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Mixed-Use

Scranton Electric Building

507 Linden St, Scranton, PA 18503

Listing Price: $2,800,000

Number of Units
57
Price/Unit
$49,123
Price/Gross SF
$64.97
Gross SF
43,100

Investment Overview

Marcus and Millichap is pleased to present the exclusive offering of the Historic Scranton Electric Building.

Located at: 507 Linden Street Scranton, PA 18503.

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

Investment Highlights

  • Value-Add Adaptive Re-use
  • 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

Exclusively Listed By

Mixed-Use

Scranton Electric Building

Listing Price: $2,800,000

Number of Units
57
Price/Unit
$49,123
Price/Gross SF
$64.97
Gross SF
43,100

Investment Highlights

  • Value-Add Adaptive Re-use
  • 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

Investment Overview

Marcus and Millichap is pleased to present the exclusive offering of the Historic Scranton Electric Building.

Located at: 507 Linden Street Scranton, PA 18503.

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

Exclusively Listed By

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