502 North Seventh Avenue, Scranton, PA, 18504 - Available for Sale

Retail For Sale

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Shops at Linden Place Unit 2

502 North Seventh Avenue, Scranton, PA 18504

$1,600,000

3,200 SF | Retail

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Retail Property For Sale

Price:
$1,600,000
Building Size:
3,200 SF
Price/SF:
$500
Property Type:
Retail
Property Sub-type:
Retail Pad
Property Use Type:
Investment
No. Stories:
1
Tenancy:
Single
Year Built:
2003
Lot Size:
4.87 AC
APN / Parcel ID:
1451903000201
Parking Ratio:
5 / 1,000 SF
Listing ID
18259320
Last Updated
16 days ago

Find Out More...

Highlights

  • Unique development opportunity.
  • Direct entrance to the Shops from Expressway at traffic lite intersection
  • Surrounding area experiencing new construction
  • Cleared level land
  • Parking lots in place with cross easements
  • Possible mixed use potential.

Description

Unit 2 is the second unit in a two unit condominium. The Unit 1 is improved with a Redner's Warehouse Market. Unit 2 consists of three non contiguous tracts of land. Tract 2A is unimproved, perpendicular to Redner's consisting of 1.218 acres, suitable for a strip building of approximately 15,000SF. Tract 2B is improved with a freestanding 3200SF Arby's currently vacant. Tract 2C is partially improved for overflow parking and retention and borders Sixth Avenue the the historic Freight Station on Lackawanna Avenue, the Heritage Trail and the Lackawanna River.

Located at the Seventh Avenue/Providence Road Exit of the Joseph M. McDade Expressway (US Rt. 11 and PA Rt. 307) This area is adjacent to the CBD and has undergone redevelopment over the last 10 years with a new high school, Mt. Pleasant Corporate Center, professional offices, sports facilities and retail. The location serves all sections of the City and its location at the western entrance to the downtown has the traffic flow from most of the suburbs and connects to I-81.

Major Tenant Information

Map of 502 North Seventh Avenue, Scranton, PA 18504 (Lackawanna County)

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John T. Cognetti, SIOR, CCIM
John T. Cognetti, SIOR, CCIM

Experienced in commercial real estate in Northeastern Pennsylvania

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License #PA RM042388A

Asking Price Index Trends for Scranton, PA Retail For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$108+1.3%+2.6%
-
Metro
$71-0.3%-0.8%
-
County
$80+3.4%-0.3%

View Scranton Market Trends for other property types for sale or lease. Learn more about the chart info.

Shops at Linden Place Unit 2
  • Retail
  • $1,600,000
  • 3,200 SF