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Downtown Office Suite
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201 Penn Ave, Scranton, PA 18503

Full-service sublease office suite with passenger and freight elevators, plus shared break area and exterior courtyard seating.

Property Size5,120 SF
Days on Market482

Property Features for 201 Penn Ave

General Information

Standard status Active
Size 5,120 SF
Property subtype OFFICE
Listing Agency: NAI Geis | Clarks Summit
Listed By: Michael C. Detter
Source: Moodyscre
Added: Apr 7, 2025 Changed: Jul 27 Last Checked: Jul 31 at 9:21AM

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 offers an office suite within a multi-elevator building. The common areas include a large break area with seating on the lower level, along with an exterior courtyard featuring seating and tables. The building is served by three passenger elevators and one freight elevator.

The property is located downtown Scranton, with restaurants, hotels, shopping, and modern apartments in the surrounding area. Parking convenience is supported by two public parking garages within a half block.

The space is available as a sublease and is positioned within a complete office environment designed for everyday tenant operations, with shared amenities that support both workday and informal downtime.

Key Highlights

  • Full‑service sublease office suite
  • 3 passenger elevators and 1 freight elevator
  • Large common break area with seating on the lower level

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 suite with passenger and freight elevators, plus shared break area and exterior courtyard 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 suite; 3 passenger elevators and 1 freight elevator; Large common break area with seating on the lower level
(570) 468-8818 Call to check price and availability
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