Second-Floor Office
For Lease
$1,600/Mo
240 Penn Avenue Unit 201, Scranton, PA 18503
Second-floor space includes elevator access and shared common-area restrooms.
Space Size1,500 SF
Days on Market194
Property Features for 240 Penn Avenue Unit 201
General Information
Standard status
Active
Size
1,500 SF
Net Rentable
1,500 SF
Elevators
Yes
Property subtype
Office
Space & Availability
Available Space
1,500 SF
Contiguous Space
1,500 SF
Floor
2
Space Use
Office
Sublease
No
Amenities
common area restrooms
Building Details
Building Size
1,500 SF
Year Built
1950
Listing Agency:
Hibble Harris Real Estate, Inc
(570) 585-4000
Listed By:
Charles Hibble · License #RM425364
Source:
Luxehomesnepa
Added: Jan 22
Changed: Aug 2
Last Checked: Aug 3 at 11:16AM
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 Hibble Harris Real Estate, Inc
Investment Insights
Based on property information with market context.
This approximately 1,500-square-foot office suite occupies the second floor of the Needle Law Building at 240 Penn Avenue. The property includes elevator service and common-area restrooms, supporting a practical setup for professional office operations. Constructed in 1950, the building provides an established setting for businesses seeking office space in downtown Scranton.
The suite is positioned near restaurants, courts, and business services. The stated use options include a professional office, medical practice, law firm, consulting operation, or administrative office, giving the space flexibility for several office-oriented users.
The suite is positioned near restaurants, courts, and business services. The stated use options include a professional office, medical practice, law firm, consulting operation, or administrative office, giving the space flexibility for several office-oriented users.
Key Highlights
- Approximately 1,500 square feet of office space
- Second‑floor suite at the Needle Law Building
- Elevator access and common‑area restrooms
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.92 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,147
Businesses Nearby
Explore this area
Business Placement
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
$13.85 /SF/Yr
Avg Asking Price
$11.41–$17.1 /SF/Yr
Price Range
5,124 SF
Avg Space Size
This space is priced 8% below the average of $13.85 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor space includes elevator access and shared common-area restrooms.
Where is this office units located?
The property is located at 240 Penn Avenue Unit 201 Scranton, PA.
What is the lease rate?
The lease rate is $1,600 /Mo.
What are key features of this property?
This property features: Approximately 1,500 square feet of office space; Second‑floor suite at the Needle Law Building; Elevator access and common‑area restrooms
