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    2932 Penman St Scranton, PA 18505

    For Sale
    $69,000

    Vacant lot with residential zoning and development potential.

    Lot size:
    0.25 Acres

    Property Features for 2932 Penman St

    General Information

    Lot size
    0.25 Acres

    Source: Keller Williams Real Estate Agent Elizabeth Chang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot in Quiet Neighborhood

    This vacant lot is situated in a quiet neighborhood and is zoned R-11 City Neighborhood Mixed Residential. The property features a light slope, potentially simplifying construction and accommodating various residential options. These options include single-family or multi-unit housing. The location offers convenient access and flexible development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6985
    Latitude
    41.383644

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    FAQs

    What type of property is this?
    Land - Vacant lot with residential zoning and development potential.
    Where is this land located?
    The property is located at 2932 Penman St Scranton, PA.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: - Flexible development potential due to R-11 zoning (City Neighborhood Mixed Residential).; - Suitable for single-family or multi-unit housing.; - Convenient location.
    Request Owner's contact information
    2932 Penman St Scranton, PA 18505
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    Scranton, PA 18505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2932 Penman St Scranton, PA 18505
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