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    149 Penn Ave, Unit | Scranton Scranton, PA 18503

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    For Sale
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    Two mixed-use office buildings with redevelopment potential in Downtown Scranton.

    Property size:
    70 SF

    Property Features for 149 Penn Ave

    General Information

    Size
    70 SF

    Building Details

    Year built
    1925

    Source: Matt Macdonald Agent Matt Macdonald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Mixed-Use Office Buildings

    This prime redevelopment opportunity, located in a designated FOZ and KIZ zone in Downtown Scranton, includes a 70,000 square foot historic mixed-use office building and a 15,280 square foot mixed-use office building, along with a 0.49 acre adjacent parking lot.
    Location Intelligence

    Current Use by Public Records

    WQFM Radio Broadcaster WEJL-AN Radio Broadcaster Times-Shamrock Communications Newspaper Publisher Valley Advantage Newspaper Publisher Times-Shamrock Creative Services Graphic Designer

    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
    -75.666842
    Latitude
    41.409175

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    FAQs

    What type of property is this?
    Office building - Two mixed-use office buildings with redevelopment potential in Downtown Scranton.
    Where is this office building located?
    The property is located at 149 Penn Ave, Unit | Scranton Scranton, PA.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in Downtown Scranton.; - Located in a designated FOZ and KIZ zone.; - Includes a 70,000 SF historic mixed-use office building.
    (610) 238-8118
    Request Owner's contact information
    149 Penn Ave, Unit | Scranton 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
    149 Penn Ave, Unit | Scranton Scranton, PA 18503
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