8 & 12 , Scranton, PA

Name: 8 & 12 , For Sale in Scranton - Zoocasa
Brand: Christian Saunders Real Estate
SKU: SC263586
Price: 314900 USD

House

For Sale

Listed price in listed location currency (USD).

$314,900

1050

MLS® SC263586

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 5472 sqft

Garage

Taxes $5,256

Days Active 0

Lot Size 0.08 Acres

Approx. Age 1930

Avg. Price Per Sqft $57

MLS® Number SC263586

Property Address: 8 & 12 W Olive Street, Scranton, PA, 18508

Average square foot calculated using Size range provided by listing agent.

Description

Two separate buildings situated on two separately deeded parcels create a rare commercial opportunity in the heart of Scranton. Located along a primary corridor leading into Downtown Scranton, this unique offering encompasses approximately 5, 472 square feet of commercial space and provides exceptional flexibility for investors, developers, owner-users, or organizations seeking a value-add asset with significant redevelopment potential.Positioned just across the Lackawanna River from the Heritage Trail Pavilion and Scranton High School, the property is also only a few blocks from Geisinger Commonwealth School of Medicine, the University of Scranton, and several major healthcare facilities. This strategic location offers outstanding visibility, accessibility, and proximity to some of the city's largest employment and educational hubs.Previously utilized as a community and office facility, the property may be well suited for professional office space, nonprofit organizations, educational or community service uses, mixed-use development, residential conversion, or other redevelopment opportunities, subject to applicable approvals.The two-building, two-parcel configuration provides flexibility rarely found in today's market. Occupy one building while leasing the other, redevelop both, or hold the property as a long-term investment with multiple future exit strategies.Conveniently located just minutes from Downtown Scranton, Interstate 81, major hospitals, universities, and regional employers, this property is well-positioned for a wide variety of commercial and investment uses.Whether you're searching for a headquarters location, redevelopment project, adaptive reuse opportunity, or a long-term investment, 8 & 12 W. Olive Street offers exceptional upside in one of Scranton's most strategic commercial corridors.Includes Tax Parcels 14516020003 and 14516020004. Seller financing may be available to qualified buyers. Property is located within an AE Flood Zone.

MLS® NumberSC263586

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

BasementUnfinished

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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