329 Penn Ave, Scranton, PA 18503
- Mixed-use properties
- 18,000 SF
- 0.16 lot acres
Current Use by Public Records
- PathStone Corporation / Training Center
- Kapital Mortgage Lending LLC / Loan Service / Bank
- Commercial Lending Scranton PA / Loan Service / Bank
- Family Enrichment Center / Crisis Center / Medical Clinic
- Osborne Law LLC / Law Firm
Property Details for 329 Penn Ave
- Year built
- 1950
- Lot size
- 0.16 lot acres
- Property type
- Mixed-use properties
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 4, 2026 | — | 329 Penn Avenue Associates LLC | — | Deed · related | $1.2M · Wayne Bank |
| May 7, 2021 | — | 329 Penn Avenue Associates LLC | — | Deed · related | $1.7M · Wayne Bank |
| May 24, 2017 | — | 329 Penn Avenue Associates LLC | — | Deed · related | $1.1M · The Honesdale National Bank |
Description
This exceptional mixed-use property, located at 329-331 Penn Avenue in Scranton, Pennsylvania, presents a lucrative investment opportunity. The main building offers 18,000 square feet of space, currently divided into two floors of professional office space. Attached is a three-story building housing six luxury apartments, ensuring a diverse and stable income stream. The property boasts a total of 24 parking spaces, including a convenient two-car garage, significantly enhancing its appeal to tenants. Further adding to its value is an included parking lot, identified by tax ID #1458301003, providing ample parking for both residents and office workers. The property sits on a 0.16-acre lot. Both buildings feature a newly installed rubber roof, completed in 2017, ensuring long-term durability and reduced maintenance costs. Currently operating at 100% occupancy, this property offers immediate cash flow and significant potential for future appreciation. The asking price for this exceptional mixed-use investment is $2,199,000. This is a rare opportunity to acquire a fully occupied, well-maintained property in a desirable Scranton location. The combination of office space and luxury apartments provides a diversified revenue stream, making this an attractive investment for both seasoned and new investors. The ample parking further enhances the property's desirability and value.
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Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.66457
- Latitude
- 41.41169
