Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Clover St Scranton, PA 18501

    Sponsored
    For Sale
    $175,000

    LAND - Scranton, PA

    Lot size:
    47.16 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 27 at 10:06 pm

    Property Features for Clover St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    1230201000102
    Lot size
    47.16 Acres

    We can help!

    Listing Contact
    Conor Rodgers

    Berkshire Hathaway HomeServices Prime Philadelphia (215) 338-3200

    Listing agent Conor Rodgers

    Listing date Jan 27, 2026

    MLS# PM-136908 Listing URL

    Copyright © 2026 Pocono Mountains Association of Realtors. 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

    47 Acres in Downtown Scranton

    Located in downtown Scranton, this 47.16-acre parcel (2,054,289 square feet) offers a rare opportunity. The irregular-shaped lot has a 37-foot road frontage on Pike Street. The longest side of the lot stretches 3,435 feet, almost reaching from Morgan Highway to Leggetts Creek, near the I-81 Expressway. The topography indicates that most of the lot is 1,200 feet above sea level. Easily accessible from I-476, I-81, Route 11, and The Morgan Highway, the site overlooks the city and is approximately a 5-minute drive to downtown Scranton. The location is near Wilkes-Barre, East Stroudsburg, and other Pocono locations, potentially serving as a main hub in the Northeast Region of Pennsylvania. The property is in the Scranton School District. The tax assessment for 2025 is $318,420, with annual taxes of $6,719.99. Future development options include residential homes, warehouses, or commercial spaces. A nearby shopping mall, Viewmont Mall, sits on a similar-sized parcel, and there is an abundance of commercial businesses in the immediate area, suggesting a need for housing. Potential uses include mining, a solar farm, a wind farm, a campground, development, subdivision, or a private residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Solar farms

    Map

    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.666876
    Latitude
    41.455923

    Nearby Similar for Sale

    • New
      $435,000
      Pending

      Green Ridge Duplex with Income

      Stately Green Ridge duplex, ideal for investors or owner-occupants.
      1936 N Washington Ave, Scranton, PA 18509
      View Details
    • $399,000
      Pending

      North Scranton Updated Four-Unit Building

      Well-maintained four-unit building in North Scranton with updated features.
      955-961 Providence Rd, Scranton, PA 18508
      View Details
    • $450,000
      4,234 SF

      Established Day Care Center For Sale

      Thriving day care center in Scranton's Keyser Valley area.
      2118 Washburn St, Scranton, PA 18504
      View Details
    • $699,000
      4,000 SF

      Turnkey Medical Office For Sale

      Fully functional medical office with equipment and parking available for sale.
      2603 Stafford Ave, Scranton, PA 18505
      View Details
    • $290,000
      Pending

      Well-Maintained Taylor Two-Family Home

      Two-family home in Taylor with rental income potential.
      1295 Reynolds Ave, Scranton, PA 18517
      View Details
    • $450,000
      3,171 SF

      Remodeled Two-Unit Home, Scranton

      Fully remodeled 2-unit home in Scranton's historic Hill section.
      342 Harrison Ave, Scranton, PA 18510
      View Details
    • New
      $820,000
      9,000 SF

      Scranton Multifamily Investment Opportunity

      Seven-unit multifamily property near hospitals and schools in Scranton, PA.
      622 Jefferson Ave, Scranton, PA 18510
      View Details
    • $185,000
      Pending

      Turnkey Duplex Investment Opportunity

      Fully occupied duplex with updated units, ideal for investors.
      1606 Dickson Ave, Scranton, PA 18509
      View Details
    • $415,000
      Pending

      Throop Mixed-Use Commercial Building

      Commercial building with storefront and residential units in Throop.
      717 Center St, Scranton, PA 18512
      View Details
    • $272,000
      Pending

      Charming Two-Unit Investment Opportunity

      Two-unit property with spacious layouts and desirable amenities.
      2009-2011 Margaret Ave, Scranton, PA 18508
      View Details
    • $399,000
      3,542 SF

      Prime Commercial Space in Scranton

      Highway Commercial District property with income potential and flexible layout.
      381 N 9Th Ave, Scranton, PA 18504
      View Details
    • $689,000
      4,100 SF

      Turnkey Commercial Property with Apartments

      Versatile commercial property with salon, spa, and apartment units.
      1805 Sanderson Ave, Scranton, PA 18509
      View Details

    FAQs

    What type of property is this?
    Land - 47-acre parcel suitable for development, mining, solar, or wind farm.
    Where is this land located?
    The property is located at Clover St Scranton, PA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Large 47-acre parcel in downtown Scranton, a rare opportunity for development.; - Priced at $0.09 per square foot, an exceptional value.; - Versatile development potential: residential, warehouse, commercial, and more.
    (215) 338-3200
    Request Owner's contact information
    Clover St Scranton, PA 18501
    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.
    Clover St
    Scranton, PA 18501
    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
    Clover St Scranton, PA 18501
    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
    Conor Rodgers
    (215) 338-3200
    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.