148 Adams Ave Scranton, PA 18503

This exceptional mixed-use property at 148 Adams Ave, Scranton, PA 18503, offers 11,068 square feet across two stories on a 0.13-acre lot. Currently 100% occupied, it features four units including three ground-floor storefronts generating $2,650 in monthly rent. The main office space occupies approximately three-quarters of the building. The building boasts stunning woodwork and is situated in a Federal Opportunity Zone, providing significant tax advantages. Its prime downtown location, near the University of Scranton, Radisson Hotel, and a parking garage, ensures high visibility and accessibility. The permitted commercial zoning allows for flexibility, with potential for expansion up to seven stories and conversion of upper floors into residential units (up to six apartments), creating a substantial return on investment. This presents a unique opportunity to capitalize on Scranton's revitalized downtown area and its thriving commercial and academic sectors. The property's rich history and current strong occupancy make it an attractive investment for both developers and long-term owners.