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Electric City Center 329 Penn Ave 20,000 SF 100% Leased Office Building Scranton, PA 18503 $2,000,000 ($100/SF) 6.96% Cap Rate
EXECUTIVE SUMMARY
Main Building: 2 floors of office space
Attached 3-Story Building: 6 luxury apartments
Parking: 24 on-site spaces plus a 2-car garage; includes additional parcel (Tax ID #1458301003) for extra parking
Recent Upgrades: New rubber roof on both buildings (2017)
Occupancy: 100% leased
This property offers a strong mix of professional office and residential tenants, providing excellent stability and long-term investment potential.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,000
|
$9.90
|
| Taxes |
$29,055
|
$1.45
|
| Operating Expenses |
$29,835
|
$1.49
|
| Total Expenses |
$58,890
|
$2.94
|
| Net Operating Income |
$139,110
|
$6.96
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $198,000 |
| Annual Per SF | $9.90 |
| Taxes | |
|---|---|
| Annual | $29,055 |
| Annual Per SF | $1.45 |
| Operating Expenses | |
|---|---|
| Annual | $29,835 |
| Annual Per SF | $1.49 |
| Total Expenses | |
|---|---|
| Annual | $58,890 |
| Annual Per SF | $2.94 |
| Net Operating Income | |
|---|---|
| Annual | $139,110 |
| Annual Per SF | $6.96 |
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Family Enrichment Center
- Health Care and Social Assistance
- -
- -
- -
-
- Services
- -
- -
- -
Begun in 1969, PathStone is a private, not-for-profit community development and human service organization serving Indiana, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Virginia, and Vermont. PathStone is a not-for-profit community development and human services organization dedicated to eliminating poverty and strengthening families and individuals in the communities we have been serving since 1969. Low-income families and economically distressed communities throughout New York, Pennsylvania, New Jersey, Ohio, Indiana, Virginia, Vermont, and Puerto Rico are the primary beneficiaries of services and resources.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Family Enrichment Center | Health Care and Social Assistance | - | - | - | ||
|
|
Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 14583010002 | Total Assessment | $53,750 |
| Land Assessment | $28,750 | Annual Taxes | $29,055 ($1.45/SF) |
| Improvements Assessment | $25,000 | Tax Year | 2025 |
PROPERTY TAXES
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Electric City Center | 329 Penn Ave
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