101 Carleton AveHazleton, PA 18201

Property Details for 101 Carleton Ave

Lot size

13.86 AC

Property type

Warehouses

Property subtype

Self storage facilities

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

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