Technical
Financial
Distress signals
Property profile

600 Sanders St Scranton, PA 18505

FOR SALE
Industrial properties
Property ID
US73-3795668
18.18 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 231,912-square-foot industrial property in Scranton, PA, presents a significant investment opportunity. Situated on 18.9 acres of land zoned I-L, this Class C building, constructed in 1942 and renovated in 2001, offers a unique blend of manufacturing, warehouse, and R&D space. Currently, 210,000 square feet are vacant, providing ample room for expansion or customization. The property boasts impressive features including 16.5-foot ceiling heights throughout the warehouse area (with select areas reaching 21 feet), nine loading docks (three exterior, five interior, and one interior), four drive-in bays, and ample parking for over 80 vehicles, with significant additional land available for expansion. The robust power supply of 9500A 3P Heavy is a key advantage, further enhanced by existing company-owned infrastructure resulting in significantly reduced utility costs (approximately $4.9/kWh). The building also includes approximately 14,000 square feet of two-story Class B office space, complete with boardrooms and seven employee break rooms with bathrooms. A high-bay area of 4,000 square feet with 30-foot clear heights offers additional rack-able space. Its convenient location near I-81 provides easy access to major transportation routes. This property is ideal for a variety of industrial uses and presents a compelling opportunity for a discerning buyer. The property's address is 600 Sanders St, Scranton, PA 18505.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 18.18 ac (791,921 SF)
APN 16718010004
UPID US73-3795668

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
  • Factory Production Facility
  • General Contractor Renovation Specialist
  • General Contractor Renovation Specialist
  • General Contractor Renovation Specialist

Location

600 Sanders St Scranton, PA 18505
Scranton metro Census 102900 SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.95M

Owner & transaction history

since 2023
Last sale
$4.9M
5 recorded transactions
2023
$4.9M
2020
Price N/A
2019
Price N/A
2007
$2.4M
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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