Technical
Financial
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Property profile

119 Jefferson Ave Scranton, PA 18503

OFF-MARKET
Retail properties & Spaces
Property ID
US73-2877283
3,400 SF 0.93 ac lot Built 2017
Entity Owned
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Property summary

AI-generated overview

This exceptional retail property, located at 119 Jefferson Avenue in Scranton, Pennsylvania's vibrant historic downtown, presents a unique investment opportunity. The main building boasts 3,400 square feet of space, currently configured as a restaurant, and benefits from a prime location within a high-traffic area. The property's strategic positioning ensures excellent visibility and accessibility for customers. Adding to its appeal is the inclusion of an additional parking parcel, significantly enhancing the property's functionality and appeal. This supplemental parcel is located at 617-619 Lackawanna Avenue, Scranton, PA, providing ample parking for patrons and staff. The existing liquor license is available for negotiation, offering a significant advantage for prospective buyers seeking to continue the current restaurant operation or explore other suitable ventures. The 0.93-acre lot provides ample space for expansion or outdoor seating, further enhancing the property's versatility. This property is ideally suited for a variety of retail uses and represents a compelling investment in a thriving downtown area. The combination of prime location, ample parking, and the potential for a liquor license makes this a truly exceptional opportunity. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2017
Total area 3,400 SF
Lot 0.93 ac (40,511 SF)
UPID US73-2877283

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
  • Bar & Pub

Location

119 Jefferson Ave Scranton, PA 18503
Scranton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
7 recorded transactions
2025
$1.0M
2025
Price N/A
2022
Price N/A
2019
Price N/A
2019
$287,227
2018
$330,000
2018
Price N/A

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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