High-Yield Industrial Opportunity - 87,945 SF on 40 Acres
Low-Coverage Industrial Property (87,945 SF on 40 AC)
Marketing description
The perfect property for an Owner/User or value-oriented investors!
Positioned on 40 acres just off PA-948 and close to US-219, 299 Hardwood Dr offers an 87,945 SF low-coverage industrial park that’s ideal for both warehousing and manufacturing. This multi-building site comprises numerous production, maintenance, and storage structures, including two large warehouses (40,000 SF and 15,600 SF) as well as an on-site office. With a pro forma return of around 17.5% at estimated market rents ($4.40/SF), the asset could provide exceptional upside for value-oriented investors.
Located in Ridgway, PA, the property is an hour or two from State College, Altoona, Erie, and Pittsburgh, connecting you to major Mid-Atlantic transportation routes and labor pools. The expansive outdoor area is ideal for heavy equipment storage or additional facility expansions—perfect for lumber operations, manufacturing lines, or distribution centers. Whether you’re seeking a high-yield investment or a strategic foothold in western Pennsylvania’s industrial corridor, 299 Hardwood Dr represents a versatile, high-upside industrial acquisition.
Investment highlights
Owner/User Benefit: An owner-occupant can set up operations in the main buildings, leveraging additional structures or land for expansion or subleasing.
Total Square Footage: Approx. 87,945 SF across multiple industrial structures on 40 acres, providing significant expansion or outdoor storage capacity.
Low Coverage Industrial: Large acreage relative to building footprint may accommodate truck staging, equipment storage, or future development.
Accessible Location: Close to PA-948 and US-219, linking easily to greater Western Pennsylvania, making it appealing for logistics or manufacturing.
Multi-Building Layout: Warehouses, production facilities, office space, and maintenance structures can support diverse industrial uses or multi-tenant leasing.
Investor Focus: Potentially attractive upside through lease-up at pro forma rates, boosting net operating income and overall asset value.
High Return Potential: Pro forma analysis indicates a ~17.5% return at market rents (estimated around $4.40/SF, NNN), (subject to confirmation).
All information presented herein, including projected returns, property details, and market data, has been gathered from sources deemed reliable. However, no warranty or representation, expressed or implied, is made by the seller or broker regarding the accuracy or completeness of such information. Prospective purchasers and tenants are strongly advised to independently verify all information, conduct their own due diligence, and seek appropriate professional advice. Neither the seller nor broker shall be liable for any errors, omissions, or changes in property details or financial estimates. All projections, opinions, assumptions, or estimates are for illustrative purposes only and do not guarantee future performance. Any offer is made subject to prior sale, price change, or withdrawal without notice.
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