1605 Old Route 18 Wampum, PA 16157
- Warehouses
- 2,500,000 SF
- 7.00 lot acres
Current Use by Public Records
- Homak Manufacturing / Manufacturer
- Romar Textile Co / Fabric Store
- HMC Financing LLC / Financial Planner
- Access - Scanning, Records Storage, and Document Management / Records Storage Facility / Data Recovery Service
Property Details for 1605 Old Route 18
- Lot size
- 7.00 lot acres
- Property size
- 2,500,000 SF
- Property type
- Warehouses
- APN
- 17-054700
- APU
- 17054700
Description
This exceptional industrial property, the Wampum Underground Commerce Center, offers 2,500,000 square feet of secure, climate-controlled space in Wampum, Pennsylvania. Located minutes from the Pennsylvania Turnpike in Southern Lawrence County, this unique underground facility boasts consistent temperature and humidity, resulting in significantly lower operating costs. Currently, 635,000 square feet of space is available, divisible into units ranging from 10,000 to 230,000 contiguous square feet. The property sits on a substantial 318-acre lot and was originally built in 1870, undergoing extensive renovations in 2020. The flexible space caters to various needs, from raw storage to built-to-suit assembly areas. This prime location, coupled with the facility's unique climate-controlled environment and planned expansion of over 600,000 square feet, presents a rare opportunity for businesses seeking efficient and cost-effective industrial space. The property is multi-tenant and offers a variety of uses including flex space, warehouse, distribution, and R&D. This is an ideal location for companies seeking a secure, climate-controlled environment with easy access to major transportation routes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,800,000
- 6.5%
- $9,490,000
- 7%
- $9,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,150,000
- Geo Method
- $10,240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,020,000
- Retail
- $11,125,000
- Mixed-Use
- $9,085,000
- Hospitality
- $9,550,000
- Educational
- $9,900,000
- Residential Income
- $8,255,000
- Energy
- $9,535,000
- Income-Based Land
- $8,500,000
- Food Service
- $10,070,000
Location Insight
- Map
- Local Demand
- City
- Wampum
- County
- Lawrence
- State
- Pennsylvania
- Longitude
- -80.3304
- Latitude
- 40.8744
- CBSA code
- 35260
- CBSA name
- NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA