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    FOR SALE
    Distribution centers

    40 Poplar St, Scranton, PA 18509

    86,662 SF 8.5 ac lot Built 1970
    Entity Owned 1-yr Hold
    Property ID
    US73-4026115
    Property summary
    AI-generated overview

    This exceptional 87,000-square-foot industrial property, located at 40 Poplar Street in Scranton, Pennsylvania's Pinebrook neighborhood, presents a compelling investment opportunity for owner-users or investors. The Class B building, constructed in 1970, sits on 8.5 acres and offers two units totaling 86,662 net rentable square feet across two stories. The property features eight loading docks, a convenient interior truck loading bay, and ample truck yard space. Ceiling heights range from 24 feet, providing substantial vertical clearance. The building boasts 1200 amp power. The interior space is divisible into three sections (approximately 20,000, 27,000, and 40,000 square feet), offering flexibility for various operational needs. The 40,000-square-foot section includes approximately 33,000 square feet of open warehouse space and 7,000 square feet of office and mezzanine storage. The property is zoned for industrial use and is offered for sale at $4,900,000. Its strategic location provides easy access to the greater Northeast Corridor, making it an ideal location for businesses seeking a central hub within the Scranton metro area. The property's proximity to a readily available workforce further enhances its appeal.

    Property profile
    Verified
    Property type Distribution centers
    Year built 1970
    Total area 86,662 SF
    Lot 8.5 ac (370,260 SF)
    UPID US73-4026115
    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
    Current use
    Occupant on record · Public records
    • Quaker Maid Cabinetry General Contractor Renovation Specialist
    • Sweeney's Beach Garden Center Landscaping
    • Shareco renewables LLC Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Ajt Properties LLC · 1 yrs held
    Ajt Properties LLC
    since 2024
    2 recorded transactions
    2024
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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