Remarks

115-117 Penn Avenue is a dual structure, Downtown Commercial zoned, 12,000 square foot building situated in aprime location in the heart of Downtown Scranton. This property is in a Federal Opportunity zone and does qualify for LERTA as well. The Property is a unique offering, nestledamidst a vibrant and rapidly evolving neighborhood. The dual structures present a rare opportunity fortransformation, with both buildings 100% vacant and ready for redevelopment. With a total of approximately 8,000square feet of potential residential space as well as 4,000 square feet of retail space across both buildings, theproperty is prime for investment.The Property's location, one block away from the recently revitalized Marketplace at Steamtown and in one of thelast remaining undeveloped blocks of Penn Avenue, makes it an attractive proposition for investors seeking tocapitalize on the tremendous growth in the area. Furthermore, given the Property's zoning and strategic location, itpresents an exceptional opportunity for ground-up development. The Property's existing framework, combinedwith the flexibility of its Downtown Commercial zoning, allows for a wide range of development possibilities.Whether a prospective investor is considering residential complexes, retail establishments, or a blend of both, 115-117 Penn Avenue offers a unique chance to contribute to the area's ongoing revitalization and growth. It's anopportunity to not only tap into Scranton's burgeoning market but also to play a key part in shaping the city'sfuture landscape.

Details

MLS#: SC2920
Price: $599,995

Style: Mixed Use
Bedrooms: 0
Sq Ft: 12000
Year Built: 1900

County: Lackawanna
Lot Size: 60x177
Tax Fee: 30014.7

School District: Scranton