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Property profile & analytics
FOR LEASE
Commercial real estate

321 Meridian Ave Scranton, PA 18504

7,104 SF
Entity Owned 4-yr Hold
Property ID
US73-2078513
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fresenius Kidney Care West Scranton Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mdc Coastal 27 LLC · 4 yrs held
Mdc Coastal 27 LLC
since 2022
4 recorded transactions
2022
$4.9M
2017
$4.4M
2016
Price N/A
2016
$465,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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