2601 Stafford AveScranton, PA 18505

Property Details for 2601 Stafford Ave

Lot size

3.53 AC

Property type

Office buildings

APN

1770201000202

APU

1770201000202

Description

This 10,565 square foot freestanding medical building at 2601 Stafford Avenue in Scranton, Pennsylvania, presents a unique opportunity for healthcare providers. Recently updated with a contemporary exterior, the building offers a blank canvas for interior customization. The flexible layout allows for the creation of state-of-the-art examination rooms, advanced diagnostic facilities, or comfortable patient waiting areas, tailored precisely to the needs of the future tenant. The building's location within a well-connected area ensures convenient access for patients and staff. The asking price is $14 per square foot, triple net (NNN). This represents a significant advantage for those seeking a modern, move-in ready space without the burden of extensive upfront renovation costs. The current owner is willing to complete the interior build-out to meet the specific requirements of the tenant, making this an exceptional opportunity to establish or expand a medical practice in a desirable Scranton location. The property sits on a 0-acre lot, offering ample parking and accessibility. This is a rare chance to secure a fully modernized building with the flexibility to create a truly bespoke medical facility. Don't miss this chance to acquire a prime medical space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $38,198,108

  6.5%

  $35,259,792

  7%

  $32,741,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,226,244

  Geo Method

  $20,091,196

• Alternative Use

  Use

  Valuation

  Residential

  $43,722,140

  Hospitality

  $40,049,244

  Educational

  $33,320,502

  Medical

  $34,466,444

  Retail

  $51,831,892

Location Insight

City

Scranton

County

Lackawanna

State

Pennsylvania

Latitude

41.3747

Longitude

-75.6755

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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