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Adriana Jez

adriana.jez@exprealty.com +1(347) 255-0907

Listed by Kate Daye Ruane Revolve Real Estate

$ 8,750,000

Est. payment -/mo

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1300 Old Plank RD Mayfield, PA 18433

95,455 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 95,455 sqft

Price per Sqft $91

MLS Listing ID GSBSC263650

Total Fin. Sqft 95455

Year Built 1973

Annual Tax Amount $120,849

Tax Year 2025

Lot Size 7.500 Acres

Acres 7.5

Lot Dimensions 1036x580x995x709x482x402

Property Sub-Type Mixed Use

Source scranton

Property 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.

Location

State PA

County Lackawanna

Area 95455

Zoning C2

Direction Casey Highway, take the Merideth St Exit, then left on Rte 6, left onto Old Plank Road, property on left.

Interior

Heating Natural Gas

Cooling Central Air

Fireplace No

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Utilities Available Cable Connected, Phone Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

View Y/N Yes

Present Use Commercial,Office,Medical/Dental,Mixed Use

Total Parking Spaces 268

Building

Story 1

Level or Stories One

Schools

School District Lakeland

Others

Acceptable Financing 1031 Exchange, USDA Loan, Special Funding, Conventional, Cash

Listing Terms 1031 Exchange, USDA Loan, Special Funding, Conventional, Cash

Greater Scranton Board of Realtors (SMLS)

Nearby Locations

Adriana Jez

Agent License ID: RS358942

+1(347) 255-0907

Adriana Jez

1300 Old Plank RD Mayfield, PA 18433

Key Details

Location

Interior

Exterior

Building

Schools

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1300 Old Plank RD