700 E Market Street, Scranton, PA 18509 (MLS# SC-251518)
700 E Market Street, Scranton, PA 18509
$575,000

































Property Type:
Commercial Sale
Square Footage:
5,500
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$575,000
List Date:
4/08/2025
Last Modified:
4/08/2025
Description
Prime Investment Opportunity!
Located in one of Scranton's most high-traffic and walkable commercial areas, this stunning 5,500 sq. ft. brick building is home to five thriving businesses and offers over 4,000 sq. ft. of active commercial space. Recently updated throughout, this property boasts numerous renovations including new floors, updated walls and bathrooms, modern lighting, new sewer lines, and brand-new awnings wrapping the entire building. The Exterior has been freshly painted and is consistently well-maintained by the owner.
Situated at Green Ridge Corners—a bustling hub surrounded by neighborhoods, restaurants, diners, and retail—this location benefits from both heavy foot traffic and easy access to major highways. It's just minutes from downtown Scranton and within approximately two hours of NYC, New Jersey, and Philadelphia.
The property generates strong, consistent income with reliable tenants who pay on time. With over a Cap Rate over 9, this is a high cash-flow investment perfect for both seasoned and new investors. The current owner has poured care into transforming this building into something truly special.
Don't miss your chance to own a turn-key commercial property in a prime location with exceptional income potential.
Information and measurements aren't Guaranteed or Warranted.
More Information MLS# SC-251518
Contract Information
Current Price: $575,000
List Price: $575,000
Status: Active
Listing Contract Date: 2025-04-08
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Owner Name: 700 E Market Street LLC
Environmental Survey YN: No
Location Tax and Legal
Street Number: 700
Street Direction Prefix: E
Street Name: Market
Street Suffix: Street
State: PA
Postal Code: 18509
County: Lackawanna
General Property Information
Number Of Units Total: 5
Building Area Total: 5500
Building Area Total (Report Only): 5500
Enhanced Accessible: Yes
Year Built: 1940
Lot Size Acres: 0.06
Lot Size Dimensions: 110X25X108X25
Waterfront YN: No
Stories: 1
Auction YN: No
List Price/SqFt: 104.55
Remarks and Miscellaneous
Public Remarks: Prime Investment Opportunity!
Located in one of Scranton's most high-traffic and walkable commercial areas, this stunning 5,500 sq. ft. brick building is home to five thriving businesses and offers over 4,000 sq. ft. of active commercial space. Recently updated throughout, this property boasts numerous renovations including new floors, updated walls and bathrooms, modern lighting, new sewer lines, and brand-new awnings wrapping the entire building. The Exterior has been freshly painted and is consistently well-maintained by the owner.
Situated at Green Ridge Corners—a bustling hub surrounded by neighborhoods, restaurants, diners, and retail—this location benefits from both heavy foot traffic and easy access to major highways. It's just minutes from downtown Scranton and within approximately two hours of NYC, New Jersey, and Philadelphia.
The property generates strong, consistent income with reliable tenants who pay on time. With over a Cap Rate over 9, this is a high cash-flow investment perfect for both seasoned and new investors. The current owner has poured care into transforming this building into something truly special.
Don't miss your chance to own a turn-key commercial property in a prime location with exceptional income potential.
Information and measurements aren't Guaranteed or Warranted.
Exclusions: All tenants' property is not included in the sale.
Status Change Information
Major Change Timestamp: 2025-04-08T17:54:14Z
Major Change Type: New Listing
Status Change Timestamp: 2025-04-08
Road Frontage Type
Road Frontage Length: 110
Property Features
Building Features: Prime Location; Public Restrooms; Separate Utilities; Turnkey Operations
Business Type: Advertising; Commercial; Gift Shop; Storage
Community Features: Sidewalks
Construction Materials: Brick
Cooling: Ductless; Wall/Window Unit(s)
Current Financing: Other
Current Use: Investment; Mixed Use; Strip Stores
Electric: 440+ Volts
Exterior Features: Awning(s); Lighting
Fencing: None
Flooring: Carpet; Luxury Vinyl; Vinyl
Foundation Details: Block
Heating: Natural Gas
Listing Terms: Cash
Lot Features: Corner Lot
Owner Pays: Grounds Care; Sewer; Taxes; Trash Collection; Water
Parking Features: On Street
Possession: Negotiable
Possible Use: Mixed Use; Retail
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Roof: Rubber
Security Features: Other
Sewer: Public Sewer
Special Licenses: None
Structure Type: Mixed Use
Tenant Pays: Electricity
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Occupied; Restricted Hours
Listing Office: Christian Saunders Real Estate
Last Updated: April - 08 - 2025
Information deemed reliable but not guaranteed.