29 New Commerce Blvd - Medical FOR SALE


Wilkes-Barre, PA 18706- Outer Wilkes-Barre
$2,300,000 USD
610-639-1822
29 New Commerce Blvd, Wilkes-Barre, PA for Sale
$2,300,000 USD
Medical - FOR SALE
1/2
null | Request Cap Rate

29 New Commerce Blvd
Wilkes-Barre, PA 18706
Outer Wilkes-Barre


HIGHLIGHTS

  • Immediate Value Creation Opportunity
  • Premier Northeastern Logistics Hub
  • Attractive Labor and Population Demographics
  • Proven Market Fundamentals

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to arrange the sale of 29 New Commerce Boulevard (the “Property”), a 60,880 square foot flex facility located in Wilkes-Barre, Pennsylvania. Currently occupied by the American Red Cross, which plans to vacate at the close of sale, the Property represents a compelling opportunity for immediate repositioning or redevelopment. Situated on a 7.40-acre parcel, the Property is zoned for industrial use and features four existing loading doors and two drive-in doors, providing significant flexibility for its future. This unique situation allows a new owner to immediately occupy the space, execute a value-add leasing strategy, or pursue a complete redevelopment into a modern logistics facility. The Property is strategically positioned within the dynamic Wilkes-Barre market, boasting exceptional logistical advantages with immediate access to I-81, Route 11, and Route 29. Its location among distribution and manufacturing centers for global brands like Adidas, Chewy, Patagonia, and DHL Supply validates the area as a top-tier corporate destination. This powerful regional momentum is anchored by the neighboring Lehigh Valley, which was recently ranked as the #1 mid-sized market in the United States for economic development, underscoring the long-term growth potential of the asset’s location.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

American Red Cross

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

213

LAND DETAILS

LAND ACRES

7.4 AC

LAND SF

322,344 SF

ZONING

I-1

APN/PARCEL ID

25-J9S1-001-005-000

ASK ABOUT THIS PROPERTY

610-639-1822

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610-639-1822

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