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.