Properties


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
Basement:
Unfinished
Sewer:
Public Sewer
Address Map
Country:
US
State:
PA
County:
Lackawanna
City:
Scranton
Zipcode:
18503
Street:
Franklin
Street Number:
116
Street Suffix:
Avenue
Directions:
Lackawanna Ave to Franklin Ave
Zoning:
CT
Neighborhood
High School District:
Scranton
Additional Details
Office Name:
Christian Saunders Real Estate
Agent Name:
Kyle Savage
School District:
Scranton
Land Value:
$0
Total Assessment:
$0
PreviousListPrice:
$0
OriginalListPrice:
$0
Additional Information
Lot Size Dimensions:
40X76
Number Of Units Total:
2
Previous Price:
250000
Stories:
2
Water Source:
Public
Financial
Tax Annual Amount:
7674.95
Listing Information
List Agent Mls Id:
ks0241
List Office Mls Id:
saund
Mls Status:
Pending
Modification Timestamp:
2025-11-22T20:08:26Z
Originating System Name:
GSBR
Status Change Timestamp:
2025-11-22T06:00:00Z

Residential Income For Sale 116 Franklin Avenue, Scranton, Pennsylvania 18503

116 Franklin Avenue, Scranton, Pennsylvania 18503

1 Bathrooms
4,044 Sqft
$219,900
Listing ID #SC250549
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
SC250549
Ref ID :
GSB20250208154504869612000000
Price :
$219,900
Bathrooms :
1
Partial Bathrooms :
1
Living Area :
4,044 Sqft
Year Built :
1920
Lot Area :
0.07 Acre
Status :
Pending
Full Bathrooms :
1
Property Sub Type :
Multi Family
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