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8-12 W Olive St 2 Properties Offered at $324,900 in Scranton, PA
Investment Highlights
- Two interconnected buildings spanning two deeded parcels, ideal for diverse configurations.
- Flexible zoning allows for office, nonprofit, educational, community service, or mixed-use applications.
- Seller financing may be available for qualified buyers, enhancing investment feasibility.
- Located minutes from Downtown Scranton with seamless access to Interstate 81 and major transportation routes.
- Situated within a high-density area close to schools, medical facilities, and employment hubs.
- Historic neighborhood setting with established infrastructure and strong connectivity.
Executive Summary
Opportunity awaits at 8 & 12 W Olive Street, positioned along a main artery leading into Downtown Scranton. This unique commercial offering consists of two interconnected buildings spanning approximately 5,472 square feet across two separately deeded parcels, benefiting from strong foot and vehicle traffic.
Located just across the river from the Lackawanna River Heritage Trail pavilion and Scranton High School, the property is also just a few blocks from Geisinger Commonwealth School of Medicine, several major healthcare facilities, and the University of Scranton. The location offers excellent visibility, accessibility, and redevelopment potential.
Formerly utilized as a community and office facility, the property presents a variety of potential uses including office, nonprofit, educational, community service, mixed-use, residential conversion, or redevelopment opportunities, subject to applicable approvals. The existing improvements provide a substantial footprint and flexible space for an owner-user, investor, or developer seeking to reposition the asset.
Conveniently located near Downtown Scranton, Interstate 81, schools, medical facilities, and major employment centers, the property offers outstanding accessibility and connectivity throughout the region.
Whether you're seeking a headquarters location, investment property, redevelopment opportunity, or value-add project, 8 & 12 W Olive Street presents a rare opportunity to create value in a strategic Scranton location. Includes tax parcels 14516020003 and 14516020004. Seller financing may be available to qualified buyers. Property is located within an AE Flood Zone.
Located just across the river from the Lackawanna River Heritage Trail pavilion and Scranton High School, the property is also just a few blocks from Geisinger Commonwealth School of Medicine, several major healthcare facilities, and the University of Scranton. The location offers excellent visibility, accessibility, and redevelopment potential.
Formerly utilized as a community and office facility, the property presents a variety of potential uses including office, nonprofit, educational, community service, mixed-use, residential conversion, or redevelopment opportunities, subject to applicable approvals. The existing improvements provide a substantial footprint and flexible space for an owner-user, investor, or developer seeking to reposition the asset.
Conveniently located near Downtown Scranton, Interstate 81, schools, medical facilities, and major employment centers, the property offers outstanding accessibility and connectivity throughout the region.
Whether you're seeking a headquarters location, investment property, redevelopment opportunity, or value-add project, 8 & 12 W Olive Street presents a rare opportunity to create value in a strategic Scranton location. Includes tax parcels 14516020003 and 14516020004. Seller financing may be available to qualified buyers. Property is located within an AE Flood Zone.
Property Facts
| Price | $324,900 | Number of Properties | 2 |
| Price / SF | $59.38 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 5,472 SF |
| Status | Active | Total Land Area | 0.13 AC |
| Price | $324,900 |
| Price / SF | $59.38 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,472 SF |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 8 W Olive St, Scranton, PA 18508 | Office | 1,824 SF | 1930 | - |
| 12 W Olive St, Scranton, PA 18508 | Specialty | 3,648 SF | 1980 | - |
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8-12 W Olive St