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Electric City Center 329 Penn Ave 20,000 SF 100% Leased Office Building Scranton, PA 18503 $2,697,860 CAD ($134.89 CAD/SF) 6.96% Cap Rate
Executive Summary
Main Building: 2 floors of office space
Attached 3-Story Building: 6 luxury apartments
Parking: 24 on-site spaces plus a 2-car garage; includes additional parcel (Tax ID #1458301003) for extra parking
Recent Upgrades: New rubber roof on both buildings (2017)
Occupancy: 100% leased
This property offers a strong mix of professional office and residential tenants, providing excellent stability and long-term investment potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,088
|
$13.35
|
| Taxes |
$39,193
|
$1.96
|
| Operating Expenses |
$40,245
|
$2.01
|
| Total Expenses |
$79,438
|
$3.97
|
| Net Operating Income |
$187,650
|
$9.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $267,088 |
| Annual Per SF | $13.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,193 |
| Annual Per SF | $1.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $40,245 |
| Annual Per SF | $2.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $79,438 |
| Annual Per SF | $3.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $187,650 |
| Annual Per SF | $9.38 |
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Family Enrichment Center
- Health Care and Social Assistance
- -
- -
- -
-
- Services
- -
- -
- -
Begun in 1969, PathStone is a private, not-for-profit community development and human service organization serving Indiana, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Virginia, and Vermont. PathStone is a not-for-profit community development and human services organization dedicated to eliminating poverty and strengthening families and individuals in the communities we have been serving since 1969. Low-income families and economically distressed communities throughout New York, Pennsylvania, New Jersey, Ohio, Indiana, Virginia, Vermont, and Puerto Rico are the primary beneficiaries of services and resources.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Family Enrichment Center | Health Care and Social Assistance | - | - | - | ||
|
|
Services | - | - | - |
Property Taxes
| Parcel Number | 14583010002 | Total Assessment | $72,505 CAD |
| Land Assessment | $38,782 CAD | Annual Taxes | $39,193 CAD ($1.96 CAD/SF) |
| Improvements Assessment | $33,723 CAD | Tax Year | 2025 |
Property Taxes
Presented by
Electric City Center | 329 Penn Ave
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