1017 Prescott Ave Scranton, PA 18510
- Commercial real estate
- 7,050 SF
- 0.27 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1017 Prescott Ave
- Year built
- 1945
- Lot size
- 0.27 lot acres
- Property size
- 7,050 SF
- Property type
- Commercial real estate
Description
This exceptional Scranton, Pennsylvania investment opportunity presents a 7,050 square foot multifamily property situated on a 0.27-acre lot at 1017 Prescott Avenue, zip code 18510. The property, built in 1945, consists of two buildings and two stories, and is zoned C2. The main building houses three apartment units, each offering significant rental income potential, priced at $183,000 per unit. The asking price for the entire property is $549,000, translating to a price per square foot of $77.87. A large, attached garage provides ample space, ideal for various commercial uses such as an art studio, warehouse, or storage facility. The garage features large, easily accessible doors, facilitating convenient access for vehicles and equipment. This versatile property offers a unique blend of residential and commercial potential, making it suitable for business expansion, new ventures, or simply generating substantial rental income. The property's location in the vibrant Petersberg Corners area of Scranton adds to its appeal. This is a rare opportunity to acquire a well-positioned, income-generating property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.6414932
- Latitude
- 41.4114717
