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    401 Adams Ave Scranton, PA 18510

    Sponsored
    For Sale
    $2,990,000

    97,481 SF Six-Story Building, $2.99M

    Property size:
    97,481 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional six-story, 97,481 square foot traditional office building located at 401 Adams Avenue in Scranton, Pennsylvania, presents a compelling redevelopment opportunity. Currently zoned D (City Downtown Mixed Use), this property offers significant potential for adaptive reuse. The building's substantial size, situated on a parcel identified as part of PIN: 1458401001701, makes it ideal for a variety of projects. The asking price of $2,990,000 represents a remarkable value for a building of this scale. While currently configured as multi-tenant office space, the property's zoning allows for exploration of alternative uses, including the possibility of conversion to multi-family residential units. Please note that the property will be subdivided prior to closing, and property taxes are to be determined. This is a unique chance to acquire a significant asset in Scranton's vibrant downtown core. The building's location within Lackawanna County, PA, zip code 18510, provides excellent access to local amenities and transportation networks. This is a prime opportunity for investors and developers seeking a large-scale project with substantial upside potential. Serious inquiries are encouraged.

    Property Features for 401 Adams Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    97,481 SF

    Building Details

    Buildings
    1
    Stories
    6

    HighLights

    • $2,990,000 asking price for a 97,481 square foot office building.
    • Located at 401 Adams Ave, Scranton, PA 18510.
    • Six‑story building zoned D (City Downtown Mixed Use) in Lackawanna County.
    • Potential for multi‑family redevelopment.
    • Property to be subdivided before closing; taxes to be determined.
    Property Profile Location Intelligence

    Current Use by Public Records

    Firestone Alan N ... Dentist Stofko Albert E ... Dentist Lackawanna College Commons ... College Tara Pagotto Audiologist Ashley L. Davis, ... Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.659466979955
    Latitude
    41.409710899804

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    FAQs

    What type of property is this?
    Office Property / Space - 97,481 SF Six-Story Building, $2.99M
    Where is this office property / space located?
    The property is located at 401 Adams Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $2,990,000.
    What are key features of this property?
    This property features: $2,990,000 asking price for a 97,481 square foot office building.; Located at 401 Adams Ave, Scranton, PA 18510.; Six-story building zoned D (City Downtown Mixed Use) in Lackawanna County.
    Request Owner's contact information
    401 Adams Ave Scranton, PA 18510
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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
    401 Adams Ave Scranton, PA 18510
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