141 Jefferson Avenue, Scranton, PA 18503 (MLS# 23-4217)

141 Jefferson Avenue, Scranton, PA 18503

$815,000
Property Type: Commercial Sale Square Footage: 10,600 Lot Size (sq. ft.): 7,841 Status: Closed
Current Price: $815,000 List Date: 7/01/2024 Last Modified: 12/01/2024

Description

Welcome to the heart of downtown Scranton, where opportunity meets prominence. This centrally located property serves as the welcoming gateway to the city's rejuvenated downtown. As you step through the front door of Scranton, you'll find yourself passing beneath the shadow of this iconic building. This property is situated within a Federal Opportunity Zone and features versatile space totaling 10,600 square feet, comprising four retail units, a 2,100 square foot office area, and a 3,100 square foot bar/restaurant. Currently, the bar/restaurant space is vacant, offering a blank canvas for your entrepreneurial vision or the opportunity to attract new tenants. Strategically positioned, this property enjoys a prominent address just across the street from the historic Radisson Hotel and is only one block away from the Hilton Hotel, providing unparalleled visibility and proximity to some of the city's most iconic landmarks. The intersection of education and commerce is here, as the property is just one block from the University of Scranton, making it an ideal locale for businesses catering to the academic community. Furthermore, it's nestled near the revitalized area of downtown Scranton, placing it at the heart of the city's resurgence and offering a front-row seat to its vibrant future. Don't miss the chance to be a part of Scranton's downtown revival. Whether you're seeking an investment property or the perfect location for your business, this property offers a unique blend of location, income potential, and endless possibilities.

More Information MLS# 23-4217

Contract Information

Current Price: $815,000 Sold Price: $815,000 Status: Closed Listing Contract Date: 2023-09-29 Property Sub Type: Mixed Use Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Rocco M. Fiore Jr Environmental Survey YN: No

Location Tax and Legal

Street Number: 141 Street Name: Jefferson Street Suffix: Avenue State: PA Postal Code: 18503 County: Lackawanna

General Property Information

Number Of Units Total: 6 Building Area Total: 10600 Building Area Total (Report Only): 10600 Enhanced Accessible: No Year Built: 1925 Building Name: N/A Lot Size Acres: 0.18 Lot Size Dimensions: 50X160 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Auction YN: No List Price/SqFt: 92.45 Sold Price/SqFt: 76.89

Remarks and Miscellaneous

Public Remarks: Welcome to the heart of downtown Scranton, where opportunity meets prominence. This centrally located property serves as the welcoming gateway to the city's rejuvenated downtown. As you step through the front door of Scranton, you'll find yourself passing beneath the shadow of this iconic building. This property is situated within a Federal Opportunity Zone and features versatile space totaling 10,600 square feet, comprising four retail units, a 2,100 square foot office area, and a 3,100 square foot bar/restaurant. Currently, the bar/restaurant space is vacant, offering a blank canvas for your entrepreneurial vision or the opportunity to attract new tenants. Strategically positioned, this property enjoys a prominent address just across the street from the historic Radisson Hotel and is only one block away from the Hilton Hotel, providing unparalleled visibility and proximity to some of the city's most iconic landmarks. The intersection of education and commerce is here, as the property is just one block from the University of Scranton, making it an ideal locale for businesses catering to the academic community. Furthermore, it's nestled near the revitalized area of downtown Scranton, placing it at the heart of the city's resurgence and offering a front-row seat to its vibrant future. Don't miss the chance to be a part of Scranton's downtown revival. Whether you're seeking an investment property or the perfect location for your business, this property offers a unique blend of location, income potential, and endless possibilities. Exclusions: No

Status Change Information

Major Change Timestamp: 2024-12-01T21:47:06Z Major Change Type: Status Change Price Change Timestamp: 2024-03-19T20:02:40Z Status Change Timestamp: 2024-12-01 Purchase Contract Date: 2024-07-01 Close Date: 2024-11-26 Close Price: 815000 Concessions: No Buyer Financing: Conventional

Building Features

Included In Contract: Building Only Office SqFt: 2100 Retail SqFt: 3300

Road Frontage Type

Road Frontage Length: 50

Property Features

Building Features: Prime Location Business Type: Restaurant Construction Materials: Stucco Current Use: Commercial; Retail Electric: Circuit Breakers Flooring: Carpet; Wood Heating: Other; See Remarks Levels: One and One Half Listing Terms: 1031 Exchange; Cash Lot Features: Cleared; Corner Lot; Near Central Business District; Sloped Parking Features: On Street; None Possession: Negotiable; Other Road Frontage Type: City Street Roof: Rubber Sewer: Public Sewer Special Licenses: Liquor Water Source: Public Showing Requirements: Text Listing Agent
Listing Office: Christian Saunders Real Estate
Last Updated: December - 01 - 2024
Information deemed reliable but not guaranteed.