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622 E Market St 3,500 SF 100% Leased Office Building Scranton, PA 18509 $349,900 ($99.97/SF)
Investment Highlights
- Two one-bedroom apartments with private balconies provide built-in residential income potential.
- Dedicated parking lot and additional land for expansion across three combined lots.
- Prime west side location with strong visibility and convenient access to local amenities.
- Flexible commercial layout with separate entrances for front and back office spaces.
- Recently remodeled interiors reduce upfront costs and allow for immediate occupancy.
- Opportunity to attract both residential and commercial tenants for diversified income streams.
Executive Summary
Versatile 3,500 SF mixed-use investment opportunity located on the West Side of Scranton, PA, offering both immediate income potential and long-term upside. The property features a well-maintained commercial and residential setup, ideal for investors or owner-users seeking flexibility.
The residential component includes two one-bedroom apartments, each with private balconies, providing comfortable and desirable living spaces for tenants. The commercial portion consists of approximately 1,765 SF and is currently configured as a single unit, but was previously divided into two separate spaces, allowing for an easy conversion back to a multi-tenant layout.
The commercial space offers separate front and rear entrances, making it highly functional for a range of uses including office, service-based businesses, or retail. This layout is especially attractive to entrepreneurs or investors looking to maximize leasing flexibility.
Situated on three combined lots, the property includes a dedicated parking lot with additional room for expansion—an uncommon and valuable feature in this location. The building is in excellent condition, requiring minimal upfront capital and allowing for immediate occupancy or leasing.
This is a strong opportunity to acquire a 3,500 SF income-producing asset with multiple revenue streams and clear value-add potential in a desirable North Scranton location.
The residential component includes two one-bedroom apartments, each with private balconies, providing comfortable and desirable living spaces for tenants. The commercial portion consists of approximately 1,765 SF and is currently configured as a single unit, but was previously divided into two separate spaces, allowing for an easy conversion back to a multi-tenant layout.
The commercial space offers separate front and rear entrances, making it highly functional for a range of uses including office, service-based businesses, or retail. This layout is especially attractive to entrepreneurs or investors looking to maximize leasing flexibility.
Situated on three combined lots, the property includes a dedicated parking lot with additional room for expansion—an uncommon and valuable feature in this location. The building is in excellent condition, requiring minimal upfront capital and allowing for immediate occupancy or leasing.
This is a strong opportunity to acquire a 3,500 SF income-producing asset with multiple revenue streams and clear value-add potential in a desirable North Scranton location.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,500 SF
Building Class
C
Year Built
1970
Price
$349,900
Price Per SF
$99.97
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,750 SF
Building FAR
0.29
Lot Size
0.28 AC
Parking
5 Spaces (0.87 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13513030007 | Improvements Assessment | $10,500 |
| Land Assessment | $6,900 | Total Assessment | $17,400 |
Property Taxes
Parcel Number
13513030007
Land Assessment
$6,900
Improvements Assessment
$10,500
Total Assessment
$17,400
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622 E Market St
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