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    318 Penn Ave Scranton, PA 18503

    Pending
    For Sale
    $825,000

    SINGLE_FAMILY - Scranton, PA

    Type:Office
    Property size:
    5,000 SF
    Lot size:
    0.06 Acres
    Days on Market:
    164
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 318 Penn Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Pending
    Security features
    Security
    Zoning
    C-D
    Rooms
    Basement
    APN
    14583020006
    Parking
    26
    Parking features
    Off Street, Parking Lot
    Exterior features
    Lighting
    Basement
    Unfinished, Concrete
    Size
    5,000 SF
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Separate Meters, Central Air
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Hardwood, Tile - Ceramic, Carpet
    Building materials
    Brick, Concrete
    Roof type
    Rubber

    Realty Network Group (570) 585-6880 [email protected]

    Listing agent Scott J Weiland (570) 207-4747

    Listing date Jun 25, 2025

    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 Leased Mixed-Use Building

    Located in downtown Scranton, this renovated building is fully leased and includes parking for 26 cars in a lot directly across the street, which is included in the purchase and ready for construction. The property features three tenants: two commercial and one penthouse apartment, each with separate utilities and lucrative leases. The first and second floors offer executive offices and conference space. The luxurious and spacious penthouse apartment was recently renovated with bright and airy features, including high ceilings, hardwoods, new paint, new carpeting, new stainless steel appliances, washer and dryer, walk-in closets, two bathrooms, and an intercom/remote unlock feature for the front door, plus plenty of storage. The property is within steps of shopping and dining and close to the McDade Expressway and Interstate 81 for easy access. The property's zoning is C-D. The building size is approximately 5000 square feet and the lot size is 0.06 acres. A buyer interested in occupying the first floor is possible, providing excellent flexibility. The property is suitable for office, apartment, multifamily, residential income, parking, automotive, and retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Palumbo Group Thedgn Architect Flawless Future Medical ... Medical Spa

    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
    -75.664176
    Latitude
    41.41112

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    FAQs

    What type of property is this?
    Office building - Renovated building with parking, commercial tenants, and penthouse apartment.
    Where is this office building located?
    The property is located at 318 Penn Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Fully leased building with three tenants providing immediate income.; - Includes a parking lot across the street with 26 spaces, a rare and valuable amenity, and potential for future construction.; - Renovated penthouse apartment features high-end finishes, including new stainless steel appliances, hardwood floors, and in-unit washer/dryer.
    (570) 207-4747
    Request Owner's contact information
    318 Penn 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
    318 Penn Ave Scranton, PA 18503
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