1 Passan DrKorn Krest, PA 18702

  • Warehouses
  • 8.46 AC

Property Details for 1 Passan Dr

Lot size
8.46 AC
Property type
Warehouses
APN
36-F11-00A-12A
APU
36F1100A12A

Description

This single-story, 52,500-square-foot industrial building in Wilkes-Barre, PA, offers a unique opportunity. Located in the Northeast Pennsylvania I-81 corridor, this Class C property boasts 18,750 square feet of immediately available space. Built in 1972 and renovated in 1982, the building features 23'-30' ceiling heights, perfect for various industrial uses. The property includes 20 loading docks and 2 drive-ins, ensuring efficient material handling. Power is supplied by a 400 amp, 3-phase, 120/240-volt system. Situated on 56.88 acres, the property is zoned for industrial use and is conveniently located at 1 Passan Dr, Korn Krest, PA 18702. The building is divided into two suites, offering flexibility for multiple tenants. While elevators are not present, the single-story design facilitates easy access. This prime location within the I-81 corridor provides excellent access to major transportation routes. The property's size and features make it ideal for manufacturing and warehousing operations. This is a rare opportunity to acquire a substantial industrial property in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $97,315,032
    Hospitality
    $89,140,040
    Educational
    $74,163,472
    Medical
    $76,714,064
    Retail
    $115,365,400

Location Insight

City
Wilkes Barre
County
Luzerne
State
Pennsylvania
Latitude
41.2929
Longitude
-75.802
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
$57,593
$253,800
$1,908,500
$2,162,300
-
$253,800
$1,908,500
$2,162,300

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