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    401 Meridian Ave Scranton, PA 18504

    For Sale
    $625,000

    High-traffic location, investment opportunity

    Property size:
    1,568 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,568 square foot commercial property, situated on a 0.49-acre lot at 401 Meridian Avenue in Scranton, PA, presents a unique investment opportunity. Previously operating as a gas station (tanks removed, environmental study completed), the property is ideally suited for a variety of uses, including a drive-thru convenience store, lottery retailer, or similar ventures. Ample parking is available. The property's history as a gas station offers potential for future expansion, subject to necessary approvals from the City of Scranton. Prospective buyers are encouraged to conduct their own due diligence regarding the reinstatement of gas tanks. It's important to note that an easement exists along the property line shared with the Fraternal Brotherhood of Eagles, allowing for delivery truck access to the rear of the building. This ensures convenient logistics for any business operating on the site. The asking price is $625,000. This property offers significant potential for a savvy investor looking to capitalize on a high-traffic location and adaptable space. Don't miss this chance to acquire a valuable piece of Scranton real estate.

    Property Features for 401 Meridian Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,568 SF
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Laser Lube Meridian ... Oil Change Service

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -75.67792
    Latitude
    41.40513

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, investment opportunity
    Where is this commercial real estate located?
    The property is located at 401 Meridian Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $625,000.
    (570) 585-1500
    Request Owner's contact information
    401 Meridian Ave Scranton, PA 18504
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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
    401 Meridian Ave Scranton, PA 18504
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