409 Lackawanna Ave, Scranton, PA 18503 (MLS# 16-4496)
409 Lackawanna Ave, Scranton, PA 18503
$1,200,000
Property Type:
Commercial Sale
Square Footage:
122,773
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$1,200,000
List Date:
9/14/2016
Last Modified:
9/13/2024
Description
This class A office building with its 1897 origin as a department store is a tenant-occupied opportunity with room for growth.
The structure is framed in steel and includes a mezzanine and executive concourse, concrete and wood floors, flat, and a steel roof with a rubber membrane cover. Column spacing is 16' x 20'. Masonry sidewalls are covered with a limestone facade.
The open config. hosts three elevators, bathrooms on each floor, and a 4 story atrium. The HVAC includes seven nat. gas fired boilers and the electric service offers 800 amps,298/120v, 3 phase service.
The eight floors offer 146,687 gross square feet, 122,773 rentable square feet, plus a 32,194 gsf basement., Tax Information: Available, Additional Info: Financial data is available upon request., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 16-4496
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
Listing Contract Date: 2016-09-14
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Scranton Mall Associates
Environmental Survey YN: No
Location Tax and Legal
Street Number: 409
Street Name: Lackawanna Ave
State: PA
Postal Code: 18503
County: Lackawanna
General Property Information
Building Area Total: 122773
Building Area Total (Report Only): 122773
Enhanced Accessible: No
Year Built: 1888
Building Name: N/A
Parking Total: 65
Lot Size Acres: 0.5
Lot Size Dimensions: 202.78x135.19
Land Lease YN: No
Waterfront YN: No
Basement YN: Yes
Stories: 8
Auction YN: No
List Price/SqFt: 23.62
Sold Price/SqFt: 9.77
Remarks and Miscellaneous
Public Remarks: This class A office building with its 1897 origin as a department store is a tenant-occupied opportunity with room for growth.
The structure is framed in steel and includes a mezzanine and executive concourse, concrete and wood floors, flat, and a steel roof with a rubber membrane cover. Column spacing is 16' x 20'. Masonry sidewalls are covered with a limestone facade.
The open config. hosts three elevators, bathrooms on each floor, and a 4 story atrium. The HVAC includes seven nat. gas fired boilers and the electric service offers 800 amps,298/120v, 3 phase service.
The eight floors offer 146,687 gross square feet, 122,773 rentable square feet, plus a 32,194 gsf basement., Tax Information: Available, Additional Info: Financial data is available upon request., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2017-06-08T14:39:49Z
Major Change Type: Status Change
Price Change Timestamp: 2016-10-18T20:06:18Z
Status Change Timestamp: 2017-06-08
Purchase Contract Date: 2017-02-10
Close Date: 2017-06-08
Close Price: 1200000
Buyer Financing: Conventional
Building Features
Included In Contract: Land/Building
Office SqFt: 122773
Road Frontage Type
Road Frontage Length: 337.97
Special Listing Conditions
Foreclosure Deed Recorded: Yes
Property Features
Building Features: Elevator; Finished Office; Prime Location; Public Restrooms; Window(s)
Construction Materials: Stone; Wood Siding
Cooling: Central Air
Current Use: Commercial; Office
Electric: 200 or Less Amp Service; 200+ Amp Service; 220 Volts; Phase 3
Flooring: Ceramic Tile; Concrete
Heating: Hot Water; Natural Gas
Levels: Three Or More
Listing Terms: Cash
Lot Features: Corner Lot; Level; Near Central Business District; Near Office Center; Near Regional Mall
Parking Features: Off Site; None
Possession: Close Of Escrow
Road Frontage Type: City Street
Roof: Metal; Rubber
Sewer: Public Sewer
Special Listing Conditions: In Foreclosure
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Hinerfeld Commercial Real Estate
Last Updated: September - 13 - 2024
Information deemed reliable but not guaranteed.