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Ritz Building - 25-6236 222 Wyoming Ave 37,368 SF 100% Leased Retail Building Scranton, PA 18503 $2,595,000 ($69.44/SF)
EXECUTIVE SUMMARY
An exceptional opportunity to own a piece of Scranton history. The iconic Ritz Theater, prominently located at 222 Wyoming Avenue in the heart of downtown Scranton, offers timeless architectural character and endless artistic (and revenue generating) potential. This magnificent building has hosted the likes of Harry Houdini, Lucille Ball, and is currently a hub of activity in the downtown. This well-known performance venue features a striking façade, soaring interior volumes, and original design elements that reflect the grandeur of early 20th-century theater architecture. The property's flexible layout and generous square footage make it ideal for a variety of uses, including live entertainment, bar and restaurant location, event space, boutique cinema, mixed-use development, creative offices, or destination retail. Situated along bustling Wyoming Avenue, the property benefits from high visibility, strong pedestrian traffic, and proximity to restaurants, government offices, universities, and regional attractions. Its central location places it minutes from major highways and is a short 2 hour drive to both New York City and Philadelphia. The Ritz Theater presents a rare investment opportunity for developers, investors, or owner-users seeking a signature property with historical significance and downtown presence.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theater
Building Size
37,368 SF
Building Class
C
Year Built
1920
Price
$2,595,000
Price Per SF
$69.44
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.43
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
Commercial
Frontage
80’ on Wyoming Ave
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15627020007 | Improvements Assessment | $24,000 |
| Land Assessment | $60,000 | Total Assessment | $84,000 |
PROPERTY TAXES
Parcel Number
15627020007
Land Assessment
$60,000
Improvements Assessment
$24,000
Total Assessment
$84,000
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Ritz Building - 25-6236 | 222 Wyoming Ave
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