Property profile

321 Meridian Ave Scranton, PA 18504

FOR LEASE
Retail properties & Spaces
Property ID
US73-2078513
7,104 SF
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 7,104-square-foot retail space is available for lease at 321 Meridian Avenue in Scranton, Pennsylvania. Located in Lackawanna County, this single-tenant property presents a significant opportunity for businesses seeking a prominent location. The entire building is currently vacant, offering a blank canvas for a new tenant to customize the space to their exact specifications. The property's size allows for a wide range of retail uses, from large-format stores to smaller businesses requiring ample space. Its address on Meridian Avenue ensures high visibility and accessibility for customers. The property is situated in Scranton, PA, zip code 18504, providing convenient access to local amenities and a strong customer base. This is a prime opportunity to establish a thriving retail presence in a desirable location. The property is classified as commercial retail and offers a single tenancy, making it ideal for businesses seeking a dedicated and spacious location. Interested parties are encouraged to inquire for further details and leasing information. The property's size and location make it an attractive proposition for businesses looking to expand or establish themselves in the Scranton market. This is a rare opportunity to secure a substantial retail space in a prime location. The property is ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,104 SF
UPID US73-2078513

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
  • Medical Clinic

Location

321 Meridian Ave Scranton, PA 18504
Scranton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2022
4 recorded transactions
2022
$4.9M
2017
$4.4M
2016
Price N/A
2016
$465,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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