Link Representative For Property
Affiliated Company
Marcus & Millichap
Asset Focus
Office
Retail
Industrial
Land
Multifamily
Special Purpose
Hospitality
Mixed Use
Other
Address
507 Linden St Scranton Pennsylvania 18503
Building/Land Information
Property Type
Mixed Use
Property Subtype
Mixed Use
Lot Size Acres
0.22
507 Linden St, Scranton, PA 18503 57 Unit Mixed Use Building For Sale - $2,800,000
Sale Price Dollars
$2,800,000.00
Location Description
Located in the heart of Downtown Scranton, PA., and is walking distance to all major downtown amenities. The subject property is ideally situated directly across the street from the Lackawanna County Courthouse.
Parking is conveniently located in the rear of the property. The parking area: 314 18th Avenue & 320 N. Washington Avenue; consisting of 38 parking spaces; totaling 12,850 square feet - will be sold with the property.
This 51,198 square foot - eight story mixed-use office building is awaiting a new owner and/or developer to re-stabilize or re-position this architectural masterpiece.
The building design features Indiana limestone, a copper gabled roof and dormers, a decorative cornice, paired windows, and a row of Renaissance-style arched windows with flanking columns near the top. The building is currently 80% occupied with longer and shorter term leases.
This is a true value-add deal, is located in the Federal Opportunity Zone - and is ideally slated for a office to - - mixed-use apartments conversion "adaptive re-use" play
Parking is conveniently located in the rear of the property. The parking area: 314 18th Avenue & 320 N. Washington Avenue; consisting of 38 parking spaces; totaling 12,850 square feet - will be sold with the property.
This 51,198 square foot - eight story mixed-use office building is awaiting a new owner and/or developer to re-stabilize or re-position this architectural masterpiece.
The building design features Indiana limestone, a copper gabled roof and dormers, a decorative cornice, paired windows, and a row of Renaissance-style arched windows with flanking columns near the top. The building is currently 80% occupied with longer and shorter term leases.
This is a true value-add deal, is located in the Federal Opportunity Zone - and is ideally slated for a office to - - mixed-use apartments conversion "adaptive re-use" play
Sale Information +-
Sale Description
Units : 57
Price/Unit $49,123
Price/Gross SF $64.97
Gross SF 43,100
Price/Unit $49,123
Price/Gross SF $64.97
Gross SF 43,100
Sale Highlights
Ideally Slated For an Office to Mixed-use Apartment Conversation
Historic Tax Credits and Incentives Available
Historic and Irreplaceable Faade
Urban Downtown Core Location
Walking Distance to Colleges, University's, Hospitals Systems, and County Seat
Historic Tax Credits and Incentives Available
Historic and Irreplaceable Faade
Urban Downtown Core Location
Walking Distance to Colleges, University's, Hospitals Systems, and County Seat
Number of Lots
1
Property Use
Investment
