409 Lackawanna Ave, Scranton, PA 18503
$1,200,000
Property Type:
Commercial Sale
Square Footage:
122,773
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$1,200,000
List Date:
9/14/2016
Last Modified:
12/10/2023
Description
This class A office building with its 1897 origin as a department store is a tenant-occupied opportunity with room for growth.
The structure is framed in steel and includes a mezzanine and executive concourse, concrete and wood floors, flat, and a steel roof with a rubber membrane cover. Column spacing is 16' x 20'. Masonry sidewalls are covered with a limestone facade.
The open config. hosts three elevators, bathrooms on each floor, and a 4 story atrium. The HVAC includes seven nat. gas fired boilers and the electric service offers 800 amps,298/120v, 3 phase service.
The eight floors offer 146,687 gross square feet, 122,773 rentable square feet, plus a 32,194 gsf basement., Tax Information: Available, Additional Info: Financial data is available upon request., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 16-4496
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
Listing Contract Date: 2016-09-14
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 1.5
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Scranton Mall Associates
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 409
Street Name: Lackawanna Ave
Municipality: Scranton City
State: PA
Postal Code: 18503
County: Lackawanna
High School District: Scranton
City Region: Central City
Land Value: 124000
Improvement Value: 197500
County Tax Amount: 18460.53
Municipal Tax Amount: 38818.99
School Tax Amount: 39792.06
Tax Annual Amount: 97071.58
Tax Year: 2016
Tax Assessed Value: 321500
Parcel Number: 15635010001
Additional Parcels YN: No
Zoning Description: Commercial
Directions: Located in Downtown Scranton. From I-81, take the Scranton Expressway into Scranton. Take a left onto Jefferson/Lackawanna Ave and continue through the next two intersections (Adams and N. Washington Ave). The Oppenheim building will be to your right at the intersection of Lackawanna and Wyoming Ave. Property to be sold at Sheriff Sale October 18, 2016 Lackawanna County at 10AM. See attached.
Tax Book Number: 200735174
General Property Information
Building Area Total: 122773
Building Area Total (Report Only): 122773
Enhanced Accessible: No
Year Built: 1888
Building Name: N/A
Parking Total: 65
Lot Size Acres: 0.5
Lot Size Dimensions: 202.78x135.19
Land Lease YN: No
Basement YN: Yes
Stories: 8
Auction YN: No
List Price/SqFt: 23.62
Sold Price/SqFt: 9.77
Remarks and Miscellaneous
Public Remarks: This class A office building with its 1897 origin as a department store is a tenant-occupied opportunity with room for growth.
The structure is framed in steel and includes a mezzanine and executive concourse, concrete and wood floors, flat, and a steel roof with a rubber membrane cover. Column spacing is 16' x 20'. Masonry sidewalls are covered with a limestone facade.
The open config. hosts three elevators, bathrooms on each floor, and a 4 story atrium. The HVAC includes seven nat. gas fired boilers and the electric service offers 800 amps,298/120v, 3 phase service.
The eight floors offer 146,687 gross square feet, 122,773 rentable square feet, plus a 32,194 gsf basement., Tax Information: Available, Additional Info: Financial data is available upon request., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2017-06-08T14:39:49Z
Major Change Type: Status Change
Price Change Timestamp: 2016-10-18T20:06:18Z
Status Change Timestamp: 2017-06-08
Purchase Contract Date: 2017-02-10
Close Date: 2017-06-08
Close Price: 1200000
Buyer Financing: Conventional
Building Features
Included In Contract: Land/Building
Office SqFt: 122773
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 337.97
Special Listing Conditions
Foreclosure Deed Recorded: Yes
Property Features
Building Features: Elevator; Finished Office; Prime Location; Public Restrooms; Window(s)
Construction Materials: Stone; Wood Siding
Cooling: Central Air
Current Use: Commercial; Office
Electric: 200 or Less Amp Service; 200+ Amp Service; 220 Volts; Phase 3
Flooring: Ceramic Tile; Concrete
Heating: Hot Water; Natural Gas
Levels: Three Or More
Listing Terms: Cash
Lot Features: Corner Lot; Level; Near Central Business District; Near Office Center; Near Regional Mall
Parking Features: Off Site; None
Possession: Close Of Escrow
Road Frontage Type: City Street
Roof: Metal; Rubber
Sewer: Public Sewer
Special Listing Conditions: In Foreclosure
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
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.