Property profile

243 Penn Ave Scranton, PA 18503

OFF-MARKET
Office Spaces
1,239 SF Built 1978
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1978
Total area 1,239 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
  • Dental Office

Location

243 Penn Ave Scranton, PA 18503
Scranton metro
Google Maps

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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