250 Pierce StKingston, PA 18704

Property Details for 250 Pierce St

Lot size

1.16 AC

Property type

Office properties

Property subtype

Office buildings

APN

34-G9SE3-023-35A

APU

34G9SE302335A

Description

Officenter 250, a Class B office building located at 250 Pierce St, Kingston, PA 18704, offers 31,000 square feet of versatile space. This three-story building, constructed in 1988 and renovated in 2022, features 51 suites suitable for traditional or medical office uses. Currently, 3,168 square feet are vacant, with available spaces ranging from 432 to 720 square feet. The property boasts 176 parking spaces and a single elevator, catering to the needs of multiple tenants. Its convenient location in Luzerne County provides easy access to major roadways including Interstates 81, 80, 380, and 84, as well as Routes 309, 315, and 115. The building is well-maintained and offers on-site support staff for maintenance and cleaning. The property is zoned for commercial use and is situated within the Wilkes-Barre Scranton submarket, offering a strategic location for businesses seeking a presence in the Allentown area. Flexible space configurations are possible, allowing for customization to meet specific business requirements. This is an excellent opportunity for businesses seeking adaptable and well-maintained office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,799,306

  6.5%

  $7,199,359

  7%

  $6,685,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,874,617

  Geo Method

  $6,602,250

• Alternative Use

  Use

  Valuation

  Residential

  $8,927,205

  Hospitality

  $8,177,272

  Educational

  $6,803,394

  Medical

  $7,037,374

  Retail

  $10,583,058

Location Insight

City

Kingston

County

Luzerne

State

Pennsylvania

Latitude

41.2636

Longitude

-75.8888

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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