426 Airport RdHazle Township, PA 18202

Property Details for 426 Airport Rd

Lot size

7.45 AC

Property type

Office properties

Property subtype

Office buildings

APN

26-S7-00A-01C

APU

26S700A01C

Description

Exceptional medical office space for lease in Hazleton's thriving Beltway Commons. This single-story, 49,000 square foot complex offers multiple tenancy options, with two immediately available suites: 1,700 and 2,936 square feet. Ideal for a variety of medical practices, including but not limited to: physical therapy, dental, eye care, podiatry, psychology, and legal services. Each suite boasts desirable features such as reception areas, private offices, exam rooms, conference rooms, kitchenettes, and private restrooms. The building sits on a spacious 7.45-acre lot and includes 200 parking spaces. Conveniently located on Airport Road near 426 Airport Road, this property benefits from high visibility with pylon signage and an EMS board. Public transportation provides easy access to downtown Hazleton. The location is strategically positioned near major businesses, including Walmart, Laurel Mall, Penn State Hazleton Campus, and various auto dealerships and banks. Existing tenants include reputable businesses such as Geisinger offices, the Kidney Center, Sanzi Chiropractic, Sundance Vacations, and Broad Street Deli. The building is zoned B-2 (General Commercial) and has an APN of S700A01C-26 in Pennsylvania's Hazleton submarket. Ceiling height is 11 feet. Lease rates are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $50,089,972

  6.5%

  $46,236,896

  7%

  $42,934,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,884,194

  Geo Method

  $42,402,044

• Alternative Use

  Use

  Valuation

  Residential

  $57,333,752

  Hospitality

  $52,517,408

  Educational

  $43,693,868

  Medical

  $45,196,564

  Retail

  $67,968,240

Location Insight

City

Hazle Township

County

Luzerne

State

Pennsylvania

Latitude

40.9916

Longitude

-76.006

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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