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Executive Summary
Rich in local history as the longtime headquarters of The Herald, this iconic downtown landmark occupies a high-visibility corner lot featuring approximately 63 feet of frontage on East State Street and approximately 422 feet of frontage along South Dock Street. The property showcases an exceptionally solid masonry structure built to heavy-duty industrial standards, spanning approximately 21,750 sq. ft. of usable interior space, comprising of 2 floors totaling 14,500 sq. ft. of multi-level office suites.
The primary floor with entrance on S Dock St features multiple private offices, open bay, server & dark rooms, restroom facilities, intake front reception. The 2nd floor of office space features a conference room, lunch room, private office suites, newsroom bay, lobby, restrooms & access to 3rd floor. The 7,250 sq. ft. walk out lower-level warehouse/basement storage bay, 12 course high with steal beams, break room, locker & shower room, electrical room, storage cage, alarm fob system with Vector security. The elevator runs from walk out basement to the 2nd floor. The 3rd-floor mechanicals room housing central plant infrastructure is accessed via stairs & grants roof access.
Under C-2 General Commercial zoning, this prime corner site offers outstanding potential for a corporate headquarters, professional hub, or conversion into unique loft apartments and mixed-use living spaces (subject to municipal approvals and conditional use oversight). Strategically located in a targeted downtown revival corridor, qualifying developers and investors can leverage state and local incentive opportunities: including Pennsylvania Keystone Communities Grants, Commonwealth RACP funding, CDBG economic development loans, and LERTA property tax abatements to significantly offset renovation and redevelopment costs. Newer roof over the 2nd floor.
The primary floor with entrance on S Dock St features multiple private offices, open bay, server & dark rooms, restroom facilities, intake front reception. The 2nd floor of office space features a conference room, lunch room, private office suites, newsroom bay, lobby, restrooms & access to 3rd floor. The 7,250 sq. ft. walk out lower-level warehouse/basement storage bay, 12 course high with steal beams, break room, locker & shower room, electrical room, storage cage, alarm fob system with Vector security. The elevator runs from walk out basement to the 2nd floor. The 3rd-floor mechanicals room housing central plant infrastructure is accessed via stairs & grants roof access.
Under C-2 General Commercial zoning, this prime corner site offers outstanding potential for a corporate headquarters, professional hub, or conversion into unique loft apartments and mixed-use living spaces (subject to municipal approvals and conditional use oversight). Strategically located in a targeted downtown revival corridor, qualifying developers and investors can leverage state and local incentive opportunities: including Pennsylvania Keystone Communities Grants, Commonwealth RACP funding, CDBG economic development loans, and LERTA property tax abatements to significantly offset renovation and redevelopment costs. Newer roof over the 2nd floor.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,814 SF
Building Class
C
Year Built
1969
Price
$900,000
Price Per SF
$65.15
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,849 SF
Slab To Slab
10’
Building FAR
0.32
Lot Size
1.00 AC
Opportunity Zone
Yes
Parking
60 Spaces (4.34 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4-A-15 | Improvements Assessment | $63,750 |
| Land Assessment | $10,200 | Total Assessment | $73,950 |
Property Taxes
Parcel Number
4-A-15
Land Assessment
$10,200
Improvements Assessment
$63,750
Total Assessment
$73,950
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52 S Dock St


