430 Penn Ave | Scranton, PA 18503
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- LoopNet Team
430 Penn Ave
Scranton, PA 18503
Office Property For Sale
INVESTMENT HIGHLIGHTS
- New 10 Year - PA State Leased Office Building - (AA- / Aa3) Credit Rating
- Located in Federal Qualified Opportunity Zone
- Additional Value Can Be Added By Utilizing Below Grade Space
- Significant Value-Add Component Through Leasing Up Vacant 2nd Floor
- New Roof Under Warranty Until 2037 & Enhanced Security Systems In Place
- Subject Offering Includes Adjacent 30 Space Parking Lot
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
42,480 SF
Building Class
B
Year Built
1960
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,740 SF
Building FAR
1.57
Lot Size
0.62 AC
Zoning
Downtown Commercial - Residential zoning area of Scranton
Parking
30 Spaces (0.7 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $70,000 | |
| Land Assessment | $35,000 | Total Assessment | $105,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$35,000
Improvements Assessment
$70,000
Total Assessment
$105,000
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