116 Franklin Ave - Storefront Retail/Office FOR SALE


Scranton, PA 18503- Downtown Scranton
$329,900 USD
570-335-9000
116 Franklin Ave, Scranton, PA for Sale
$329,900 USD
Storefront Retail/Office - FOR SALE
1/23
null | Request Cap Rate

116 Franklin Ave
Scranton, PA 18503
Downtown Scranton


OVERVIEW

Prime Downtown Scranton Investment Opportunity! Seize this rare opportunity to invest in the heart of Scranton's rapidly growing real estate market! This 4,000+ Sq Ft mixed-use building, ideally located just off Lackawanna Avenue, is surrounded by thriving businesses, popular restaurants, and ongoing revitalization efforts. With Scranton's increasing demand for commercial and residential spaces, this property presents high-income potential and endless possibilities. Adding to the area's appeal, Scranton is set to benefit from the highly anticipated high-speed rail service connecting the city to New York City. With federal approval granted in early 2025, this project will reestablish passenger rail service, offering three daily round trips. Trains will reach speeds of up to 110 mph, connecting Scranton to key hubs like Morristown, Newark, and New York Penn Station. This long-awaited transportation upgrade is expected to continue increasing property values, attract new businesses, and further enhance Scranton's appeal as a prime investment location. This property offers incredible flexibility, making it ideal for retail, office, apartments, or short-term rentals. Downtown Scranton continues to experience high occupancy rates, with rental demand surging and property values on the rise. Its prime location places it within a short distance of major attractions, including The University of Scranton, medical centers, and key transportation hubs. Additionally, downtown Scranton's ongoing revitalization efforts and economic development initiatives (such as Federal Opportunity Zone), make this a particularly strategic investment. With the future arrival of high-speed rail, demand for housing, office space, and retail is expected to skyrocket, ensuring strong returns for forward-thinking investors.

FOR SALE DETAILS

PRICE

$329,900 USD

PRICE/SF

$72 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C

APN/PARCEL ID

15626020008

ASK ABOUT THIS PROPERTY

Kyle SavageChristian Saunders Real EstateMore Info
570-335-9000

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Kyle SavageChristian Saunders Real EstateMore Info
570-335-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.