Investment Overview

The Dunkle-Vartanian Group of Marcus and Millichap is proud to present the exclusive opportunity to acquire: 1317-1319 Main Street and 1017 River Avenue in Johnstown, PA 15909 known as Green Diamond Industrial Complex. The subject offering consists of three (3) parcels totaling 79.56 acres. The two (2) River Ave parcels are abutting and total 31.1 acres. And the Main St parcel totaling 48.46 acres, is in close proximity, only 7/10th of a mile of the River Avenue parcels. The parcels have access from public roadways and also via rail (Lehigh Valley Rail Management). Once a Bethlehem Steel facility, the properties are uniquely positioned with access to a prominent strategic rail infrastructure and one of the few locations in the United States serviced by two Class “I” railroad companies- Norfolk Southern and CSX. Significant improvements have been made to the subject properties since acquisition including site grading and leveling, updates to drainage and sewer connections, clean Phase II and maintenance building improvements. Being one of the few sites available on the most heavily traveled East/West Railroad corridor across the United States and zoned Industrial, this site is ideal for transloading, rail car staging and/or laydown yard. Green Diamond is currently finalizing their Business Plan to include “end of custody” disposal of used railroad ties, which will offer an environmental sound solution for an ever-growing problem of rail tie disposal using a proven process while providing a “green benefit” for their tenants in the form of “inside the fence” Combined Heat and Power (CHP). Green Diamond will not be doing any further improvements until July 2023 when the new State budgets are put in place.