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

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