116 Franklin Avenue, Scranton, PA 18503
Local realty services provided by:ERA Brady Associates
116 Franklin Avenue,Scranton, PA 18503
$250,000
- - Beds
- 2 Baths
- 4,044 sq. ft.
- Multi-family
- Active
Listed by:kyle savage
Office:christian saunders real estate
MLS#:SC250549
Source:PA_GSBR
Price summary
- Price:$250,000
- Price per sq. ft.:$61.82
About this home
Prime Downtown Scranton Investment Opportunity!Seize this rare opportunity to invest in the heart of Scranton's rapidly growing real estate market! This 4,000+ Sq Ft mixed-use building, ideally located just off Lackawanna Avenue, is surrounded by thriving businesses, popular restaurants, and ongoing revitalization efforts. With Scranton's increasing demand for commercial and residential spaces, this property presents high-income potential and endless possibilities. Adding to the area's appeal, Scranton is set to benefit from the highly anticipated high-speed rail service connecting the city to New York City. With federal approval granted in early 2025, this project will reestablish passenger rail service, offering three daily round trips. Trains will reach speeds of up to 110 mph, connecting Scranton to key hubs like Morristown, Newark, and New York Penn Station. This long-awaited transportation upgrade is expected to continue increasing property values, attract new businesses, and further enhance Scranton's appeal as a prime investment location. This property offers incredible flexibility, making it ideal for retail, office, apartments, or short-term rentals. Downtown Scranton continues to experience high occupancy rates, with rental demand surging and property values on the rise. Its prime location places it within a short distance of major attractions, including The University of Scranton, medical centers, and key transportation hubs. Additionally, downtown Scranton's ongoing revitalization efforts and economic development initiatives (such as Federal Opportunity Zone), make this a particularly strategic investment. With the future arrival of high-speed rail, demand for housing, office space, and retail is expected to skyrocket, ensuring strong returns for forward-thinking investors.
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Home facts
- Year built:1920
- Listing ID #:SC250549
- Added:224 day(s) ago
- Updated:September 25, 2025 at 12:48 PM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Living area:4,044 sq. ft.
Structure and exterior
- Year built:1920
- Building area:4,044 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$250,000
- Price per sq. ft.:$61.82
- Tax amount:$7,675 (2024)
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