641 Pennsylvania AveWilkes-Barre, PA 18705

Property Details for 641 Pennsylvania Ave

Lot size

1.08 AC

Property type

Industrial properties

APN

73-H10NW3-005-001

APU

73H10NW3005001

Description

This Wilkes-Barre, PA industrial property, located at 641 N Pennsylvania Ave, offers a significant opportunity. The 25,025 square foot building sits on a 0.857-acre lot and features two suites. Currently, one suite of 10,690 square feet is occupied under a lease with approximately three years remaining. A substantial 14,335 square feet of contiguous space is immediately available for lease. The single-story building, constructed in 1900, boasts a 12-foot ceiling height, two dock-high doors, and two drive-in doors. Ample parking is provided with 35 spaces. The property is equipped with 600-amp power. Conveniently located off PA-309 Exit 2, this M-1 zoned property presents a versatile space for manufacturing or light industrial uses. The property's address is 641 N Pennsylvania Ave, Wilkes-Barre, PA 18705, with cross streets at Conyngham Avenue. The Luzerne County location offers easy access to major transportation routes. The property's parcel numbers are H10NW300501-73

• CAP approach

  CAP return

  Valuation

  6%

  $15,919,500

  6.5%

  $14,694,900

  7%

  $13,645,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,771,820

  Geo Method

  $9,835,040

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,586,560

  Mixed-Use / Specialty

  $7,599,760

  Hospitality / Lodging

  $5,628,110

  Office

  $7,596,540

  Institutional / Educational

  $7,915,070

  Residential Income

  $9,260,640

  Multifamily

  $10,883,600

  Automotive / Energy

  $6,784,350

  Parking / Income-Based Land

  $2,301,430

  Restaurant / Food Service

  $4,038,600

  Healthcare / Senior Housing

  $7,752,140

Location Insight

City

Wilkes Barre

County

Luzerne

State

Pennsylvania

Latitude

41.2539

Longitude

-75.8602

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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