318 Penn Avenue, Scranton, PA 18503 (MLS# SC-1908)

318 Penn Avenue, Scranton, PA 18503

New Listing

$950,000

Property Type: Commercial Sale Square Footage: 5,000 Lot Size (sq. ft.): 2,614 Status: Active

Current Price: $950,000 List Date: 1/07/2025 Last Modified: 1/07/2025

Description

Fully leased and renovated building in the heart of downtown Scranton which includes parking for 26 cars (parking lot is directly across the street and is included in the purchase, and is ready for construction if you would like to build)! The property features three tenants (two commercial and one penthouse apartment). Separate utilities and lucrative leases are signed for each tenant, however, a buyer who is interested in occupying the building is absolutely possible on the first floor, providing excellent flexibility. Executive offices and conference space are on the first and second floors. The luxurious and spacious penthouse apartment was recently renovated and features bright and airy features, including high ceilings, hardwoods, new paint, new carpeting, new stainless steel appliances, washer and dryer, walk in closets, two bathrooms, intercom/remote unlock feature for front door, plenty of storage and much, much more...within steps of shopping and dining. Property is close to the McDade Expressway and Interstate 81 for easy access.

More Information MLS# SC-1908

Contract Information

Current Price: $950,000 List Price: $950,000 Status: Active Listing Contract Date: 2024-04-10 Property Sub Type: Office Property Attached YN: Yes Listing Agreement: Exclusive Right To Sell Owner Name: Penn Avenue Professional Building Environmental Survey YN: No

Location Tax and Legal

Street Number: 318 Street Name: Penn Street Suffix: Avenue State: PA Postal Code: 18503 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 3 Building Area Total: 5000 Building Area Total (Report Only): 5000 Enhanced Accessible: No Year Built: 1945 Year Built Details: Age is approximate. Parking Total: 26 Lot Size Acres: 0.06 Lot Size Dimensions: 24X110 Lot Dimensions Source: Public Records Land Lease YN: No Waterfront YN: No Basement YN: Yes Stories: 3 Sign On Property YN: No Rent Control YN: No Auction YN: No List Price/SqFt: 190

Remarks and Miscellaneous

Public Remarks: Fully leased and renovated building in the heart of downtown Scranton which includes parking for 26 cars (parking lot is directly across the street and is included in the purchase, and is ready for construction if you would like to build)! The property features three tenants (two commercial and one penthouse apartment). Separate utilities and lucrative leases are signed for each tenant, however, a buyer who is interested in occupying the building is absolutely possible on the first floor, providing excellent flexibility. Executive offices and conference space are on the first and second floors. The luxurious and spacious penthouse apartment was recently renovated and features bright and airy features, including high ceilings, hardwoods, new paint, new carpeting, new stainless steel appliances, washer and dryer, walk in closets, two bathrooms, intercom/remote unlock feature for front door, plenty of storage and much, much more...within steps of shopping and dining. Property is close to the McDade Expressway and Interstate 81 for easy access.

Status Change Information

Major Change Timestamp: 2025-01-07T16:28:17Z Major Change Type: Price Reduced Price Change Timestamp: 2025-01-07T16:28:17Z Status Change Timestamp: 2025-01-07 Back on Market Date: 2025-01-07

Building Features

Office SqFt: 3500

Road Frontage Type

Road Frontage Length: 24

Property Features

Basement: Concrete; Unfinished Building Features: Prime Location; Separate Utilities; Wired for Data; Other Business Type: Medical; Professional Service Community Features: None Construction Materials: Brick; Concrete Cooling: Central Air; Separate Meters Current Use: Medical/Dental; Office; Residential Electric: Phase 3 Exterior Features: Lighting Fencing: None Flooring: Carpet; Ceramic Tile; Hardwood Foundation Details: Slab Frontage Type: See Remarks Heating: Electric; Forced Air; Separate Meters Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Near Central Business District; Near Shopping Center Owner Pays: Common Area Maintenance; Insurance; Parking Fee; Taxes Parking Features: Detached; Off Street; On Site; Outside; Parking Lot; Paved Possession: Close Of Escrow Possible Use: Commercial; See Remarks Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Paved Roof: Rubber Security Features: Building Security; Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Sewer: Public Sewer Structure Type: Office Tenant Pays: Cable TV; Electricity; Insurance; Sewer; Water Utilities: Cable Available; See Remarks Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service

Listing Office: REALTY NETWORK GROUP

Last Updated: January - 07 - 2025

Information deemed reliable but not guaranteed.