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    Property profile & analytics

    116 N Washington Ave, Unit 200 Scranton, PA 18503

    • Office buildings
    • 0.48 lot acres
    For Lease
    View listing
    $2,000 /Mo
    Value Estimation
    $2,390,000
    Last Sale
    Jun 16, 2021
    $2,450,000
    Location Intelligence
    Property ID
    US73-0192587
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • O’Connor Law / Attorney / Law Firm
    • Vive Studio / Photography Studio
    • Keystone Auto Transport / Vehicle Shipping Agent
    • Freedom Gold USA / Gold Dealer
    • Rain Tree / Clothing Store

    Property Details for 116 N Washington Ave

    Lot size
    0.48 lot acres
    Property type
    Office buildings
    APN
    15635020006
    APU
    15635020006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,440,000
      6.5%
      $2,295,000
      7%
      $2,460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,755,000
      Geo Method
      $2,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,100,000
      Retail
      $2,530,000
      Mixed-Use
      $2,605,000
      Hospitality
      $2,285,000
      Educational
      $2,745,000
      Residential Income
      $2,150,000
      Energy
      $2,305,000
      Income-Based Land
      $2,535,000
      Food Service
      $2,110,000

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6641
    Latitude
    41.4071
    CBSA code
    42540
    CBSA name
    SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $64,060
    $110,000
    $52,750
    $162,750
    -
    $110,000
    $52,750
    $162,750

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      231 Penn Ave

      OFFICE BUILDING • 0.11 Acres
      231 Penn Ave, Scranton, PA 18503-1921
      View Details
    • Value Estimation by Request

      308 Penn Ave, Unit 312

      OFFICE BUILDING
      308 Penn Ave, Scranton, PA 18503-1931
      View Details
    • Value Estimation by Request

      308 Penn Ave, Unit 312

      OFFICE BUILDING
      308 Penn Ave, Scranton, PA 18503-1931
      View Details
    • Value Estimation
      $885,000
      0.13 Acres

      201 Franklin Ave

      OFFICE BUILDING • 0.13 Acres
      201 Franklin Ave, Scranton, PA 18503-1947
      View Details
    • Value Estimation
      $840,000
      0.19 Acres

      413 Biden St, Unit 415

      OFFICE BUILDING • 0.19 Acres
      413 Biden St, Scranton, PA 18503-1803
      View Details
    • Value Estimation
      $3,610,000
      0.22 Acres

      142 Washington Ave

      OFFICE BUILDING • 0.22 Acres
      142 Washington Ave, Scranton, PA 18503-2200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70 SF

      Historic Mixed-Use Office Buildings

      Two mixed-use office buildings with redevelopment potential in Downtown Scranton.
      149 Penn Ave, Scranton, PA 18503
      View Details
    • Contact for pricing
      70,000 SF

      Redevelopment Opportunity with Parking

      Prime location in designated FOZ and KIZ with parking.
      133 Penn Ave, Scranton, PA 18503
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    • $1,850,000
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      Historic Commercial Building Redevelopment Opportunity

      11,000 SF historic building in shell condition, ready for redevelopment.
      400 North 6Th Ave, Scranton, PA 18503
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    • $825,000
      Pending

      Downtown Scranton Leased Mixed-Use Building

      Renovated building with parking, commercial tenants, and penthouse apartment.
      318 Penn Ave, Scranton, PA 18503
      View Details
    • $219,900
      Pending

      Downtown Scranton Mixed-Use Investment

      Mixed-use building in downtown Scranton with high-income potential.
      116 Franklin Ave, Scranton, PA 18503
      View Details
    • $2,199,000
      18,000 SF

      Prime Scranton Mixed-Use Investment

      Luxury Apartments & Office Space, High Occupancy
      329 Penn Ave, Scranton, PA 18503
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      2,000 SF

      Downtown Scranton Office Space Available

      Office space for rent in the heart of Scranton.
      116 N Washington Ave, Scranton, PA 18503
      View Details
    • $1,850 /Mo
      1,250 SF

      Prime Scranton Office Space Available

      Highly visible office space in central Scranton with included utilities.
      600 Lackawanna Unit Fl 2, Scranton, PA 18503
      View Details
    • $1,250 /Mo
      850 SF

      Prime Scranton Office Space

      Highly visible office space in central Scranton with included utilities.
      600 Lackawanna Ave Unit Flr 2, Scranton, PA 18503
      View Details
    • $3,500 /Mo
      2,500 SF

      Prime Scranton Office/Retail Space

      High-visibility office/retail space in central Scranton with included utilities.
      600 Lackawanna Ave Unit, Scranton, PA 18503
      View Details
    • $650 /Mo
      19,200 SF

      Flexible Office and Coworking Space

      Varied office options with amenities in Scranton, PA.
      116 N Washington St, Scranton, PA 18503
      View Details
    • $4,400 /Mo
      Pending

      Modern Office Space in Scranton

      Move-in ready office space with high visibility and parking.
      301 Mulberry St, Scranton, PA 18503
      View Details
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    116 N Washington Ave, Unit 200
    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
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