314 Market St Scranton, PA 18508
- Commercial real estate
- 6,400 SF
Current Use by Public Records
- Commercial real estate
Property Details for 314 Market St
- Property size
- 6,400 SF
- Property type
- Commercial real estate
Description
This exceptional eight-unit apartment building, located at 314 W Market St in Scranton, Pennsylvania, presents a compelling investment opportunity. The property boasts 6,400 square feet and is priced at $799,000, translating to $124.84 per square foot and $99,875 per unit. Classified as a Class C multifamily property, it offers significant potential for return on investment. Situated in the desirable Greenridge area, this well-maintained building provides off-street parking for residents. A key advantage is that tenants are responsible for their own electricity, simplifying management and maximizing profitability. The convenient location, minutes from major roads and popular stores, ensures consistent tenant occupancy. This property is ideally positioned to attract and retain high-quality tenants within a thriving neighborhood. The address is 314 W Market St, Scranton, PA 18508, in Lackawanna County. This is a rare opportunity to acquire a stable, income-generating asset in a strong rental market. Don't miss this chance to capitalize on a proven investment in a high-demand area.
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
- -75.6592409
- Latitude
- 41.4400211
