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240 N Main Ave 2,298 SF Retail Building Scranton, PA 18504 $365,880 CAD ($159.22 CAD/SF)


Investment Highlights
- Three-unit mixed-use property with a commercial storefront and two residential apartments.
- Rear one-bedroom apartment is vacant, providing immediate leasing or owner-use potential.
- All utilities are separately metered, simplifying management and reducing expenses.
- Street-level retail space includes a bathroom and central air conditioning for tenant comfort.
- Second-floor three-bedroom apartment currently rented at $800/month for stable income.
- Excellent road frontage on a high-visibility, slow-traffic corridor in Scranton.
Executive Summary
This mixed-use property on North Main Avenue presents a strong investment opportunity in one of Scranton’s most visible commercial corridors. The building features three units, including a street-level commercial storefront and two residential apartments. The main level offers a retail or service-oriented space with a bathroom, providing excellent exposure for businesses seeking high-traffic visibility. Connected to the storefront is a rear one-bedroom apartment, currently vacant, allowing for immediate occupancy or additional rental income.
The second floor includes a three-bedroom apartment currently leased at $800 per month, delivering steady cash flow. All utilities are separately metered, and the storefront is equipped with central air conditioning, reducing operating complexity and enhancing tenant appeal. The property also includes a basement and lower-level units that are easy to show, while showings for the occupied apartment can be scheduled in advance.
Positioned along a busy, slow-traffic corridor, this property offers exceptional frontage and visibility, making it an attractive option for investors seeking a versatile asset with both commercial and residential income streams.
The second floor includes a three-bedroom apartment currently leased at $800 per month, delivering steady cash flow. All utilities are separately metered, and the storefront is equipped with central air conditioning, reducing operating complexity and enhancing tenant appeal. The property also includes a basement and lower-level units that are easy to show, while showings for the occupied apartment can be scheduled in advance.
Positioned along a busy, slow-traffic corridor, this property offers exceptional frontage and visibility, making it an attractive option for investors seeking a versatile asset with both commercial and residential income streams.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,298 SF
Building Class
B
Year Built
1945
Price
$365,880 CAD
Price Per SF
$159.22 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.05 AC
Frontage
43’ on N. Main Ave
Very walkable
80/100
Moderately drivable
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14518030056 | Improvements Assessment | $4,884 CAD |
| Land Assessment | $5,091 CAD | Total Assessment | $9,975 CAD |
Property Taxes
Parcel Number
14518030056
Land Assessment
$5,091 CAD
Improvements Assessment
$4,884 CAD
Total Assessment
$9,975 CAD
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240 N Main Ave
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