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Electric City Center 329 Penn Ave 20,000 SF 100% Leased Office Building Scranton, PA 18503 $2,100,000 ($105/SF) 7.20% Cap Rate
Investment Highlights
- Prime Downtown Location
- Private Parking Lot
- Fully Leased
Executive Summary
Prime downtown commercial property located on Penn Avenue.
This fully leased investment property offers strong visibility, a prime downtown location, and private parking for tenants — a rare advantage in the city. With established tenancy already in place, this is a solid opportunity for an investor looking for income-producing real estate in the heart of downtown.
This fully leased investment property offers strong visibility, a prime downtown location, and private parking for tenants — a rare advantage in the city. With established tenancy already in place, this is a solid opportunity for an investor looking for income-producing real estate in the heart of downtown.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
20,000 SF
Building Class
C
Year Built
1960
Price
$2,100,000
Price Per SF
$105
Cap Rate
7.20%
NOI
$151,139
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
1.39
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
24 Spaces (1.2 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14583010002 | Total Assessment | $766,960 (2026) |
| Land Assessment | $106,100 (2026) | Annual Taxes | $17,626 ($0.88/SF) |
| Improvements Assessment | $660,860 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
14583010002
Land Assessment
$106,100 (2026)
Improvements Assessment
$660,860 (2026)
Total Assessment
$766,960 (2026)
Annual Taxes
$17,626 ($0.88/SF)
Tax Year
2025
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Electric City Center | 329 Penn Ave
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