101 Carleton Ave Hazleton, PA 18201-7321
- Warehouses
- 13.86 lot acres
Dec 30, 2020
Current Use by Public Records
- Warehouses
Property Details for 101 Carleton Ave
- Lot size
- 13.86 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 71-U8NW42-005-001
- APU
- 71U8NW42005001
Description
This exceptional investment opportunity presents a 185,100-square-foot manufacturing facility located at 101 Carleton Avenue in Hazleton, Pennsylvania, 18201. The property, built in 1925 and extensively renovated between 1999 and 2021, sits on a 13.86-acre lot and is zoned for industrial use under Hazleton Township "1-2" Industrial Zoning, qualifying it as a Federal Opportunity Zone. The single-story building features a 40-foot ceiling height, two loading docks, and two dock-high doors. Currently operating as a pre-cast concrete manufacturing plant, this sale-leaseback opportunity offers a triple net (NNN) lease structure with a strong 9.25% cap rate and a net operating income (NOI) of $1,295,150. The asking price is $14,000,000, translating to a price per square foot of $75.63. The property is owned by Exceler Precast Concrete and offers a single tenancy. This is a rare chance to acquire a high-performing industrial asset with significant upside potential in a desirable location. The property's size, features, and strong financial performance make it an attractive investment for discerning buyers seeking a stable, high-yield return. The sale includes the land and building.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,395,000
- ML approach
- $4,640,000
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Location Insight
- Map
- Local Demand
- City
- Hazleton
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.9778
- Latitude
- 40.9407
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
