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Versatile Trimodal Terminal 700 Riverside Dr

52,891 SF 100% Leased Industrial Building Freeport, PA 16229 For Sale

Investment Highlights

  • 39 acres of bulk liquid and outside storage capacity
  • Dedicated rail yard on Norfolk Southern network capable of transporting high volumes of dry bulk commodities
  • Connections to river, rail and truck transport

Executive Summary

The Freeport, PA site has one of the most unique sets of modal and storage capabilities currently on the market in the United States. The site is approximately 39 acres combined in both owned and leased property from Norfolk Southern with 52,891 SF of warehouse and office buildings and 10+ acres of dedicated yard space currently being leased for bulk storage and non-ferrous metal reclamations. The site boasts 3,500 +/- linear feet of river frontage on the Allegheny River that provides access to a private bulk liquids terminal that supports feedstocks for hydrocarbon productions. The storage tank facility is capable of 8,300,000+/- gallon capacity but is currently operating in the range of 5,800,000+/- gallon capacity. The truly unique feature of the barge and storage tank facility is a dedicated steam generating plant that is capable of heating the contents of a barge and/or tanks, even during winter months, to a liquid consistency so that it can be transloaded as needed. The steam generating facility gives the site a unique competitive advantage especially in consideration of the multi-modal access the site has to barge, truck, and rail on the Norfolk Southern network. In addition to the barge capacity and large yard area for storage, movement and transload of multiple commodities the site has a dedicated rail yard leased from the Norfolk Southern. The railyard, which has access to the barge site via truck, is currently set up to receive 8-10 cars at a time. The site has been capitalized with a pit where hopper cars of aggregate, portland cement, sand, etc., can be uploaded from hopper cars and loaded to truck via a conveyer.

Attachments

Freeport OM

Property Facts

Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Refrigeration ColdStorage
  • Industrial Warehouse
Rentable Building Area 52,891 SF
No. Stories 1
Year Built 1905

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-0-009743
Land Assessment
$37,540
Improvements Assessment
$19,730
Total Assessment
$57,270

zoning

Zoning Code Industrial District (Most of the site is zoned IN, Industrial District by the borough of Freeport. A single 0.702-acre parcel (17-0-009747)is designated as CT.)
Industrial District (Most of the site is zoned IN, Industrial District by the borough of Freeport. A single 0.702-acre parcel (17-0-009747)is designated as CT.)
  • Listing ID: 33719373

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 700 Riverside Dr, Freeport, PA 16229

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