4050 Henderson Rd Hickory, PA 15340-1433
This exceptional 128.96-acre property in Hickory, Pennsylvania (zip code 15340), offers a unique investment opportunity. Priced at $2,000,000, the fee-simple ownership includes a five-building light industrial complex totaling 20,200 square feet. Constructed between 1990 and 2018, these buildings are in average condition and currently 95% occupied by three tenants on short-term leases. A small portion of the land is leased for truck parking. Note that a perpetual easement grants Range Resources the right to operate a gas and oil well on approximately 20 acres. The remaining 97 acres comprise a former golf course zoned A-1 (Agriculture), presenting potential for future low-density agricultural or residential development. The single-story complex sits on a large lot and offers significant potential for redevelopment or repurposing given its size and location. The property's total square footage is 5,617,498 square feet. This presents a rare blend of existing income-generating assets and substantial undeveloped land with significant upside potential. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.