Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    302 E Locust Street Scranton, PA 18505

    View on Map
    Claim this Listing
    For Lease
    $4 SF/Yr $953/Mo (calc)

    COMMERCIAL - Scranton, PA

    Property size:
    2,860 SF
    Lot size:
    0.83 Acres
    Added:
    Dec 20, 2025
    Days on Market:
    139
    Last Refresh:
    May 8 at 5:06 am

    Property Features for 302 E Locust Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    15619010019
    Size
    2,860 SF
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    240X150x242x132x2x20 W-11 B-021 L-019 P-001
    Tax Annual Amount
    14839

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1902
    Floors in Building
    1

    We can help!

    Listing Contact
    Justin Solano

    Listing agent Justin Solano

    Listing office The Daniel Perich Group 800 Main Street, Stroudsburg, PA

    Listing date Dec 20, 2025

    MLS# PM-138006

    Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,680 SF office space in South Scranton
    • Functional layout with private offices and common area
    • Convenient to highways and public transit
    • Central air conditioning included
    • Public utilities included
    • Electric heat

    Overview

    Office Space in Scranton, PA

    This 2,680 square foot office space is available for lease within a multi-tenant building located in South Scranton. The layout is functional, featuring private offices and a common area. Public utilities are included, along with electric heat and central air conditioning. The property is conveniently located near highways and public transit. The lot size is 0.83 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.674277
    Latitude
    41.395924

    Nearby Similar for Lease

    • $10 SF/Yr

      Turnkey Commercial Space in Scranton

      Versatile commercial property, currently a salon, ready for various business.
      1805 Sanderson Avenue, Scranton, PA 18509
      View Details
    • $2,500/Mo

      Main Avenue Commercial Space Available

      Commercial space in a busy central location, suitable for retail/office.
      409 N Main Avenue, Scranton, PA 18504
      View Details
    • $2,200/Mo

      Scranton Retail or Office Space

      Commercial space suitable for retail or office use in Scranton.
      409 N Main Avenue, Scranton, PA 18504
      View Details
    • $5 SF/Yr

      Retail Space in Scranton

      6,534 SF retail space for lease in Scranton.
      302 E Locust Street, Scranton, PA 18505
      View Details
    • $5,000/Mo

      Retail Space Near Dunkin Donuts

      6,200 sq ft commercial space next to Dunkin Donuts.
      1337 N Main Avenue, Scranton, PA 18508
      View Details
    • $2,500/Mo

      Versatile Commercial Space in Scranton

      Adaptable commercial space in high-traffic Scranton location.
      918 N Washington Avenue, Scranton, PA 18509
      View Details
    • $5 SF/Yr

      Scranton Warehouse Space Available

      9,736 SF warehouse for lease in Scranton, PA.
      302 E Locust Street, Scranton, PA 18505
      View Details
    • $13 SF/Yr

      Downtown Scranton Versatile Commercial Space

      Flexible commercial space suitable for office, retail, or food-service.
      541 Wyoming Avenue unit: Fl 2, Scranton, PA 18509
      View Details
    • $13 SF/Yr

      Downtown Scranton Versatile Commercial Space

      Flexible commercial space suitable for various business types.
      541 Wyoming Avenue unit: Fl 1, Scranton, PA 18509
      View Details
    • $500/Mo

      Scranton Garage Space For Lease

      637 SF garage space for lease near I-81.
      302 E Locust Street, Scranton, PA 18505
      View Details
    • $650/Mo

      Flexible Office and Coworking Space

      Varied office options with amenities in Scranton, PA.
      116 N Washington, Scranton, PA 18503
      View Details
    • Sponsored
      Contact for pricing

      PA, Scranton - Oakwood Drive

      1 Oakwood Dr, Scranton, PA 18504
      View Details

    FAQs

    What type of property is this?
    Office units - 2,680 SF office space for lease in South Scranton.
    Where is this office units located?
    The property is located at 302 E Locust Street Scranton, PA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 2,680 SF office space in South Scranton; Functional layout with private offices and common area; Convenient to highways and public transit
    (570) 500-0151
    We can help!
    Listing Contact
    Justin Solano
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    302 E Locust Street, Scranton, PA 18505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!