Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 Mulberry St Scranton, PA 18503

    Sponsored
    For Lease
    $4,400 /Mo ($24 SF/Yr)

    COMMERCIAL - Scranton, PA

    Property size:
    2,150 SF
    Lot size:
    0.50 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 22 at 9:06 am

    Property Features for 301 Mulberry St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CT020
    Rooms
    Basement
    APN
    14583020001
    Parking
    36
    Parking features
    Parking Lot, Off Street
    Exterior features
    Lighting, Private Entrance
    Size
    2,150 SF
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Carpet

    We can help!

    Listing Contact
    Linda Brodbeck
    Linda Brodbeck

    Coldwell Banker Town & Country Properties (570) 585-5845 [email protected]

    Listing agent Linda Brodbeck (570) 586-9636

    Listing date Dec 31, 2025

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Modern Office Space in Scranton

    This modern commercial property offers premier office space with a welcoming foyer and warm, rich woodwork throughout. The layout includes six or seven spacious private office rooms, a conference or reception area, a lunch room, and a large, upgraded restroom. The property benefits from excellent exposure due to its storefront window and high-visibility signage at a desirable, high-traffic corner lot location on Penn and Mulberry. Easy access is provided to front and rear parking lots with 36 parking spots. The interior configuration can be customized to suit specific needs. Some buildout has commenced, resulting in a more open floor plan in the front section of the building, lending itself to many commercial uses. The landlord covers all utilities, including electric, gas, heat, water, trash, exterior maintenance, and snow removal for both parking lots. The property size is 2150 square feet and sits on a 0.5-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Omni Health Services, ... Counselor THOMAS J CHICHAK Physical Therapist

    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
    -75.663086
    Latitude
    41.412075

    Nearby Similar for Lease

    • $10 SF/Yr
      2,800 SF

      Turnkey Commercial Space in Scranton

      Versatile commercial property, currently a salon, ready for various business.
      1805 Sanderson Ave, Scranton, PA 18509
      View Details
    • $1,850 /Mo
      1,250 SF

      Prime Scranton Office Space Available

      Highly visible office space in central Scranton with included utilities.
      600 Lackawanna Unit Fl 2, Scranton, PA 18503
      View Details
    • $5,000 /Mo
      6,200 SF

      Retail Space Near Dunkin Donuts

      6,200 sq ft commercial space next to Dunkin Donuts.
      1337 N Main Ave, Scranton, PA 18508
      View Details
    • $3,500 /Mo
      2,500 SF

      Prime Scranton Office/Retail Space

      High-visibility office/retail space in central Scranton with included utilities.
      600 Lackawanna Ave Unit, Scranton, PA 18503
      View Details
    • $1,250 /Mo
      850 SF

      Prime Scranton Office Space

      Highly visible office space in central Scranton with included utilities.
      600 Lackawanna Ave Unit Flr 2, Scranton, PA 18503
      View Details
    • $650 /Mo
      19,200 SF

      Flexible Office and Coworking Space

      Varied office options with amenities in Scranton, PA.
      116 N Washington St, Scranton, PA 18503
      View Details
    • $1,200 /Mo
      800 SF

      Retail Space in High-Traffic Area

      800 SF retail space with ample parking in Scranton, PA.
      1730 Pittston Ave, Scranton, PA 18505
      View Details
    • $1,250 /Mo
      1,250 SF

      Scranton Commercial Space For Rent

      Commercial space in Scranton, PA, suitable for various businesses.
      1026 Jackson St, Scranton, PA 18504
      View Details
    • $1,400 /Mo
      3,600 SF

      Scranton Commercial Space For Lease

      Commercial space available for lease in Scranton, Pennsylvania.
      1111 Jackson St, Scranton, PA 18504
      View Details
    • $2,500 /Mo
      2,904 SF

      Versatile Commercial Space in Scranton

      Adaptable commercial space in high-traffic Scranton location.
      918 N Washington Ave, Scranton, PA 18509
      View Details
    • $2,000 /Mo
      2,000 SF

      Downtown Scranton Office Space Available

      Office space for rent in the heart of Scranton.
      116 N Washington Ave, Scranton, PA 18503
      View Details
    • $5 SF/Yr
      9,736 SF

      Scranton Warehouse Space Available

      9,736 SF warehouse for lease in Scranton, PA.
      302 E Locust St, Scranton, PA 18505
      View Details

    FAQs

    What type of property is this?
    Office space - Premier office space with storefront and high-visibility signage.
    Where is this office space located?
    The property is located at 301 Mulberry St Scranton, PA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic corner lot location (Penn & Mulberry) with excellent exposure and **high visibility signage**.; - Landlord pays all utilities and exterior maintenance, including snow removal for both parking lots.; - **Ample parking** with 36 spots in front and rear parking lots.
    (570) 498-1281
    Request Owner's contact information
    301 Mulberry St Scranton, PA 18503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 Mulberry St
    Scranton, PA 18503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    301 Mulberry St Scranton, PA 18503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Linda Brodbeck
    Linda Brodbeck
    Real Estate License ID: RS228142L
    (570) 498-1281
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.