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    OFF-MARKET
    Warehouses

    1038 15th St, Franklin, PA 16323-2109

    2.82 ac lot
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US73-3421232
    Property summary
    AI-generated overview

    This exceptional 12,350-square-foot industrial warehouse, located at 1038 15th Street in Franklin, Pennsylvania, presents a unique investment opportunity. Classified as a Class B property, this single-tenant building boasts a flexible design suitable for warehouse, distribution, or flex space uses, as reflected in its B-1 zoning. Constructed in 1966, the building is surprisingly well-maintained and features radiant heat, energy-efficient LED lighting, and superior insulation, contributing to significant operational cost savings. The property offers more than adequate parking for employees and clients. Access is facilitated by conveniently located overhead doors. The building's impressive 597-foot frontage provides excellent visibility and accessibility. The building's history as a former armory speaks to its robust construction and enduring quality. A security deposit will be determined upon negotiation. The property's CO-INDEX is 26,007-003-000. This is a must-see property for discerning investors seeking a well-maintained, functional industrial space in a prime Franklin location. The property is situated on a single story, offering ease of access and efficient workflow.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Lot 2.82 ac (122,839 SF)
    APN 26,007.-003..-000
    UPID US73-3421232
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Groupe Eth Nor LP · 17 yrs held
    Groupe Eth Nor LP
    since 2008
    2 recorded transactions
    2008
    $260,000
    2005
    $235,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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