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Electric City Center 329 Penn Ave 20,000 SF 100% Leased Office Building Scranton, PA 18503 $2,984,583 CAD ($149.23 CAD/SF) 7.34% Cap Rate
Investment Highlights
- Prime Downtown Location
- Private Parking Lot
- Fully Leased
Executive Summary
Prime downtown commercial property located on Penn Avenue.
This fully leased investment property offers strong visibility, a prime downtown location, and private parking for tenants — a rare advantage in the city. With established tenancy already in place, this is a solid opportunity for an investor looking for income-producing real estate in the heart of downtown.
This fully leased investment property offers strong visibility, a prime downtown location, and private parking for tenants — a rare advantage in the city. With established tenancy already in place, this is a solid opportunity for an investor looking for income-producing real estate in the heart of downtown.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$286,520
|
$14.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$286,520
|
$14.33
|
| Taxes |
$25,051
|
$1.25
|
| Operating Expenses |
$42,402
|
$2.12
|
| Total Expenses |
$67,453
|
$3.37
|
| Net Operating Income |
$219,067
|
$10.95
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $286,520 |
| Annual Per SF | $14.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $286,520 |
| Annual Per SF | $14.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,051 |
| Annual Per SF | $1.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,402 |
| Annual Per SF | $2.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $67,453 |
| Annual Per SF | $3.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $219,067 |
| Annual Per SF | $10.95 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
20,000 SF
Building Class
C
Year Built
1960
Price
$2,984,583 CAD
Price Per SF
$149.23 CAD
Cap Rate
7.34%
NOI
$219,067 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
1.39
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
24 Spaces (1.2 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14583010002 | Total Assessment | $1,090,027 CAD |
| Land Assessment | $150,792 CAD | Annual Taxes | $25,051 CAD ($1.25 CAD/SF) |
| Improvements Assessment | $939,234 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
14583010002
Land Assessment
$150,792 CAD
Improvements Assessment
$939,234 CAD
Total Assessment
$1,090,027 CAD
Annual Taxes
$25,051 CAD ($1.25 CAD/SF)
Tax Year
2026
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Electric City Center | 329 Penn Ave
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