327 N Washington Avenue, Scranton, PA 18503 (MLS# 21-5756)

327 N Washington Avenue, Scranton, PA 18503

$1,550,000

Property Type: Commercial Sale Square Footage: 51,387 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $1,550,000 List Date: 12/29/2021 Last Modified: 9/14/2024

Description

A chance to own one of Scranton's premier historical buildings. The Professional Arts Building is a 10 story office building in the heart of the downtown. Heating, roof and elevators have been updated recently. Each floor has 2 restrooms. Realtor is told that there are no load bearing walls within making it easier to remodel. Leases are full service for the offices, retail tenants on the main level pay their own electric. C-D Downtown Commercial Zoning. High visibility area. Professionally managed building with strong current tenant roster., Tax Information: Available, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y

More Information MLS# 21-5756

Contract Information

Current Price: $1,550,000 Sold Price: $1,550,000 Status: Closed Listing Contract Date: 2021-12-27 Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Medical Arts Realty Assoc. Inc Environmental Survey YN: No

Location Tax and Legal

Street Number: 327 Street Direction Prefix: N Street Name: Washington Street Suffix: Avenue State: PA Postal Code: 18503 County: Lackawanna

General Property Information

Building Area Total: 51387 Building Area Total (Report Only): 51387 Enhanced Accessible: No Year Built: 1925 Building Name: N/A Garage Spaces: 53 Parking Total: 53 Lot Size Acres: 0.34 Lot Size Dimensions: 103x150x164x150x40x51 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 10 Auction YN: No List Price/SqFt: 27.24 Sold Price/SqFt: 30.16

Remarks and Miscellaneous

Public Remarks: A chance to own one of Scranton's premier historical buildings. The Professional Arts Building is a 10 story office building in the heart of the downtown. Heating, roof and elevators have been updated recently. Each floor has 2 restrooms. Realtor is told that there are no load bearing walls within making it easier to remodel. Leases are full service for the offices, retail tenants on the main level pay their own electric. C-D Downtown Commercial Zoning. High visibility area. Professionally managed building with strong current tenant roster., Tax Information: Available, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y Exclusions: No

Status Change Information

Major Change Timestamp: 2022-02-24T14:40:41Z Major Change Type: Status Change Status Change Timestamp: 2022-02-24 Purchase Contract Date: 2022-01-22 Close Date: 2022-02-22 Close Price: 1550000 Concessions: No Buyer Financing: Cash

Building Features

Included In Contract: Land/Building Office SqFt: 44026 Retail SqFt: 7361

Road Frontage Type

Road Frontage Length: 103

Property Features

Building Features: Elevator; High Traffic Area; Prime Location; Public Restrooms; Window(s) Construction Materials: Stone Current Use: Commercial; Office; Retail Electric: 100 Amp Service; 150 Amp Service Flooring: Carpet; Vinyl Heating: Natural Gas; Steam Levels: Three Or More Listing Terms: Cash Lot Features: Level; Near Central Business District Parking Features: Asphalt; Other Possession: Negotiable Road Frontage Type: Highway Road Surface Type: Paved Roof: Rubber Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only

Listing Office: O BOYLE REAL ESTATE LLC

Last Updated: September - 14 - 2024

Information deemed reliable but not guaranteed.