1790 Keyser AveScranton, PA 18508

Property Details for 1790 Keyser Ave

Lot size

23.42 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

12319030002

APU

12319030002

Description

This exceptional investment opportunity presents 15,600 square feet of vacant retail space within the thriving Keyser Oak Shopping Center in Scranton, PA. Located at 1790 N Keyser Ave, at the highly trafficked intersection of Keyser Ave and North Scranton Expressway (Route 11), this grocery-anchored center boasts a total of 170,000 square feet across two buildings. Strong existing tenants include Gerrity's Supermarket (with Pharmacy), Ollie's Bargain Outlet, Just Cabinets, Dollar Tree, and Goodwill. The center benefits from excellent visibility and accessibility, situated at a four-way interchange to Route 11, ensuring high traffic volume. North Keyser Avenue sees 14,600 vehicles per day, while the North Scranton Highway boasts over 33,000 VPD. Ample parking is available. The surrounding area is densely populated, with a three-mile radius encompassing nearly 72,000 people and average household incomes exceeding $54,000 annually. This prime location, coupled with the existing strong tenant mix, presents a compelling opportunity for expansion or new retail ventures. The property offers significant potential for growth and return on investment within a vibrant commercial corridor. The available space is ideal for a variety of retail uses. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $372,538,112

  6.5%

  $343,881,344

  7%

  $319,318,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $338,163,936

  Geo Method

  $335,906,080

• Alternative Use

  Use

  Valuation

  Residential

  $290,076,768

  Hospitality

  $265,708,752

  Educational

  $221,066,576

  Medical

  $228,669,392

  Retail

  $343,881,344

Location Insight

City

Scranton

County

Lackawanna

State

Pennsylvania

Latitude

41.4435

Longitude

-75.6685

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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