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DURYEA — A 44-acre, tax-free, rail-served industrial parcel of land in Duryea Borough — destined to become the Duryea Industrial Park — is the last piece of land owned by the Greater Pittston Chamber of Commerce.

“After decades of building industrial parks likes Grimes, Quackenbush and Ohara, we are one land sale away from being out of the real estate business.” says Michelle Mikitish, Executive Vice President of the Greater Pittston Chamber of Commerce. “Getting out of the real estate business will allow us to focus our energies and our finances on member services, workforce development, small business needs and our ever-growing women’s network.”

The land is accessible via Boylan Drive in Duryea, which intersects with McAlpine St just behind Marie’s Diner. The Chamber purchased the land in February of 1966 from the Pennsylvania Coal Company and completed infrastructure improvements in the early 2000’s. This was the Pittston Chamber’s last land development project. The parcel can accommodate up to a 400,000 square foot building, has rail service and all of the necessary utilities in place.

Duryea Industrial Park

This business park would be a great site for manufacturing, distribution, or other industrial operation. Just two hours from New York City and Philadelphia, it is a perfect location for any business looking to expand into northeastern Pennsylvania. This parcel is also a designated Keystone Opportunity Zone (KOZ) granting eligible companies significant tax savings until December of 2025.

This tax-free, rail-served, industrial site on the I-81 corridor features:

• Keystone Opportunity Zone Status. (Virtually all state and local taxes abated until 12/31/2025)

• 2 miles from I-81; 2.5 miles from Wilkes-Barre/ Scranton Int’l. Airport; 3 miles from I-476

• Great labor draw area — more than 466,000 people live within 20 miles

• Rail service from two short line railroads with connections to Class I railroads Norfolk Southern Railway Company and Canadian Pacific Railway

• Power provided by PPL Electric Utilities

• Natural gas provided by UGI Penn Natural Gas

• Water provided by Pennsylvania American Water Company

• Sanitary Sewer provided by Duryea Borough Sewer Authority

For more information on this land parcel, visit http://mericlereadytogo.com/DuryeaKOZ/property-overview/

Keystone Opportunity Zone benefits available to eligible companies:

The following are abated 100 percent until 12/31/2025:

• Local real property taxes (county, borough, school district)

• PA Corporate Net Income Tax

• PA’s Capital Stock & Foreign Franchise Tax

• PA Sales Tax on telephone, gas and electric service used by a business in the zone

• PA Sales Tax on the purchase of taxable property or services (excluding motor vehicles) that are used and consumed by a business in the zone

• PA Sales Tax on “building machinery and equipment” purchased by a contractor in conjunction with a construction contract

A business moving from outside Pennsylvania into a KOZ is program-eligible provided it owns or leases property in the KOZ from which it actively conducts a trade, profession or business and obtains annual certification from the PA Department of Community and Economic Development.

Pennsylvania companies must meet certain job creation and/or capital investment requirements in order to be eligible.

For more information about Pennsylvania’s Department of Community and Economic Development’s KOZ program, visit https://dced.pa.gov/programs/keystone-opportunity-zones-kozs/

For more information on this listing, contact:

• Bob Besecker, Mericle Commercial Real Estate Services

Phone: 570-823-1100 — [email protected] www.mericle.com

• Atlas Realty

Charles A. Adonizio, III

Phone: 570-829-6200 — [email protected]