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Ritz Building - 25-6236 222 Wyoming Ave 27,000 SF 100% Leased Retail Building Scranton, PA 18503 $3,592,933 CAD ($133.07 CAD/SF)
Investment Highlights
- Convenient access to major highways and regional transportation routes
- Ideal for boutique retail, professional services, restaurant, or specialty users
- Established business environment with strong daytime population
- Located within Scranton's central business district
- Close proximity to public parking facilities and downtown amenities
- Multi-story building offering flexible occupancy options
Executive Summary
An exceptional opportunity to own a piece of Scranton history. The iconic Ritz Theater, prominently located at 222 Wyoming Avenue in the heart of downtown Scranton, offers timeless architectural character and endless artistic (and revenue generating) potential. This magnificent building has hosted the likes of Harry Houdini, Lucille Ball, and is currently a hub of activity in the downtown. This well-known performance venue features a striking façade, soaring interior volumes, and original design elements that reflect the grandeur of early 20th-century theater architecture. The property's flexible layout and generous square footage make it ideal for a variety of uses, including live entertainment, bar and restaurant location, event space, boutique cinema, mixed-use development, creative offices, or destination retail. Situated along bustling Wyoming Avenue, the property benefits from high visibility, strong pedestrian traffic, and proximity to restaurants, government offices, universities, and regional attractions. Its central location places it minutes from major highways and is a short 2 hour drive to both New York City and Philadelphia. The Ritz Theater presents a rare investment opportunity for developers, investors, or owner-users seeking a signature property with historical significance and downtown presence.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
27,000 SF
Building Class
C
Year Built
1907
Price
$3,592,933 CAD
Price Per SF
$133.07 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.48
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
Commercial
Frontage
80’ on Wyoming Ave
Exceptionally walkable
100/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15627020007 | Improvements Assessment | $2,840,934 CAD |
| Land Assessment | $203,118 CAD | Total Assessment | $3,044,051 CAD |
Property Taxes
Parcel Number
15627020007
Land Assessment
$203,118 CAD
Improvements Assessment
$2,840,934 CAD
Total Assessment
$3,044,051 CAD
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Ritz Building - 25-6236 | 222 Wyoming Ave
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