116 Franklin Avenue Scranton, PA 18503
Mixed-use building near Lackawanna Avenue, prime investment opportunity.
Type:Commercial/Industrial
Property size:
4,044 SFLot size:
0.07 AcresPrice / SF:
$54/SF- Added:
- Mar 16, 2026
- Days on Market:
- 52
- Last Refresh:
- Apr 5 at 8:45 pm
Property Features for 116 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 4,044 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing agent Kyle Savage License #RS340241
Listing office Christian Saunders Real Estate (800) 372-4222
Listing date Mar 16, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Christian Saunders Real Estate
HighLights
- Prime downtown Scranton location near Lackawanna Avenue, surrounded by thriving businesses and restaurants.
- High‑income potential due to increasing demand for commercial and residential spaces.
- Anticipated high‑speed rail service connecting Scranton to New York City, expected to increase property values.
- 4,000+ Sq Ft mixed‑use building suitable for retail, office, apartments, or short‑term rentals.
- Located within a short distance of The University of Scranton, medical centers, and key transportation hubs.
- Downtown Scranton's ongoing revitalization efforts and Federal Opportunity Zone status.
Overview
Mixed-Use Building in Downtown Scranton
This mixed-use building, encompassing over 4,000 square feet, is situated just off Lackawanna Avenue in downtown Scranton. The property is surrounded by businesses and restaurants, benefiting from ongoing revitalization efforts. The location is near The University of Scranton, medical centers, and transportation hubs. The property is suitable for retail, office spaces, apartments, or short-term rentals. The area is experiencing high occupancy rates with rising rental demand and property values. The building's location in a Federal Opportunity Zone makes it a strategic investment. Scranton is anticipating the arrival of high-speed rail service connecting the city to New York City. Federal approval was granted in early 2025 for this project, which will reestablish passenger rail service with three daily round trips. Trains will reach speeds of up to 110 mph, connecting Scranton to Morristown, Newark, and New York Penn Station. This transportation upgrade is expected to increase property values and attract new businesses, enhancing Scranton's appeal as an investment location. Increased demand for housing, office space, and retail is expected with the future arrival of high-speed rail.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.668055
- Latitude
- 41.4095256
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building near Lackawanna Avenue, prime investment opportunity.
Where is this mixed-use property located?
The property is located at 116 Franklin Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Prime downtown Scranton location near Lackawanna Avenue, surrounded by thriving businesses and restaurants.; High‑income potential due to increasing demand for commercial and residential spaces.; Anticipated high‑speed rail service connecting Scranton to New York City, expected to increase property values.
