Property profile

200 Broad St Hazleton, PA 18202

OFF-MARKET
Parking lots & garages
Property ID
US73-2485813
0.23 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 200 W Broad Street in Hazleton, Pennsylvania, offers a unique investment opportunity. The building, originally constructed in 1980 for PNC Bank, boasts a prominent location on a high-traffic street with signalized intersections, ensuring maximum visibility and accessibility. Spanning 8,050 square feet across two floors, the building provides ample space for a variety of commercial uses. The property includes a convenient 30-space on-site parking lot, eliminating parking concerns for both employees and customers. Significant recent improvements enhance the property's value and functionality. A new roof, complete with a warranty extending to 2040, ensures long-term protection and reduces maintenance costs. Furthermore, the HVAC system, installed in 2018 and diligently maintained with quarterly servicing, guarantees a comfortable and efficient environment year-round. The 0.46-acre lot provides ample space and potential for future expansion or outdoor amenities. This well-maintained building presents a rare opportunity to acquire a high-quality commercial property in a desirable location, making it an ideal investment for discerning buyers. The asking price is $1,600,000.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.23 ac (10,019 SF)
APN 71-T8SW31-007-003
UPID US73-2485813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pet Grooming Service
  • Loan Service Bank
  • Bank Loan Service
  • Auto Repair Shop
  • Hardware & Home Improvement Kitchen & Bath Showroom

Location

200 Broad St Hazleton, PA 18202-3814
Hazleton metro Census 217200 SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

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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