Active
148 Adams Avenue
Scranton PA, 18503
$1,099,900
$99.38 per sqft
Active
11,068 sqft
Commercial
Built in 1930
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 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.
SC3914
MLSⓇ ID
July 26, 2024
Listed
October 18, 2024
Updated
Map
148 Adams Avenue
Scranton PA, 18503
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
School Information
School District
Scranton
Other Property Details
Taxes
$14,388
Tax Frequency
Annually
Days on Market
85
Garage
No
View
No
County
Lackawanna
Pool
No
Zoning
CT030
Listed by Kyle Savage with Christian Saunders Real Estate
Listing Contact:
The IDX display contains information sourced from the Greater Scranton Board of REALTORS® as of 10/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Greater Scranton Board of REALTORS® all rights reserved.
Data last updated on 10/18/2024 at 2:10 PM UTC