1300 Old Plank Road, Mayfield, PA 18433
$8,750,000
Property Type:
Commercial Sale
Square Footage:
95,455
Lot Size (sq. ft.):
326,700
Status:
Active
Current Price:
$8,750,000
List Date:
7/25/2026
Last Modified:
8/17/2026
Listing Details MLS# SC-263650
General Property Information
- Number Of Buildings
- Yes
- Number Of Units Total
- 10
- Building Area Total
- 95455
- Building Area Total (Report Only)
- 95455
- Enhanced Accessible
- No
- Year Built
- 1973
- Garage Spaces
- Yes
- Parking Total
- 268
- Lot Size Acres
- 7.5
- Lot Size Dimensions
- 1036x580x995x709x482x402
- Land Lease YN
- No
- Waterfront YN
- Yes
- Stories
- Yes
- Leasable Area
- 95455
- Rent Control YN
- No
- Auction YN
- No
- List Price/SqFt
- 91.67
Property Features
Cooling:
Central Air
Current Use:
Commercial; Medical/Dental; Mixed Use; Office
Frontage Type:
River
Heating:
Natural Gas
Levels:
One
Listing Terms:
1031 Exchange; Cash; Conventional; Special Funding; USDA Loan
Property Condition:
Updated/Remodeled
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Showing Requirements:
Appointment Only; Call Listing Agent; No Sign
Contract Information
- Listing Contract Date
- 2026-07-25
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right With Exception
- Owner Name
- Neet Center Associates LLC
- Environmental Survey YN
- Yes
Location Tax and Legal
- Street Number
- 1300
- Street Name
- Old Plank
- Street Suffix
- Road
- State
- PA
- Postal Code
- 18433
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-08-17T19:52:14Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-08-17T19:52:14Z
- Status Change Timestamp
- 2026-07-25
More Information
Income and Expenses
- Annual Total Expense
- 434128
- Cap Rate
- 10
- Gross Income
- 1104702
- Gross Scheduled Income
- 1323797
- Net Operating Income
- 889809
Listing Office:
Revolve Real Estate
Last Updated: August - 17 - 2026
Information deemed reliable but not guaranteed.