$ 1,099,900
148 ADAMS AVE Scranton, PA 18503
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$ 1,099,900
Est. payment /mo
Active
148 ADAMS AVE Scranton, PA 18503
11,068 SqFt
UPDATED:
10/18/2024 01:19 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,068 sqft
Price per Sqft $99
MLS Listing ID PALW2000382
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $14,078
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Welcome to the newly revitalized downtown Scranton, PA, where a rare real estate opportunity awaits. Overlooking the historic city square, this property offers a chance to own a piece of history with the potential to develop up to seven stories. Featuring stunning woodwork and craftsmanship, the building has long served as home to one of the area's top law firms, offering a sophisticated atmosphere. With 11,068 sq ft, it is located within a Federal Opportunity Zone and includes three storefronts. For developers, the property offers flexibility—maintain the storefronts, downsize the main office (currently occupying 3/4 of the space), and transform the upper floors into up to six apartments, all while keeping the retail and portion of the office space active. This would create a solid return on investment for this prime downtown gem. Positioned near iconic landmarks like the historic Radisson Hotel and a parking garage away from the Hilton Hotel, the building enjoys high visibility and proximity to some of Scranton's most recognizable spots. Just one block from the University of Scranton, it's perfectly suited for businesses catering to both commerce and academia. Seize the chance to be part of downtown Scranton's resurgence. Current rents for the storefronts are $1,000, $650, and $1,000, with the remaining 3/4 occupied by the current owner.
Location
State PA
County Lackawanna
Area Scranton City (13634)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Scranton
Others
Tax ID 15635020030
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Kyle Savage • Christian Saunders Real Estate
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