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    119 Jefferson Ave Scranton, PA 18503

    Sponsored
    For Sale
    $1,200,000

    Historic District, High-Traffic Location, Liquor License Negotiable

    Property size:
    3,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail property, located at 119 Jefferson Avenue in Scranton, Pennsylvania's vibrant historic downtown, presents a unique investment opportunity. The main building boasts 3,400 square feet of space, currently configured as a restaurant, and benefits from a prime location within a high-traffic area. The property's strategic positioning ensures excellent visibility and accessibility for customers. Adding to its appeal is the inclusion of an additional parking parcel, significantly enhancing the property's functionality and appeal. This supplemental parcel is located at 617-619 Lackawanna Avenue, Scranton, PA, providing ample parking for patrons and staff. The existing liquor license is available for negotiation, offering a significant advantage for prospective buyers seeking to continue the current restaurant operation or explore other suitable ventures. The 0.93-acre lot provides ample space for expansion or outdoor seating, further enhancing the property's versatility. This property is ideally suited for a variety of retail uses and represents a compelling investment in a thriving downtown area. The combination of prime location, ample parking, and the potential for a liquor license makes this a truly exceptional opportunity. Serious inquiries are encouraged.

    Property Features for 119 Jefferson Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,400 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    2017
    Property Profile Location Intelligence

    Current Use by Public Records

    The Railyard Restaurant & Bar Bar

    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
    -75.66206
    Latitude
    41.40602

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    FAQs

    What type of property is this?
    Retail property - Historic District, High-Traffic Location, Liquor License Negotiable
    Where is this retail property located?
    The property is located at 119 Jefferson Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (570) 586-9636
    Request Owner's contact information
    119 Jefferson 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
    119 Jefferson Ave Scranton, PA 18503
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