$1,099,900
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148 Adams Avenue Scranton, PA 18503 Municipality: Scranton City
General Commercial
Residence
Beds
Baths
...
Bed/Bath
11,068
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 bui...lding 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 flexibilityâmaintain 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.
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MLS#
PALW2000382
Property Type
General Commercial
Year Built
1930
Square Feet
11,068
sq. ft
Price per Sq. Ft.
$99.38
Lot Size
0.13
Sewer
Public Sewer
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