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Property Description

Prime Downtown Scranton Investment Opportunity!Seize this rare opportunity to invest in the heart of Scranton’s rapidly growing real estate market! This 4,000+ Sq Ft mixed-use building, ideally located just off Lackawanna Avenue, is surrounded by thriving businesses, popular restaurants, and ongoing revitalization efforts. With Scranton’s increasing demand for commercial and residential spaces, this property presents high-income potential and endless possibilities. Adding to the area’s appeal, Scranton is set to benefit from the highly anticipated high-speed rail service connecting the city to New York City. With federal approval granted in early 2025, this project will reestablish passenger rail service, offering three daily round trips. Trains will reach speeds of up to 110 mph, connecting Scranton to key hubs like Morristown, Newark, and New York Penn Station. This long-awaited transportation upgrade is expected to continue increasing property values, attract new businesses, and further enhance Scranton’s appeal as a prime investment location. This property offers incredible flexibility, making it ideal for retail, office, apartments, or short-term rentals. Downtown Scranton continues to experience high occupancy rates, with rental demand surging and property values on the rise. Its prime location places it within a short distance of major attractions, including The University of Scranton, medical centers, and key transportation hubs. Additionally, downtown Scranton’s ongoing revitalization efforts and economic development initiatives (such as Federal Opportunity Zone), make this a particularly strategic investment. With the future arrival of high-speed rail, demand for housing, office space, and retail is expected to skyrocket, ensuring strong returns for forward-thinking investors.

Features
: Unfinished
: Public Sewer
Address Map
US
PA
Lackawanna
Scranton
18503
Franklin
116
Avenue
Lackawanna Ave to Franklin Ave
CT
Neighborhood
Scranton
Additional Details
Christian Saunders Real Estate
Kyle Savage
Scranton
$0
$0
$0
$0
Additional Information
40X76
2
2
: Public
Financial
7674.95
Listing Information
ks0241
saund
Active
2025-02-09T03:01:26Z
GSBR
2025-02-08T06:00:00Z

Residential Income For Sale

116 Franklin Avenue, Scranton, Pennsylvania 18503

1 Bathrooms
4,044
$329,900
Listing ID #SC250549
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SC250549
Ref ID : GSB20250208154504869612000000
Price : $329,900
Bathrooms : 1
Partial Bathrooms : 1
Living Area : 4,044
Year Built : 1920
Lot Area : 0.07 Acre
Status : Active
Full Bathrooms : 1
Property Sub Type : Multi Family
Agent info
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