318 Penn AveScranton, PA 18503

Property Details for 318 Penn Ave

Year built

1945

Lot size

0.06 AC

Property size (Sq ft)

5,000 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Scranton

County

Lackawanna

State

Pennsylvania

Latitude

41.4111

Longitude

-75.6642

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