For Sale
$1,090,000

318 Penn AveScranton, PA 18503

Fully Leased, Renovated, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This fully leased, renovated three-story office building in Scranton, PA, offers 5,000 square feet of space, including executive offices, conference space, and a luxurious penthouse apartment. Located at 318 Penn Ave, this prime downtown location boasts 26 parking spaces across the street, included in the sale. The building, constructed in 1945, sits on a 0.06-acre lot and is zoned for commercial use. Currently housing three tenants—two commercial and one residential—with separate utilities and lucrative leases, this property provides excellent flexibility for a buyer interested in occupying the first floor. The penthouse apartment features recent renovations, including high ceilings, hardwood floors, new appliances, and ample storage. Its convenient location near restaurants, bars, shopping, and major roadways like the Scranton Expressway and I-81 makes it an attractive investment opportunity. The asking price is $1,090,000, with a price per square foot of $218. The property's APN is 14583020006. This multi-tenant building presents a strong cash flow potential and a desirable location in the heart of Scranton's vibrant downtown.

Highlights

  • $1,090,000 asking price for this Scranton, PA office building.
  • 5,000 square feet, priced at $218 per square foot.
  • Multi-tenant building with three tenants: two commercial and one penthouse apartment.
  • 26 parking spaces in a lot across the street.
  • Located in downtown Scranton, near restaurants and bars, with easy access to Scranton Expressway and I-81.

Property Details for 318 Penn Ave

Property type
Office properties
Square Feet
5,000 SF
Year Built
1945
Buildings
1
Stories
3
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Scranton
County
Lackawanna
State
Pennsylvania
Latitude
41.411119
Longitude
-75.664169
318 Penn Ave, Scranton, Pennsylvania

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318 Penn Ave
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