For Sale
$14,000,000

101 Carleton AveHazleton, PA 18201

High-yield manufacturing facility, 185,100 SF.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 185,100-square-foot manufacturing facility located at 101 Carleton Avenue in Hazleton, Pennsylvania, 18201. The property, built in 1925 and extensively renovated between 1999 and 2021, sits on a 13.86-acre lot and is zoned for industrial use under Hazleton Township "1-2" Industrial Zoning, qualifying it as a Federal Opportunity Zone. The single-story building features a 40-foot ceiling height, two loading docks, and two dock-high doors. Currently operating as a pre-cast concrete manufacturing plant, this sale-leaseback opportunity offers a triple net (NNN) lease structure with a strong 9.25% cap rate and a net operating income (NOI) of $1,295,150. The asking price is $14,000,000, translating to a price per square foot of $75.63. The property is owned by Exceler Precast Concrete and offers a single tenancy. This is a rare chance to acquire a high-performing industrial asset with significant upside potential in a desirable location. The property's size, features, and strong financial performance make it an attractive investment for discerning buyers seeking a stable, high-yield return. The sale includes the land and building.

Highlights

  • 185,100 SF manufacturing facility on 13.86 acres in Hazleton, PA.
  • Built in 1925, extensively renovated (1999-2021).
  • Zoned I-2 Industrial, designated Federal Opportunity Zone.
  • Features 40' ceilings, two loading docks, and two dock-high doors.
  • Sale-leaseback opportunity with a NNN lease, 9.25% cap rate, and $1,295,150 NOI.

Property Details for 101 Carleton Ave

Property type
Industrial properties, Manufacturing properties
Square Feet
185,100 SF
Class
C
Year Built/Renovated
1925/1999
Buildings
1
Stories
1
Lot Size (sq. ft)
603,742 SF

Location Insight

City
Hazleton
County
Luzerne
State
Pennsylvania
Latitude
40.9406694
Longitude
-75.9780726
101 Carleton Ave, Hazleton, Pennsylvania

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101 Carleton Ave
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