1300 Old Plank Rd, Mayfield, PA

Name: 1300 Old Plank Rd, For Sale in Mayfield - Zoocasa
Brand: Revolve Real Estate
SKU: SC263650
Price: 8999999 USD

House

For Sale

Listed price in listed location currency (USD).

$8,999,999

00268

MLS® SC263650

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 95455 sqft

Garage Yes

Taxes $120,850

Days Active 20

Lot Size 7.5 Acres

Approx. Age 1973

Avg. Price Per Sqft $94

MLS® Number SC263650

Property Address: 1300 Old Plank Rd, Mayfield, PA, 18433-1973

Average square foot calculated using Size range provided by listing agent.

Description

A rare opportunity to acquire a state-of-the-art, institutional-grade commercial campus originally designed as an international research and conference center. The property is almost fully occupied by six A+ long-term tenants and offers strong in-place income with three vacancies providing immediate value-add potential. Stabilized NOI is projected at 890K supporting an anticipated stabilized cap rate of 10 percent.. The property was recently appraised at 9.4 million and is offered at an attractive basis of approximately 94/psf. Purpose-built for innovation, education and large-scale collaboration, the facility features an upscale cafeteria/restaurant, auditorium with classrooms, five laboratories with dedicated lab-support areas, three conference rooms, 35 enclosed offices, a library, production and projection rooms, loading dock and a beautifully restored greenhouse. The flexible configuration is well suited for research, healthcare, education, corporate, government, nonprofit, professional-service and light-industrial users.A recently completed energy-efficiency improvement exceeding 100K converted the property's lighting to LED, enhancing operational efficiency and reducing future capital needs.The 7+ acre campus includes approximately 268 paved parking spaces and a walking trail along the Lackawanna River, offering an amenity-rich environment for tenants, employees and visitors. Convenient highway access connects the property to the greater Northeastern Pennsylvania region.Positioned within a rapidly evolving corridor benefiting from expanding institutional, industrial, logistics and infrastructure investment, this area is poised for continued demand and long-term appreciation. The combination of specialized construction, diversified tenancy, below-replacement-cost pricing and significant upside makes this an exceptional acquisition opportunity.Contact Kate for link to more info and financials.

MLS® NumberSC263650

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1973

Basement

Driveway

Garage Spaces

HeatNatural Gas

A/CCentral Air

Extras

Map

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