243 Penn Ave Scranton, PA 18503
This 1,239 square foot Class B office building at 243 Penn Ave, Scranton, PA 18503, is available for $99,900. Located in a mixed-use condominium building with both residential and commercial spaces, this vacant unit offers a prime opportunity for owner-users. The property, which has been under the same ownership for nearly 40 years, features one story in a single building constructed in 1978. It boasts convenient access to the Scranton Expressway and I-81. Previously occupied by a well-established dental practice, this space is ready for immediate occupancy on May 9, 2024. The monthly HOA fee is $344.87, with an additional $104 monthly roof assessment through 2025. The property is zoned for commercial use and has a price per square foot of $80.63. The APN is 14583040007. A new roof improvement project is scheduled to begin in October 2024, per the HOA. This versatile space is suitable for executive, medical, or traditional office uses. This is a unique opportunity to own a piece of Scranton's downtown commercial landscape.
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Dr. Stephen X. Solfanelli Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.