For Sale
$549,000

1017 Prescott AveScranton, PA 18510

Scranton, PA Apartment Building with Garage

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Scranton, Pennsylvania investment opportunity presents a 7,050 square foot multifamily property situated on a 0.27-acre lot at 1017 Prescott Avenue, zip code 18510. The property, built in 1945, consists of two buildings and two stories, and is zoned C2. The main building houses three apartment units, each offering significant rental income potential, priced at $183,000 per unit. The asking price for the entire property is $549,000, translating to a price per square foot of $77.87. A large, attached garage provides ample space, ideal for various commercial uses such as an art studio, warehouse, or storage facility. The garage features large, easily accessible doors, facilitating convenient access for vehicles and equipment. This versatile property offers a unique blend of residential and commercial potential, making it suitable for business expansion, new ventures, or simply generating substantial rental income. The property's location in the vibrant Petersberg Corners area of Scranton adds to its appeal. This is a rare opportunity to acquire a well-positioned, income-generating property in a desirable location.

Highlights

  • 7,050 SF multifamily property on a 0.27-acre lot in Scranton, PA (18510).
  • Two-building, two-story property built in 1945, zoned C2.
  • Three apartment units with significant rental income potential; $183,000 per unit.
  • $549,000 asking price ($77.87/SF).
  • Large attached garage suitable for commercial use (art studio, warehouse, storage).
  • Garage features large, easily accessible doors.

Property Details for 1017 Prescott Ave

Property type
Apartment buildings
Square Feet
7,050 SF
Year Built
1945
Buildings
2
Stories
2
Lot Size (sq. ft)
11,761 SF
Units
3

Location Insight

City
Scranton
County
Lackawanna
State
Pennsylvania
Latitude
41.4114717
Longitude
-75.6414932
1017 Prescott Ave, Scranton, Pennsylvania

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1017 Prescott Ave
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