, zip code 18702, the property boasts a prime location zoned I-1 General Industrial and B-3 Highway Business, offering significant flexibility for various industrial uses. The site includes a 5,398± square foot warehouse currently occupied by two long-term tenants, utilizing 4,200± square feet of space and the exterior yard for trailer parking. A separate 1,200± square foot rear shop building with drive-through access is currently vacant. The warehouse features 15 dock doors, while the office space within the main building totals 980± square feet, complemented by 2,000± square feet of warehouse space and three bathrooms. The shop building offers an additional 1,180± square feet. The property also includes a gravel yard and is partially fenced. Heating in the office is electric baseboard, while the warehouse can be heated with a propane heater. The warehouse boasts a ceiling height of 10 feet at the beam. Existing leases are net, with tenants responsible for utilities, garbage, and snow removal. The property's APN is 50-H11S3-001005, 50-H11S3-001-01K, and 73-H11S3-001-01K. Parcels will be subdivided prior to sale. This is an ideal opportunity for investors or developers seeking a versatile industrial property with immediate income potential and significant expansion possibilities.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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