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100 E Diamond Ave
550,000 SF 51% Leased Industrial Building Hazleton, PA 18201 $10,450,000 ($19/SF)
INVESTMENT HIGHLIGHTS
- 100 E Diamond Avenue presents an excellent opportunity for an owner/user seeking move-in-ready storage, warehousing, and manufacturing space.
- Building specs include 12 exterior dock doors, six drive-in doors with levelers, 12- to 25-foot ceiling heights, and 400-amp, 120/240-volt power.
- Receive support from a highly skilled and easily accessible surrounding workforce with nearly 13,000 warehouse employees living within 10 miles.
- Capitalize on convenient access to Harrisburg, the Lehigh Valley, Philadelphia, and New York City via easy Interstates 80 and 81 connectivity.
- Delivery trucks can reach approximately 60% of the nation’s population, as well as 40% of Canadian consumers, within a day's drive from the property.
EXECUTIVE SUMMARY
The historic Duplan Silk Mill at 100 E Diamond Avenue offers move-in-ready industrial warehouse space featuring impressive ceiling heights and quick interstate access. Once home to the world's largest silk mill, this highly divisible five-story, 550,000-square-foot industrial facility remains a significant manufacturing and distribution point in Hazleton, Pennsylvania.
A 150,000-square-foot ground-level space is available for an owner/user, which is highly divisible and suitable for storage, warehousing, or manufacturing. The remained of the facility is leased, providing rental income from occupied space. Building specifications include a 12- to 25-foot ceiling heights that slope to 30 feet in some areas, 12 exterior dock doors with levelers, six drive-in doors, fluorescent lighting, a wet sprinkler system, and a 400-amp, 120/240-volt, 3-phase power supply. Additional dock doors can be added. The property is situated on 7.62 acres with ample truck and employee parking.
Positioned minutes from Interstates 80 and 81 connectivity, 100 E Diamond Avenue provides seamless connections to Scranton, Harrisburg, the Lehigh Valley, Philadelphia, and New York City. While neighboring the two largest cities on the East Coast, Philadelphia, and New York City, logistically reach over 50 million people within a four-hour drive. Additionally, the property is within two hours of the Lehigh Valley International, Newark Liberty, and Philadelphia International airports.
A 150,000-square-foot ground-level space is available for an owner/user, which is highly divisible and suitable for storage, warehousing, or manufacturing. The remained of the facility is leased, providing rental income from occupied space. Building specifications include a 12- to 25-foot ceiling heights that slope to 30 feet in some areas, 12 exterior dock doors with levelers, six drive-in doors, fluorescent lighting, a wet sprinkler system, and a 400-amp, 120/240-volt, 3-phase power supply. Additional dock doors can be added. The property is situated on 7.62 acres with ample truck and employee parking.
Positioned minutes from Interstates 80 and 81 connectivity, 100 E Diamond Avenue provides seamless connections to Scranton, Harrisburg, the Lehigh Valley, Philadelphia, and New York City. While neighboring the two largest cities on the East Coast, Philadelphia, and New York City, logistically reach over 50 million people within a four-hour drive. Additionally, the property is within two hours of the Lehigh Valley International, Newark Liberty, and Philadelphia International airports.
PROPERTY FACTS
| Price | $10,450,000 | Rentable Building Area | 550,000 SF |
| Price Per SF | $19 | No. Stories | 5 |
| Sale Type | Investment or Owner User | Year Built | 1899 |
| Property Type | Industrial | Clear Ceiling Height | 25’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 12 |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 11.02 AC |
| Price | $10,450,000 |
| Price Per SF | $19 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 11.02 AC |
| Rentable Building Area | 550,000 SF |
| No. Stories | 5 |
| Year Built | 1899 |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 6 |
AMENITIES
- Property Manager on Site
UTILITIES
- Water - City
- Sewer - City
- Heating - Oil (Fired)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl - A
- 20,000 SF
- Industrial
- Full Build-Out
- Now
- 1st Fl - D
- 20,000 SF
- Industrial
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl - A | 20,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - B | 155,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - C | 28,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - D | 20,000 SF | Industrial | Full Build-Out | Now |
| 3rd Fl - E | 45,000 SF | Industrial | Full Build-Out | Now |
1st Fl - A
| Size |
| 20,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - B
| Size |
| 155,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - C
| Size |
| 28,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - D
| Size |
| 20,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl - E
| Size |
| 45,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl - B
| Size | 155,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
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1st Fl - C
| Size | 28,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
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3rd Fl - E
| Size | 45,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Philadelphia
1,584,138
96
2 h 9 m
New York
8,398,748
130
2 h 45 m
Washington
702,455
196
4 h 10 m
Boston
694,583
332
6 h 46 m
Columbus
892,533
441
8 h 12 m
Charlotte
872,498
554
10 h 26 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
88,481
Total Labor Force
42,077
Unemployment Rate
5.48%
Median Household Income
$55,227
Warehouse Employees
11,910
High School Education Or Higher
86.60%
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Vesuvio Pizzeria & Restaurant | Pizza | $ | 9 min walk |
| Frankies Pizzeria Restaurant | Pizza | $ | 11 min walk |
| El Tio Restaurant | Spanish | $ | 11 min walk |
| Second Base | Latin American | - | 16 min walk |
RETAIL |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 6 min walk |
| Truist | Bank | 13 min walk |
| PNC Bank | Bank | 14 min walk |
HOTELS |
|
|---|---|
| Red Roof Inn |
75 rooms
5 min drive
|
| Residence Inn |
92 rooms
8 min drive
|
| Fairfield Inn |
100 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,607,300 | |
| Land Assessment | $603,500 | Total Assessment | $4,210,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$603,500
Improvements Assessment
$3,607,300
Total Assessment
$4,210,800
ZONING
| Zoning Code | GI – General Industrial (Principal uses include light manufacturing, warehousing and distribution of goods) |
| GI – General Industrial (Principal uses include light manufacturing, warehousing and distribution of goods) |
ABOUT THE SELLER
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100 E Diamond Ave
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