15 S Franklin St
Wilkes Barre, PA 18701
Office Property For Sale

The Property is well maintained and furnished, recognized for its architectural presence on the city’s skyline and streetscape, and has a prestigious history as the headquarters of the law firm of Rosenn Jenkins & Greenwald. It is in a solid and upward trending ‘A’ location of Wilkes-Barre’s Center City. The building with its own adjoining private parking lot is an attractive combination, enhanced by the presence of two multi-level parking garages immediately across South Franklin Street. 2017’s Tax Cuts and Jobs Act also established Opportunity Zones offering tax incentives for investing in a “qualified investment zone.” 15 South Franklin and its 71-space gated, private parking lot are located within such a zone. Tax incentives include the temporary deferral of inclusion in gross income for capital gains reinvested in a qualified opportunity fund and the permanent exclusion of capital gains from the sale or exchange of an investment in the qualified opportunity fund.