141 Jefferson Avenue, Scranton, PA 18503 (MLS# 23-4217)
141 Jefferson Avenue, Scranton, PA 18503
$815,000
Virtual Tour
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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.