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Downtown Office Sublease Space
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201 Penn Ave, Scranton, PA 18503

Full-service sublease office space features multiple elevators, a large common break area, and an exterior courtyard with seating.

Property Size1,841 SF
Days on Market481

Property Features for 201 Penn Ave

General Information

Standard status Active
Size 1,841 SF
Property subtype RETAIL
Listing Agency: NAI Geis | Clarks Summit
Listed By: Michael C. Detter
Source: Moodyscre
Added: Apr 7, 2025 Changed: Jul 26 Last Checked: Jul 31 at 7:53AM

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 NAI Geis | Clarks Summit

Investment Insights

Based on property information with market context.

This full-service sublease provides office accommodations within a managed building environment. Tenant access is supported by three passenger elevators and one freight elevator, along with shared amenities that include a large common break area with seating on the lower level.

The property also includes an exterior courtyard with seating and tables. It is located in downtown Scranton, within easy reach of restaurants, hotels, shopping, and modern apartments.

Parking is supported by two public parking garages within a half block, helping streamline day-to-day visits and employee commute needs.

Key Highlights

  • Full‑service sublease office space
  • 3 passenger elevators plus 1 freight elevator
  • 2 public parking garages within 1/2 block

Property Analytics

Current Use

PNC Bank Bank Saunders Law Law Firm Elliott Greenleaf & Dean: ... Law Firm PNC ATM Atm PNC Mortgage Loan Service

Suggested Use

Top Pick Real Estate Agency Garden Center Carpet & Flooring Store Locksmith Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,505
Businesses Nearby

Demographics for 18503, PA

1,792
Population
1,051
Households
1.7
Avg Household Size
44
Median Age
40%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
3,584
Density / Sq Mi
$40,214
Median Household Income
$27,863
Median Earnings
$933
Median Rent
$259,400
Median Home Value

Market

Lease Benchmarks for Scranton, PA

$14.3 /SF/Yr
Avg Asking Price
$11.41–$17.1 /SF/Yr
Price Range
2,282 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Full-service sublease office space features multiple elevators, a large common break area, and an exterior courtyard with seating.
Where is this office units located?
The property is located at 201 Penn Ave Scranton, PA.
What are key features of this property?
This property features: Full‑service sublease office space; 3 passenger elevators plus 1 freight elevator; 2 public parking garages within 1/2 block
(570) 468-8818 Call to check price and availability
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