Property profile

401 Meridian Ave Scranton, PA 18504

OFF-MARKET
Other commercial real estate
1,568 SF 0.49 ac lot Built 1970
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Property summary

AI-generated overview

The property is a 1,568-square-foot commercial site located in Scranton, Pennsylvania on a 0.49-acre lot. It previously operated as a gas station; the underground tanks have been removed and an environmental study has been completed, leaving the site potentially suited to future fuel storage subject to applicable requirements. The site is configured with a drive-through convenience mart layout, includes lottery sales capabilities, and provides substantial on-site parking. An easement along the Fraternal Brotherhood of Eagles allows access for delivery trucks. Prospective users are expected to verify with the City of Scranton any approvals and conditions related to reinstating gas tanks, as the property’s suitability supports a range of business uses.

Property profile

Verified
Property type Other commercial real estate
Year built 1970
Total area 1,568 SF
Lot 0.49 ac (21,344 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

401 Meridian Ave Scranton, PA 18504
Scranton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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