100 Diamond Ave Hazleton, PA 18201
- Manufacturing properties
- 7.62 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 100 Diamond Ave
- Lot size
- 7.62 lot acres
- Property type
- Manufacturing properties
- APN
- 71-T8SW21-006-001
- APU
- 71T8SW21006001
Description
This iconic five-story, 550,000-square-foot industrial building, formerly the world's largest silk mill, presents a unique opportunity in Hazleton, PA. Located at 100 E Diamond Ave, this Class B property offers multiple suites ranging from 8,000 to 150,000 contiguous square feet, with 200,000 square feet currently vacant. The building features impressive 14-foot ceiling heights, 20 loading docks, and ample parking for 130 vehicles. Power is supplied by a 400-amp, 120-240-volt, 3-phase system. Elevators are available. The property sits on 7.62 acres of land and is zoned G-1, allowing for light manufacturing, warehousing, and distribution. Its strategic location offers easy access to Interstates 80 and 81, providing seamless connectivity to major East Coast markets, including Scranton, Harrisburg, Lehigh Valley, Philadelphia, and New York City. The building's proximity to three major international airports within a two-hour radius further enhances its logistical advantages. This prime location, combined with competitive rental rates and expenses, makes this a compelling investment opportunity in one of the most affordable industrial markets in the country. The property boasts a rich history and offers modern amenities, making it an ideal space for a variety of industrial uses. The building's substantial floor plates (110,000 sq ft) provide flexibility for large-scale operations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,355,000
- 6.5%
- $5,710,000
- 7%
- $6,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,800,000
- Geo Method
- $5,885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,995,000
- Retail
- $4,235,000
- Mixed-Use
- $5,390,000
- Hospitality
- $5,765,000
- Educational
- $5,420,000
- Residential Income
- $4,745,000
- Energy
- $4,410,000
- Income-Based Land
- $4,945,000
- Food Service
- $5,395,000
Location Insight
- Map
- Local Demand
- City
- Hazleton
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.969
- Latitude
- 40.9599
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA