100 E Diamond Ave - Warehouse FOR SALE


Hazleton, PA 18201
$9,000,000 USD
484-796-1076
100 E Diamond Ave, Hazleton, PA for Sale
$9,000,000 USD
Warehouse - FOR SALE
1/25
null | 6.53% Cap Rate

100 E Diamond Ave
Hazleton, PA 18201


HIGHLIGHTS

  • 100 E Diamond Avenue presents an excellent opportunity for an owner/user seeking move-in-ready storage, warehousing, and manufacturing space.
  • Capitalize on convenient access to Harrisburg, the Lehigh Valley, Philadelphia, and New York City via easy Interstates 80 and 81 connectivity.
  • Building specs include 22 exterior dock doors, 6 drive-in doors, 12- to 17-foot ceiling heights, and 400-amp, 120/240-volt power.
  • Delivery trucks can reach approximately 60% of the nation’s population, as well as 40% of Canadian consumers, within a day's drive from the property.
  • Market orientated sellers. Recently reduced asking price to $9M. $588,000 NOI. High leasing velocity.

OVERVIEW

*SELLERS ARE MARKET ORIENTATED AND WILLING TO CONSIDER CREATIVE DEAL STRUCTURES. *ASKING PRICE RECENTLY REDUCED TO $9M. The historic Duplan Silk Mill at 100 E Diamond Avenue offers move-in-ready industrial warehouse space. Once home to the world's largest silk mill, this highly divisible five-story, 550,000-square-foot industrial facility remains a resonant industrial property within Hazleton, Pennsylvania. A 150,000-square-foot ground-level space is available for an owner/user, which is highly divisible and suitable for storage, warehousing, or manufacturing. Much of the rest of the facility is leased, providing rental income from the occupied space. Building specifications include a 12- to 17-foot ceiling heights, 22 exterior dock doors, 6 drive-in doors, fluorescent lighting, a wet sprinkler system, and a 400-amp, 120/240-volt, 3-phase power supply. The property is situated on 9.51 acres across four parcels with ample truck and employee parking. Positioned minutes from Interstates 80 and 81, 100 E Diamond Avenue provides seamless connections to Scranton, Harrisburg, the Lehigh Valley, Philadelphia, and New York City. The area can logistically reach over 50 million people within a four-hour drive. Additionally, the property is within two hours of the Lehigh Valley International, Newark Liberty, and Philadelphia International airports.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Duplan Silk Mill

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1899

UTILITIES

Water - City, Sewer - City, Heating - Oil (Fired)

CLEAR CEILING HT

17 Ft

DOCKS

22

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.51

LAND SF

414,256

ZONING

GI – General Industrial

APN/PARCEL ID

71-T8SW21-006-001-000

ASK ABOUT THIS PROPERTY

Mark McGarrityJackson Cross PartnersMore Info
484-796-1076

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Mark McGarrityJackson Cross PartnersMore Info
484-796-1076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.