100 Diamond AveHazleton, PA 18201

  • Industrial properties
  • 7.62 AC
For Lease
$5/SF/YR View listing

Property Details for 100 Diamond Ave

Lot size
7.62 AC
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
71-T8SW21-006-001
APU
71T8SW21006001

Description

This iconic five-story, 550,000-square-foot industrial building, formerly the world's largest silk mill, presents a unique opportunity in Hazleton, PA. Located at 100 E Diamond Ave, this Class B property offers multiple suites ranging from 8,000 to 150,000 contiguous square feet, with 200,000 square feet currently vacant. The building features impressive 14-foot ceiling heights, 20 loading docks, and ample parking for 130 vehicles. Power is supplied by a 400-amp, 120-240-volt, 3-phase system. Elevators are available. The property sits on 7.62 acres of land and is zoned G-1, allowing for light manufacturing, warehousing, and distribution. Its strategic location offers easy access to Interstates 80 and 81, providing seamless connectivity to major East Coast markets, including Scranton, Harrisburg, Lehigh Valley, Philadelphia, and New York City. The building's proximity to three major international airports within a two-hour radius further enhances its logistical advantages. This prime location, combined with competitive rental rates and expenses, makes this a compelling investment opportunity in one of the most affordable industrial markets in the country. The property boasts a rich history and offers modern amenities, making it an ideal space for a variety of industrial uses. The building's substantial floor plates (110,000 sq ft) provide flexibility for large-scale operations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $58,642,004
    Hospitality
    $53,715,760
    Educational
    $44,690,880
    Medical
    $46,227,868
    Retail
    $69,519,152
100 Diamond Ave, Hazleton, Pennsylvania

Location Insight

City
Hazleton
County
Luzerne
State
Pennsylvania
Latitude
40.9599
Longitude
-75.969
CBSA code
42540
CBSA name
SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,138
$148,600
$1,669,700
$1,818,300
-
$148,600
$1,669,700
$1,818,300

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