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    1001 Main Ave Scranton, PA 18504

    Sponsored
    For Lease
    $10 SF/Yr ($7,083 /Mo)

    8,500 SF Free-Standing Retail Space

    Lot size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,500-square-foot free-standing retail building is located at 1004-1018 S Main Ave in Scranton, Pennsylvania, within Lackawanna County (zip code 18504). The property, situated at 41.4018669, -75.6866582, offers a single-tenant occupancy and is currently entirely vacant. Previously occupied by a CVS Pharmacy, this versatile building presents a significant opportunity for a variety of businesses. Its adaptable layout makes it suitable for a wide range of uses, including but not limited to pharmacies, medical facilities, retail stores, automotive services, and other service-oriented enterprises. The building's prominent location in the heart of Scranton ensures high visibility and accessibility to a substantial customer base. This prime commercial property is available for both lease and sale, providing flexibility for potential buyers and tenants. The property consists of one building and offers a substantial 8,500 square feet of space ready for immediate occupancy. Serious inquiries are encouraged to explore this exceptional investment opportunity in a thriving Pennsylvania market.

    Property Features for 1001 Main Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,500 SF
    Total Rate
    7083.33

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    8,500 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    Sabor Caribeno Restaurant ... Restaurant McCarthy - Remick Flowers Florist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6866582
    Latitude
    41.4018669

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    FAQs

    What type of property is this?
    Individual retail property - 8,500 SF Free-Standing Retail Space
    Where is this individual retail property located?
    The property is located at 1001 Main Ave Scranton, PA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    1001 Main Ave Scranton, PA 18504
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    Scranton, PA 18504
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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
    1001 Main Ave Scranton, PA 18504
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