401 Adams Avenue, Scranton, PA 18510
$2,000,000
Property Type:
Commercial Sale
Square Footage:
107,200
Lot Size (sq. ft.):
30,928
Status:
Closed
Current Price:
$2,000,000
List Date:
5/09/2014
Last Modified:
12/10/2023
Description
Two buildings on one site between an outdoor courtyard. Six story office building contains approximately 93,000SF. Two story commercial building contains 14,200SF. Property is vacant. Located within two blocks of the University of Scranton and The Commonwealth Medical College and adjacent to Lackawanna College, one block to the Lackawanna County Courthouse., Tax Information: Available, Additional Info: This is being sold in 'as is' condition. Structure is steel frame with concrete floors, two elevators., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 14-2069
Contract Information
Current Price: $2,000,000
Sold Price: $2,000,000
Status: Closed
Listing Contract Date: 2014-05-09
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: VCF Properties 25, LLC
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 401
Street Name: Adams
Street Suffix: Avenue
Municipality: Scranton City
State: PA
Postal Code: 18510
County: Lackawanna
High School District: Scranton
City Region: Central City
Land Value: 56595
Improvement Value: 748405
County Tax Amount: 46223.1
Municipal Tax Amount: 40549.93
School Tax Amount: 92011.5
Tax Annual Amount: 178784.53
Tax Year: 2014
Tax Assessed Value: 805000
Tax Other Annual Assessment Amount: 805000
Parcel Number: 1458401001701
Additional Parcels YN: No
Zoning Description: Commercial
Directions: Downtown Scranton. Corner of Mulberry St. (US Rt.11 and SR 307) and Adams Avenue. Four blocks to the Central Scranton Expressway to I-81, 380, 84, 476 and four blocks to McDade Expressway.
Tax Book Number: 2005-16475
General Property Information
Building Area Total: 107200
Building Area Total (Report Only): 107200
Enhanced Accessible: No
Year Built: 1976
Building Name: N/A
Lot Size Acres: 0.71
Lot Size Dimensions: 90X344
Land Lease YN: No
Basement YN: No
Stories: 62
Auction YN: No
List Price/SqFt: 22.85
Sold Price/SqFt: 18.66
Remarks and Miscellaneous
Public Remarks: Two buildings on one site between an outdoor courtyard. Six story office building contains approximately 93,000SF. Two story commercial building contains 14,200SF. Property is vacant. Located within two blocks of the University of Scranton and The Commonwealth Medical College and adjacent to Lackawanna College, one block to the Lackawanna County Courthouse., Tax Information: Available, Additional Info: This is being sold in 'as is' condition. Structure is steel frame with concrete floors, two elevators., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2014-08-22T16:19:32Z
Major Change Type: Status Change
Status Change Timestamp: 2014-08-22
Purchase Contract Date: 2014-06-16
Close Date: 2014-08-15
Close Price: 2000000
Buyer Financing: Conventional
Building Features
Included In Contract: Building Only
Office SqFt: 107200
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 344
Property Features
Building Features: Elevator; Prime Location; Public Restrooms
Construction Materials: Block
Cooling: Central Air
Current Use: Office
Electric: 200+ Amp Service
Flooring: Concrete
Heating: Forced Air; Natural Gas; Zoned
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Near Central Business District; Sloped
Parking Features: None
Possession: Negotiable
Road Frontage Type: State Road
Road Surface Type: Paved
Roof: Rolled/Hot Mop
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: Hinerfeld Commercial Real Estate
Last Updated: December - 10 - 2023
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.