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Wagner Lumber 158 La Barre St 92,000 SF 100% Leased Industrial Building Hancock, NY 13783 $1,500,000 ($16.30/SF)

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INVESTMENT HIGHLIGHTS

  • 17 acres
  • 50,000 main building and 42,000sf additional space via ancillary buildings.
  • 92,000 plus SF total of all buildings

EXECUTIVE SUMMARY

Industrial Complex in Upstate New York now available for sale.
An expansive 17.25 acre property (with an adjacent 19 acres available), it is zoned "Industrial". Operated as a sawmill and lumber production/drying facility for decades, it  includes several paved road accesses, 3 phase electric, municipal water & sewer and natural gas. Mostly level, there is a significant area of paved and gravel surfaces and a drainage system. Heavy truck access has been accommodated for years and the property facilitates truck staging and employee parking well.
Significant Industrial Buildings
As a former saw mill and lumber drying facility, many buildings already exist. A 50,000 square foot steel on concrete building has the largest layout and includes multiple large bay door accesses, loading docks, multiple levels and a sawdust evacuation system. 42,000 sf of additional buildings, including office, makes 92,000 sf.
Numerous ancillary buildings exist and are well maintained. They include- 5,000 sf dry kilns heated by an on-site natural gas boiler, several dry/cold storage pole barns, a 13,000 sf lumber packaging building, 15,000 sf dry storage & kiln, 1,500 sf equipment maintenance building and 2,300 sf office building.
Potential Uses
Subject to municipal approval, possible uses include: Warehousing; Manufacturing; Television and Movie Film Studio (this is larger than some film studios in Los Angeles); Amazon Warehouse, Amazon Resale, Amazon Flex warehousing/distribution; downstream wood industry manufacturing; Bluestone processing; transload facility; storage; general distribution; corporate park; lease/sublease.
Site Location
Good access that takes you everywhere. Within minutes of NY State Route 17/Interstate 86, NYS Route 97 and Pennsylvania State Routes 191 and 370. This location provides access to the NY City metropolitan and Northern New Jersey areas (2.5 hr drive), Binghamton, NY and Interstate 81 (under 1 hr), Syracuse, NY (under 2 hr), Scranton, Pa (1 hr 15 min), Philadelphia, Pa (3 hr 15 min). An active railroad is adjacent (across the street) and had a siding in place at one time. An existing sidetrack agreement is understood to still exist. An adjacent 19 acres of vacant industrial land is available if desired. The property is deed restricted against hardwood lumber production.
Area Benefits
The Hancock, Delaware County, NY area is located in the Southern Tier of New York and the Catskill Mountains. The mining and production of Bluestone is a major industry in Hancock. The timber industry is dominant here so downstream forest product manufacturing would be an ideal use. The geology is heavy to the Marcellus Shale and Utica Shale formations. In fact, Hancock, NY is just a few dozen miles from the natural gas drilling activities in neighboring Pennsylvania. Natural gas drilling is a heavy water-using industry. The site also has frontage on the East Branch Delaware River. This property is situated well to take advantage of future development in the Southern Tier region and the relocation of manufacturing.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $39,000 $0.42
Operating Expenses - -
Total Expenses $39,000 $0.42

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $39,000
Annual Per SF $0.42
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $39,000
Annual Per SF $0.42

PROPERTY FACTS

Price $1,500,000
Price Per SF $16.30
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 17.25 AC
Rentable Building Area 92,000 SF
No. Stories 2
Year Built 1975
Parking Ratio 0.54/1,000 SF
No. Dock-High Doors/Loading 5
Zoning Industrial - Multiple opportunities.

AMENITIES

  • Front Loading
  • Storage Space
  • Smoke Detector

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
123601-439-006-0001-001-110
Land Assessment
$30,000
Improvements Assessment
$102,475
Total Assessment
$132,475
Annual Taxes
$39,000 ($0.42/SF)
Tax Year
2024
  • Listing ID: 35365691

  • Date on Market: 4/3/2025

  • Last Updated:

  • Address: 158 La Barre St, Hancock, NY 13783

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