1130 Moosic St
Scranton, PA 18505
Industrial Property For Sale

The property is situated immediately adjacent to a highly traveled Interstate (I-81) and approximately 6 Blocks East of Downtown Scranton, PA. The property is Zoned C- N Neighborhood Commercial, Industrial, and Res, and provides easy on & off access to the Interstate. The property has road frontage on two highly trafficked streets on a cleared lot w/ public Water and Sewer, and has major development potential. The immediate area surrounding the property consists of convenient stores, a Sheraton Hotel, two (2) financial institutions, a local grocery store chain, a retail strip shopping center, Dunkin Donuts, two (2) restaurants, a CVS pharmacy and several other commercial enterprises. It is one (1) exit south of the Montage Mountain development site which includes the Glen Maura Business Park, Glen Maura National Golf Club, Montage Mountain Ski Resort and Water Park, and the Lackawanna County Multi-Purpose Stadium. The Stadium hosts the Triple A Baseball Club for the New York Yankee organization. The subject property is located at a excellent interchange location with close proximity to Interstates 380, 84, 80 as well the Northeast Extension of the Pennsylvania Turnpike. Wilkes Barre/Scranton International Airport is approximately five (5) miles away. The High-rise Pylon Billboard is visible from the Interstate and currently leased to Lamar Advertising which expired in January 2018 and automatically renewed for two years. We believe there is a significant value-add opportunity to increase sign rents and by extend out the billboard lease. With the potential to go "Digital" this Billboard could command a much higher rent, and increase the net operating income of the property. The property that is located directly behind the subject property is currently occupied by Arc-Northeastern Pennsylvania. Arc-N.historically has not had adequate parking for their building, as a result is required to rent additional parking space at the subject property. Arc-N. has been renting parking space at this location since 1987.