52 S Dock St - Office FOR SALE


Sharon, PA 16146
$900,000 USD
330-576-8580
52 S Dock St, Sharon, PA for Sale
$900,000 USD
Office - FOR SALE
1/64
null | Request Cap Rate

52 S Dock St
Sharon, PA 16146


HIGHLIGHTS

  • Prime corner lot with ample street frontage. Solid construction with approx 14,500 sf office/flex space & additional 7,250 sf warehouse storage space.

OVERVIEW

Rich in local history as the longtime headquarters of The Herald, this iconic downtown landmark occupies a high-visibility corner lot featuring approximately 63 feet of frontage on East State Street and approximately 422 feet of frontage along South Dock Street. The property showcases an exceptionally solid masonry structure built to heavy-duty industrial standards, spanning approximately 21,750 sq. ft. of usable interior space, comprising of 2 floors totaling 14,500 sq. ft. of multi-level office suites. The primary floor with entrance on S Dock St features multiple private offices, open bay, server & dark rooms, restroom facilities, intake front reception. The 2nd floor of office space features a conference room, lunch room, private office suites, newsroom bay, lobby, restrooms & access to 3rd floor. The 7,250 sq. ft. walk out lower-level warehouse/basement storage bay, 12 course high with steal beams, break room, locker & shower room, electrical room, storage cage, alarm fob system with Vector security. The elevator runs from walk out basement to the 2nd floor. The 3rd-floor mechanicals room housing central plant infrastructure is accessed via stairs & grants roof access. Under C-2 General Commercial zoning, this prime corner site offers outstanding potential for a corporate headquarters, professional hub, or conversion into unique loft apartments and mixed-use living spaces (subject to municipal approvals and conditional use oversight). Strategically located in a targeted downtown revival corridor, qualifying developers and investors can leverage state and local incentive opportunities: including Pennsylvania Keystone Communities Grants, Commonwealth RACP funding, CDBG economic development loans, and LERTA property tax abatements to significantly offset renovation and redevelopment costs. Newer roof over the 2nd floor.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C2

APN/PARCEL ID

4-A-15

ASK ABOUT THIS PROPERTY

Malinda KoncarBerkshire Hathaway HomeServices Stouffer RealtyMore Info
330-576-8580

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Malinda KoncarBerkshire Hathaway HomeServices Stouffer RealtyMore Info
330-576-8580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.