Log In/Sign Up
Your email has been sent.
1130 PA Rte 315 1130 Highway 315 23,819 SF Office Building Wilkes Barre, PA 18702 $3,950,000 ($165.83/SF) 9.29% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility location with excellent regional access to highways ( I-81, PA Rte 315, PA Rte 115, PA Rte 309)
- Additional 6880 RSF available to lease provides income upside potential.
- Glass entry doors with glass atrium lobby provides ample natural light.
- 3 quality tenants (2 National, 1 Regional) with ample remaining term on leases provides income stability
- Large lighted pylon sign at frontage entrance. 200' of frontage on busy PA Rte 315.
- Many amenities nearby (restaurants, gas/convenience, hospitality, casino, etc.)
EXECUTIVE SUMMARY
Investment property with 4 quality tenants with substantial term remaining, occupying +/- 84% of the available rentable square feet. Financial information available upon request and submission of confidentiality agreement.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
23,819 SF
Building Class
B
Year Built/Renovated
2001/2025
Price
$3,950,000
Price Per SF
$165.83
Cap Rate
9.29%
NOI
$367,000
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,819 SF
Building FAR
0.34
Lot Size
1.60 AC
Zoning
B-3 - Commercial
Parking
80 Spaces (2.83 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Security System
- Signage
- Accent Lighting
- Central Heating
- Drop Ceiling
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 50-G11S1-004-002-000 | Total Assessment | $2,500,000 (2025) |
| Land Assessment | $480,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,020,000 (2025) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
50-G11S1-004-002-000
Land Assessment
$480,000 (2025)
Improvements Assessment
$2,020,000 (2025)
Total Assessment
$2,500,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1130 PA Rte 315 | 1130 Highway 315
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.