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American Red Cross 29 New Commerce Blvd 60,880 SF Office Building Wilkes-Barre, PA 18706 $2,300,000 ($37.78/SF)


Investment Highlights
- Immediate Value Creation Opportunity
- Attractive Labor and Population Demographics
- Premier Northeastern Logistics Hub
- Proven Market Fundamentals
Executive Summary
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to arrange the sale of 29 New Commerce Boulevard (the “Property”), a 60,880 square foot flex facility located in Wilkes-Barre, Pennsylvania.
Currently occupied by the American Red Cross, which plans to vacate at the close of sale, the Property represents a compelling opportunity for immediate repositioning or redevelopment. Situated on a 7.40-acre parcel, the Property is zoned for industrial use and features four existing loading doors and two drive-in doors, providing significant flexibility for its future. This unique situation allows a new owner to immediately occupy the space, execute a value-add leasing strategy, or pursue a complete redevelopment into a modern logistics facility.
The Property is strategically positioned within the dynamic Wilkes-Barre market, boasting exceptional logistical advantages with immediate access to I-81, Route 11, and Route 29. Its location among distribution and manufacturing centers for global brands like Adidas, Chewy, Patagonia, and DHL Supply validates the area as a top-tier corporate destination. This powerful regional momentum is anchored by the neighboring Lehigh Valley, which was recently ranked as the #1 mid-sized market in the United States for economic development, underscoring the long-term growth potential of the asset’s location.
Currently occupied by the American Red Cross, which plans to vacate at the close of sale, the Property represents a compelling opportunity for immediate repositioning or redevelopment. Situated on a 7.40-acre parcel, the Property is zoned for industrial use and features four existing loading doors and two drive-in doors, providing significant flexibility for its future. This unique situation allows a new owner to immediately occupy the space, execute a value-add leasing strategy, or pursue a complete redevelopment into a modern logistics facility.
The Property is strategically positioned within the dynamic Wilkes-Barre market, boasting exceptional logistical advantages with immediate access to I-81, Route 11, and Route 29. Its location among distribution and manufacturing centers for global brands like Adidas, Chewy, Patagonia, and DHL Supply validates the area as a top-tier corporate destination. This powerful regional momentum is anchored by the neighboring Lehigh Valley, which was recently ranked as the #1 mid-sized market in the United States for economic development, underscoring the long-term growth potential of the asset’s location.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
60,880 SF
Building Class
B
Year Built
1979
Price
$2,300,000
Price Per SF
$37.78
Tenancy
Single
Building Height
1 Story
Typical Floor Size
60,880 SF
Building FAR
0.19
Lot Size
7.40 AC
Zoning
I-1 - General Industrial District
Parking
213 Spaces (3.5 Spaces per 1,000 SF Leased)
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 25-J9S1-001-005 | Improvements Assessment | $7,634,500 |
| Land Assessment | $676,300 | Total Assessment | $8,310,800 |
Property Taxes
Parcel Number
25-J9S1-001-005
Land Assessment
$676,300
Improvements Assessment
$7,634,500
Total Assessment
$8,310,800
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American Red Cross | 29 New Commerce Blvd
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