- Size: 51096.65 m²
- Price: $9,625,000
The Silk Building in Hazleton, Pennsylvania, presents an extraordinary opportunity to acquire one of the largest multi-tenant industrial complexes in the region – an expansive space of approximately 51,095 m² distributed across five highly functional floors with remarkable versatility and scale. Positioned just moments from the I-81 corridor and within a 500 km radius of 25% of the US population, this asset offers exceptional logistical reach to major metropolitan markets, including Allentown, Philadelphia, New York, Harrisburg, Baltimore, and beyond.
Offering oversized floor plates of approximately 10,219 m², robust power, generous load capacity, excellent ceiling heights, and fully heated interiors with recent LED upgrades, the property is uniquely equipped to meet a wide range of high-demand uses.
The current ownership has invested over $1,000,000 in capital improvements, bringing the building to 60% occupancy while creating significant additional value-add potential for the next investor.
With existing cash flow supported by established tenants and projected NNN rents of approximately $3.00 per square foot in vacant units, new ownership can increase revenue substantially through traditional warehouse, manufacturing, flex, and distribution leasing – as well as expanding into rapidly growing sectors such as AI infrastructure, robotics, data centers, call centers, self-storage, and other tech-focused operations.
The property's structural features and clear spans also make it an exceptional candidate for a future full or partial residential conversion, supported by Pennsylvania's Mixed-Use Housing Development Pilot Program.
The complex is situated on 4 hectares and features 22 loading docks, 7 truck entrances, 12 exterior doors, two steel freight elevators, and robust high-capacity power (400 amps, 120-240 volts). With strong demographics, a civilian workforce of over 343,000 people within a short commuting distance, and the logistical advantage of proximity to Interstates 80, 81, 84, 380, and 476, the Silk Building is strategically positioned for long-term performance.
As one of the largest industrial assets in its submarket, it offers powerful economies of scale, stable income, and a clear roadmap for significantly enhanced returns. This is a rare chance to acquire a high-capacity industrial hub with immediate cash flow and substantial value-add potential.
Property Type:
Commercial | Subtype: industrial
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