1300 Old Plank Rd

Mayfield, PA 18433

6.0 Bathroom
95,455 Square Footage
$8,350,000 List Price
For Sale Status
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6.0 Bathroom
95,455 Square Footage
$8,350,000 List Price
For Sale Status
Property DescriptionViews: 4 | Days: 36

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.

Details
Property Type: Commercial
Municipality: Mayfield Borough
School District: Lakeland
Property Sub Type: Industrial
County: Lackawanna
Sub Type More: Flex Space
Listing Type: For Sale
Number of Stories: 1.0
Year Built: 1973
Baths: 6.00
Square Feet: 95,455
Lot Size: 20
Zoning: Commercial
Parcel: 0641002000401
Parking:
  • Private 10+
  • Private Paved
More Details
Lot Description:
  • Level
Water:
  • Public
Waste:
  • Public
Heating:
  • Forced Air Gas
Cooling:
  • Central AC
Electrical Service:
  • Other - See Remarks
Ceiling Height: 31+,9' to 12'
Floors:
  • Ceramic Tile
Outside Feature:
  • Freestanding
Roof:
  • Built-Up
  • Rubber
Exterior:
  • Block
  • Brick
Driveway:
  • Asphalt
Possession: Negotiable,Settlement
Showings: Appointment Only,Call Listing Agent,Tenant Occupied,Text Listing Agent
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Listing History
2022-04-19
  • Listed
  • 22-1521
  • Commercial
  • $8,350,000
2022-01-24
  • Listing Removed
2021-08-24
  • Listed
  • 21-3893
  • Commercial
  • $9,650,000
2018-09-21
  • Sold
  • Commercial
  • $160,910
2018-09-25
  • Listed
  • 18-4602
  • Commercial
  • $21
Tax Record Report
Owner:
  • Neet Center Associates Llc
  • 1300 Old Plank Rd
  • Mayfield PA  18433
Date Acquired: 2017-01-11
Total Valuation: $525,000
Land Value: $68,000
Improved Value: $457,000
Est. Assessed Total Tax: $106,071
Est. Assessed County Tax: $30,146
Est. Assessed School Tax: $60,176
Est. Assessed Muni. Tax: $15,750
Municipality: Mayfield Borough
Muni. Code: 90
Dwelling Type: C06 COMMERCIAL OTHER
Instrument Number: 2017-00688
Dimensions: 19.62A
Consideration: $3,710,000

Kate Daye RuaneAgent

(302) 242-8781Phone

ERA One Source RealtyAgency

(570) 587-9999Office

Contact Us

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Courtesy: ERA One Source Realty

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