318 Penn Avenue, Scranton, PA 18503
$1,700,000
Property Type:
Commercial Sale
Square Footage:
5,000
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$1,700,000
List Date:
4/10/2024
Last Modified:
4/10/2024
Description
Fully leased and renovated building in the heart of downtown Scranton which includes parking for 26 cars (parking lot is directly across the street and is included in the purchase)! The property features three tenants (two commercial and one penthouse apartment). Separate utilities and lucrative leases are signed for each tenant, however, a buyer who is interested in occupying the building is absolutely possible on the first floor, providing excellent flexibility. Executive offices and conference space are on the first and second floors. The luxurious and spacious penthouse apartment was recently renovated and features bright and airy features, including high ceilings, hardwoods, new paint, new carpeting, new stainless steel appliances, washer and dryer, walk in closets, two bathrooms, intercom/remote unlock feature for front door, plenty of storage and much, much more...within steps of shopping and dining. Property is close to the McDade Expressway and Interstate 81 for easy access.
More Information MLS# SC-1908
Contract Information
Current Price: $1,700,000
List Price: $1,700,000
Status: Active
Listing Contract Date: 2024-04-10
Property Sub Type: Office
Property Attached YN: Yes
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Penn Avenue Professional Building
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 318
Street Name: Penn
Street Suffix: Avenue
Municipality: Scranton City
State: PA
Postal Code: 18503
County: Lackawanna
High School District: Scranton
City Region: Central City
Land Value: 10950
Improvement Value: 11000
County Tax Amount: 1403.04
Municipal Tax Amount: 3242.54
School Tax Amount: 3245.28
Tax Annual Amount: 7890.86
Tax Year: 2024
Tax Assessed Value: 21950
Tax Information: Available
Tax Other Annual Assessment Amount: 21950
Parcel Number: 14583020006
Zoning: C-D
Zoning Description: Commercial
Directions: From the McDade Expressway proceed on to Mulberry Street. Turn right on to Penn Avenue.
Tax Book Number: 1456/0152
General Property Information
Number Of Buildings: 1
Number Of Units Total: 3
Building Area Total: 5000
Building Area Total (Report Only): 5000
Enhanced Accessible: No
Year Built: 1945
Year Built Details: Age is approximate.
Parking Total: 26
Lot Size Acres: 0.06
Lot Size Dimensions: 24X110
Lot Dimensions Source: Public Records
Land Lease YN: No
Basement YN: Yes
Stories: 3
Sign On Property YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 340
Remarks and Miscellaneous
Public Remarks: Fully leased and renovated building in the heart of downtown Scranton which includes parking for 26 cars (parking lot is directly across the street and is included in the purchase)! The property features three tenants (two commercial and one penthouse apartment). Separate utilities and lucrative leases are signed for each tenant, however, a buyer who is interested in occupying the building is absolutely possible on the first floor, providing excellent flexibility. Executive offices and conference space are on the first and second floors. The luxurious and spacious penthouse apartment was recently renovated and features bright and airy features, including high ceilings, hardwoods, new paint, new carpeting, new stainless steel appliances, washer and dryer, walk in closets, two bathrooms, intercom/remote unlock feature for front door, plenty of storage and much, much more...within steps of shopping and dining. Property is close to the McDade Expressway and Interstate 81 for easy access.
Status Change Information
Major Change Timestamp: 2024-04-10T17:14:57Z
Major Change Type: New Listing
Status Change Timestamp: 2024-04-10
Building Features
Office SqFt: 3500
Road Frontage Type
Road Frontage Length: 24
Property Features
Basement: Concrete; Unfinished
Building Features: Prime Location; Separate Utilities; Wired for Data; Other
Business Type: Medical; Professional Service
Community Features: None
Construction Materials: Brick; Concrete
Cooling: Central Air; Separate Meters
Current Use: Medical/Dental; Office; Residential
Electric: Phase 3
Exterior Features: Lighting
Fencing: None
Flooring: Carpet; Ceramic Tile; Hardwood
Foundation Details: Slab
Frontage Type: See Remarks
Heating: Electric; Forced Air; Separate Meters
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Near Central Business District; Near Shopping Center
Owner Pays: Common Area Maintenance; Insurance; Parking Fee; Taxes
Parking Features: Detached; Off Street; On Site; Outside; Parking Lot; Paved
Possession: Close Of Escrow
Possible Use: Commercial; See Remarks
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Rubber
Security Features: Building Security; Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Sewer: Public Sewer
Structure Type: Office
Tenant Pays: Cable TV; Electricity; Insurance; Sewer; Water
Utilities: Cable Available; See Remarks
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service
Listing Office: REALTY NETWORK GROUP
Last Updated: April - 10 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.