20 Unico DrWest Hazleton, PA 18202

Property Details for 20 Unico Dr

Lot size

2.25 AC

Property type

Industrial properties

Property subtype

Other industrial properties

APN

63-T7S7-001-024

APU

63T7S7001024

Description

This exceptional investment opportunity presents a fully leased, 25,000-square-foot flex/warehouse property located at 20 Unico Drive in West Hazleton, Pennsylvania. The property, built in 1989 with an expansion in 1992, sits on a 4.24-acre lot and boasts a 9% cap rate, offering a strong return on investment. Currently operating under a triple-net (NNN) lease with a single tenant, the lease has a remaining term of six years, extending through December 2029, ensuring consistent cash flow. The building features one loading dock and one dock-high door, catering to efficient logistics. The warehouse roof underwent improvements in March 2023. Zoned M2 – General Manufacturing/Industrial District, this property benefits from its strategic location, providing easy access to major transportation arteries including I-80 and I-81, facilitating seamless connectivity to key markets such as Wilkes-Barre/Scranton, Harrisburg, the Lehigh Valley, Philadelphia, and New York City. The asking price is $2,270,000 and is structured for a 1031 exchange sale, making it an attractive option for investors seeking tax-advantaged transactions. The property's strong occupancy rate (100%) and long-term lease contribute to its financial stability and appeal. Detailed lease abstracts are available upon request with a signed confidentiality agreement.

• Alternative Use

  Use

  Valuation

  Residential

  $17,315,562

  Hospitality

  $15,860,962

  Educational

  $13,196,134

  Medical

  $13,649,970

  Retail

  $20,527,320

Location Insight

City

West Hazleton

County

Luzerne

State

Pennsylvania

Latitude

40.9723

Longitude

-76.0191

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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