101 Carleton AveHazleton, PA 18201

Property Details for 101 Carleton Ave

Lot size

13.86 AC

Property type

Industrial properties

Property subtype

Other warehouses

APN

71-U8NW42-005-001

APU

71U8NW42005001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $106,663,936

  Hospitality

  $97,703,592

  Educational

  $81,288,240

  Medical

  $84,083,872

  Retail

  $126,448,376

Location Insight

City

Hazleton

County

Luzerne

State

Pennsylvania

Latitude

40.9407

Longitude

-75.9778

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].