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    Property profile & analytics
    OFF-MARKET Estimated value $5,575,000
    Manufacturing properties

    100 Diamond Ave, Hazleton, PA 18201-5241

    7.62 ac lot
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US73-4020100
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group HEAVY MANUFACTURING
    Lot 7.62 ac (331,927 SF)
    APN 71-T8SW21-006-001
    UPID US73-4020100
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.61M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.58M
    Owner & transaction history
    Hazelton Estates LLC · 4 yrs held
    Hazelton Estates LLC
    since 2021
    Last sale
    $5.5M
    6 recorded transactions
    2023
    2021
    $5.5M
    2021
    2016
    2010
    $300,000
    2008
    $82,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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