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Welcome to the newly revitalized downtown Scranton, PA, where a rare real estate opportunity awaits. Overlooking the historic city square, this property offers a chance to own a piece of history with the potential to develop up to seven stories. Featuring stunning woodwork and craftsmanship, the building has long served as home to one of the area's top law firms, offering a sophisticated atmosphere. With 11,068 sq ft, it is located within a Federal Opportunity Zone and includes three storefronts. For developers, the property offers flexibility"”maintain the storefronts, downsize the main office (currently occupying 3/4 of the space), and transform the upper floors into up to six apartments, all while keeping the retail and portion of the office space active. This would create a solid return on investment for this prime downtown gem. Positioned near iconic landmarks like the historic Radisson Hotel and a parking garage away from the Hilton Hotel, the building enjoys high visibility and proximity to some of Scranton's most recognizable spots. Just one block from the University of Scranton, it's perfectly suited for businesses catering to both commerce and academia. Seize the chance to be part of downtown Scranton's resurgence. Current rents for the storefronts are $1,000, $650, and $1,000, with the remaining 3/4 occupied by the current owner.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/18/2024 |
|---|---|---|---|
| YEAR BUILT | 1930 | COMMUNITY | Scranton City (13634) |
| COUNTY | LACKAWANNA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Scranton City (13634) |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 14078 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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