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    116 Franklin Ave Scranton, PA 18503

    Pending
    For Sale
    $219,900

    MULTI_FAMILY - Scranton, PA

    Property size:
    4,044 SF
    Lot size:
    0.07 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 116 Franklin Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    CT
    Rooms
    Basement, Bathroom 2, Bathroom 1
    APN
    15626020008
    Basement
    Unfinished
    Size
    4,044 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2

    Christian Saunders Real Estate (570) 947-3292 [email protected]

    Listing agent Kyle Savage (570) 335-0730

    Listing date Nov 22, 2025

    MLS# SC250549 Listing URL

    Copyright © 2025 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Scranton Mixed-Use Investment

    Located just off Lackawanna Avenue, this mixed-use building offers over 4,000 square feet of space in downtown Scranton. The property is situated amidst thriving businesses and popular restaurants, benefiting from ongoing revitalization efforts in the area. The location is within a short distance of The University of Scranton, medical centers, and key transportation hubs. The property is suitable for retail, office spaces, apartments, or short-term rentals. Downtown Scranton is experiencing high occupancy rates, with rising rental demand and increasing property values. The area is part of a Federal Opportunity Zone, adding to its strategic investment potential. Scranton is set to benefit from upcoming high-speed rail service connecting the city to New York City, with federal approval granted in early 2025. This project will reestablish passenger rail service, offering three daily round trips, connecting Scranton to key hubs. The anticipated transportation upgrade is expected to continue increasing property values and attract new businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.668055
    Latitude
    41.409523

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in downtown Scranton with high-income potential.
    Where is this mixed-use property located?
    The property is located at 116 Franklin Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - Prime downtown Scranton location, near Lackawanna Avenue, surrounded by businesses and restaurants.; - High-income potential due to increasing demand for commercial and residential spaces.; - Proximity to future high-speed rail service connecting Scranton to New York City (approved in early 2025).
    (570) 335-0730
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    116 Franklin Ave Scranton, PA 18503
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    Scranton, PA 18503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Franklin Ave Scranton, PA 18503
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