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    Colfax Ave, Unit 2 Scranton, PA 18510

    For Sale
    $39,000

    LAND - Scranton, PA

    Lot size:
    0.29 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for Colfax Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R10
    APN
    1570608004501
    Lot size
    0.29 Acres

    Scranton Wilkes Barre Regional Realty dba Keller Williams Real Estate (570) 585-5800 [email protected]

    Listing agent The Bill Chupko Team (570) 585-5800

    Listing date Dec 2, 2025

    MLS# SC255176 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

    Scranton Land for Residential Development

    This 0.29-acre lot in Scranton, PA, presents an opportunity for residential or investment development. The property benefits from alley access in the rear, allowing for the potential construction of an accessory structure in addition to the main building. The location is near downtown, schools, hospitals, and major roadways, with Nay Aug Park within walking distance. Located in a well-established area, this vacant land is lot 2 of a subdivision. The Local Economic Revitalization Tax Assistance Program (LERTA) offers incentives for new construction or building improvements located within the City of Scranton, providing a 10-year tax exemption for improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.641102
    Latitude
    41.406093

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    FAQs

    What type of property is this?
    Land - Vacant land in Scranton, PA, ideal for residential development.
    Where is this land located?
    The property is located at Colfax Ave, Unit 2 Scranton, PA.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: - 10-year tax exemption on improvements through the LERTA program.; - Excellent location near downtown Scranton, schools, hospitals, and major roadways.; - Potential for residential or investment development.
    (570) 585-5800
    Request Owner's contact information
    Colfax Ave, Unit 2 Scranton, PA 18510
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    Scranton, PA 18510
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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

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    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
    Colfax Ave, Unit 2 Scranton, PA 18510
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