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    201 Washington Ave Scranton, PA 18503

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Scranton location, 7,792 sq ft available

    Lot size:
    7,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, totaling 7,792 contiguous square feet, is ideally situated at the corner of North Washington Avenue and Biden Street in Scranton's vibrant downtown. Previously occupied by a Rite Aid, this first-floor location offers significant visibility and accessibility for businesses seeking a high-traffic area. The space is zoned C-D (Downtown Commercial), providing flexibility for a variety of retail uses. With a minimum divisible space of 6,280 square feet, this property is suitable for both large and potentially smaller tenants. The property's location within the Scranton submarket of Lackawanna County offers easy access to a dense population base and ample parking opportunities (details to be confirmed separately). The property's Assessed Parcel Number (APN) is 15627020018. This is a rare opportunity to secure a prominent retail space in a thriving downtown area. The building's layout and features are available upon request. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The entire 7,792 square feet is currently vacant and ready for immediate occupancy. This presents a unique chance to establish a strong presence in a high-demand location.

    Property Features for 201 Washington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,792 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    7,792 SF
    Rate per SF
    $15

    HighLights

    • 7,792 square feet of vacant retail space available for lease in Scranton, PA.
    • Located at 201 N. Washington Avenue, corner of N. Washington and Biden Street.
    • Formerly occupied by Rite Aid.
    • Minimum divisible space: 6,280 square feet; maximum contiguous space: 7,792 square feet.
    • Zoned C‑D (Downtown Commercial).
    • APN: 15627020018, Lackawanna County.
    Property Profile Location Intelligence

    Current Use by Public Records

    HRT RenewVital Sports Medicine Physician Rite Aid Pharmacy Pharmacy Western Union Money Transfer Service CDReload - Online Bitcoin ... Crypto Atm Amazon Hub Counter ... Mailing Service

    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
    -75.663706871401
    Latitude
    41.407950847594

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    FAQs

    What type of property is this?
    Retail property - Prime Scranton location, 7,792 sq ft available
    Where is this retail property located?
    The property is located at 201 Washington Ave Scranton, PA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 7,792 square feet of vacant retail space available for lease in Scranton, PA.; Located at 201 N. Washington Avenue, corner of N. Washington and Biden Street.; Formerly occupied by Rite Aid.
    Request Owner's contact information
    201 Washington Ave Scranton, PA 18503
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    Scranton, PA 18503
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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
    201 Washington Ave Scranton, PA 18503
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