Property profile

100 Diamond Ave Hazleton, PA 18201

OFF-MARKET
Manufacturing properties
Property ID
US73-4020100
7.62 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Location

100 Diamond Ave Hazleton, PA 18201-5241
Hazleton metro Census 217200 SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.61M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.69M

Owner & transaction history

since 2021
Last sale
$5.5M
6 recorded transactions
2023
Price N/A
2021
$5.5M
2021
Price N/A
2016
Price N/A
2010
$300,000
2008
$82,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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