Downtown Office
240 Penn Avenue Unit 201, Scranton, PA 18503
For Lease
$1,600/Mo
Second-floor workspace in a 1950 building with elevator access and shared restrooms.
Space Size1,500 SF
Days on Market295
Property Features for 240 Penn Avenue Unit 201
General Information
Standard status
Size
Net Rentable
Elevators
Property subtype
Space & Availability
Available Space
Contiguous Space
Floor
Space Use
Amenities
common area restrooms
Building Details
Building Size
Year Built
Listing Agency:
Hibble Harris Real Estate, Inc
Listed By:
Charles Hibble · License PA RM425364
(570) 815-1861
Source:
Luxehomesnepa
Added: Jan 22
Changed: Nov 10
Last Checked: Nov 10 at 2:22PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A roughly 1,500-square-foot office suite occupies the second floor of the Needle Law Building, constructed in 1950. The property includes elevator service and shared restrooms in maintained common areas.
The suite is at 240 Penn Avenue in downtown Scranton, near restaurants, courts, and business services.
The suite is at 240 Penn Avenue in downtown Scranton, near restaurants, courts, and business services.
Key Highlights
- Approximately 1,500 square feet on the second floor
- Elevator access in the 1950‑built Needle Law Building
- Common‑area restrooms are maintained for building users
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Scranton, PA
$16.59 /SF/Yr
Avg Asking Price
$12.65–$20.61 /SF/Yr
Price Range
7,938 SF
Avg Space Size
This space is priced 23% below the average of $16.59 /SF/Yr.
Average Price Trend$/SF/Yr for Office Units in Scranton, PA
Properties on Market for Office Units in Scranton
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace in a 1950 building with elevator access and shared restrooms.
Where is this office unit 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 on the second floor; Elevator access in the 1950‑built Needle Law Building; Common‑area restrooms are maintained for building users
