318 Penn Ave - Office/Residential FOR SALE


Scranton, PA 18503
$950,000 USD
570-585-6880
318 Penn Ave, Scranton, PA for Sale
$950,000 USD
Office/Residential - FOR SALE
1/76
null | Request Cap Rate

318 Penn Ave
Scranton, PA 18503


HIGHLIGHTS

  • Near the heart of Scranton's downtown area!
  • Within close proximity to popular restaurants, bars, Marketplace at Steamtown and more
  • Providing excellent flexibility for a buyer who might need space (first floor options)

OVERVIEW

Fully leased and renovated building in the heart of downtown, which includes parking for twenty-six cars (parking lot is directly across the street and is included in the purchase). The property features three tenants (two commercial and one penthouse apartment). Separate utilities and lucrative leases are signed for each tenant, however, a buyer who is interested in occupying the building can stay on the first floor, providing excellent flexibility. Executive offices and conference space are on the first and second floors. The luxurious and spacious penthouse apartment was recently renovated with bright and airy features, including high ceilings, hardwoods, new paint, new carpeting, new stainless steel appliances, washer and dryer, walk-in closets, two bathrooms, intercom/remote unlock feature for front door, plenty of storage and much, much more… within steps of shopping and dining. Close to the Scranton Expressway and I-81 for easy access.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commercial

APN/PARCEL ID

14583020006

ASK ABOUT THIS PROPERTY

Mark DeStefanoRealty Network GroupMore Info
570-585-6880

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Mark DeStefanoRealty Network GroupMore Info
570-585-6880

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