1300 Old Plank Rd
1300 Old Plank Rd Mayfield, Pennsylvania 18433 United States

$8,350,000
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Greater Scranton Board of Realtors

$8,350,000
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19.62 Acres
Exterior
Commercial
Property Type
22-1521
Web Id
22-1521
MLS ID
Lakeland
School District

About 1300 Old Plank Rd

You have to see this building to believe it's beauty and potential. Amazing investment opportunity with option to purchase with ONLY 5% DOWN for most buyers! Perfect to buy and hold as a commercial leasing space for large annual profit or this building is ideal to owner-occupy for just about any business imaginable. SPECIAL NOTE: THE REAP CERTIFICATION ON THIS BUILDING ALLOWS NEW OWNER TO QUALIFY FOR 16.5M IN SBA LOANS. CONTACT AGENT FOR INFO. ADDITIONAL LOW-INTEREST 35-YEAR USDA FUNDING AVAIL FOR QUALIFIED NON-PROFITS. This Nearly 100,000 sq ft 'state of the art' building was designed as an international research & conference center. With one of the most impressive atriums in the region, it hosts A+ long term tenants and features an upscale cafeteria/restaurant, an auditorium with classrooms, 5 laboratories with lab support spaces, 3 conference rooms, 35 enclosed offices, a loading dock, production/projection rooms, a library & a restored greenhouse. The 18.6 acre parcel offers 268 paved parking spots, a walking trail along the Lackawanna River, and is easily accessible to highways. The building is currently 85% leased with room for growth. Most tenants are M2M to allow for increases or contract negotiations depending what buyer desires. Multiple additional income possibilities currently in the works. Contact the listing agent for continual eco-friendly upgrades such as an LED lighting upgrade later this year. The area continues to see immense new development, set to incrementally appreciate this property value. The most recent proposed projects include Industrial parks, Sheetz, Starbucks, Chipotle & a Farmer's Market. Current tenants include The Friendship House, Absolute Genetics, Denso Corporation, USDA, American Cancer, AgriHemp Industries, Med Staffers, Alma Health & AgriLabs Analaytical.

Property Details

Parking Description
Private 10+, Private Paved
Property Features
Emergency Lighting, Handicap Features, Smoke/Fire Alarm, Prime Location, Loading Docks, Fire Alarm, Exterior Lighting

Exterior

Roofing
Built-Up, Rubber
Listing Courtesy of ERA One Source Realty

Greater Scranton Board of Realtors

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