115-117 Penn Avenue, Scranton, PA 18503 (MLS# SC-2920)

115-117 Penn Avenue is a dual structure, Downtown Commercial zoned, 12,000 square foot building situated in a prime location in the heart of Downtown Scranton. This property is in a Federal Opportunity zone and does qualify for LERTA as well. The Property is a unique offering, nestled amidst a vibrant and rapidly evolving neighborhood. The dual structures present a rare opportunity for transformation, with both buildings 100% vacant and ready for redevelopment. With a total of approximately 8,000 square feet of potential residential space as well as 4,000 square feet of retail space across both buildings, the property is prime for investment. The Property's location, one block away from the recently revitalized Marketplace at Steamtown and in one of the last remaining undeveloped blocks of Penn Avenue, makes it an attractive proposition for investors seeking to capitalize on the tremendous growth in the area. Furthermore, given the Property's zoning and strategic location, it presents an exceptional opportunity for ground-up development. The Property's existing framework, combined with the flexibility of its Downtown Commercial zoning, allows for a wide range of development possibilities. Whether a prospective investor is considering residential complexes, retail establishments, or a blend of both, 115- 117 Penn Avenue offers a unique chance to contribute to the area's ongoing revitalization and growth. It's an opportunity to not only tap into Scranton's burgeoning market but also to play a key part in shaping the city's future landscape.