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622 E Market St 3,500 SF 100% Leased Office Building Scranton, PA 18509 $279,900 ($79.97/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
Excellent mixed-use investment or owner-user opportunity in Scranton's desirable Green Ridge neighborhood. Offering approximately 3,500 total square feet, this versatile property features 1,750 square feet of commercial space on the first floor and two well-maintained 1-bedroom apartments on the second floor, creating multiple income streams and flexible occupancy options.
The commercial level includes two bathrooms and can be configured as one larger commercial space or two separate storefronts, making it ideal for a variety of retail, office, or service-based businesses. The property is equipped with four separate electric meters, providing added flexibility for multiple tenants and simplified utility management.
Additional highlights include a private rear parking lot, excellent frontage on a well-traveled road, and a prime location just one block from Green Ridge Corners, surrounded by established businesses, restaurants, and neighborhood amenities. Owner-occupants can operate their business while generating rental income from the apartments to help offset operating costs, while investors will appreciate the property's strong income potential and versatile layout.
The commercial level includes two bathrooms and can be configured as one larger commercial space or two separate storefronts, making it ideal for a variety of retail, office, or service-based businesses. The property is equipped with four separate electric meters, providing added flexibility for multiple tenants and simplified utility management.
Additional highlights include a private rear parking lot, excellent frontage on a well-traveled road, and a prime location just one block from Green Ridge Corners, surrounded by established businesses, restaurants, and neighborhood amenities. Owner-occupants can operate their business while generating rental income from the apartments to help offset operating costs, while investors will appreciate the property's strong income potential and versatile layout.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,500 SF
Building Class
C
Year Built
1970
Price
$279,900
Price Per SF
$79.97
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
15 Spaces (4.29 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 | $124,390 |
| Land Assessment | $41,210 | Total Assessment | $165,600 |
Property Taxes
Parcel Number
13513030007
Land Assessment
$41,210
Improvements Assessment
$124,390
Total Assessment
$165,600
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622 E Market St
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