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Executive Summary

Positioned on the 500 block of Wyoming Avenue in the heart of downtown Scranton, this property represents a rare prime development opportunity directly across from Lackawanna College's upcoming Center for Technology Innovation. Located within the D-Downtown zoning district, the site offers exceptional flexibility for commercial, mixed-use, or institutional development. The existing two-story building features street-level commercial frontage with a wide garage bay, expansive upper-floor windows, and rear access with overhead doors to garage/warehouse space. On-site and rear parking add further convenience, while updated interior areas—including showroom and office build-outs—allow for immediate occupancy or seamless redevelopment. This location is uniquely positioned to benefit from Lackawanna College's multimillion-dollar investment across the street, which will bring new activity, foot traffic, and demand from students, faculty, and technology partners. Surrounded by restaurants, retail, and professional services, the property is ideally suited for a range of potential uses including mixed-use redevelopment, office or coworking space, retail, dining or entertainment venues, training and educational facilities, or student housing/apartments. With downtown Scranton continuing its resurgence, this property offers forward-thinking investors and developers the opportunity to create a signature project at the center of growth and innovation.Also included is parcel 14576010012 40 x112 Total Taxes on this parcel are $5,395.33.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Taxes $14,452 $2.06
Operating Expenses - -
Total Expenses $14,452 $2.06

Financial Summary (Actual - 2024)

Taxes (CAD)
Annual $14,452
Annual Per SF $2.06
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $14,452
Annual Per SF $2.06

Property Facts

Price $653,714 CAD
Price Per SF $93.39 CAD
Sale Type Investment or Owner User
Property Type Flex
Building Class C
Lot Size 0.12 AC
Rentable Building Area 7,000 SF
No. Stories 2
Year Built/Renovated 1945/1982
Tenancy Single
Parking Ratio 0.86/1,000 SF
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes
Very walkable
80/100
Moderately drivable
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 18412030019
  • 14576010011
Land Assessment
$134,253 CAD (2026)
Improvements Assessment
$579,203 CAD (2026)
Total Assessment
$713,456 CAD (2026)
Annual Taxes
$14,452 CAD ($2.06 CAD/SF)
Tax Year
2024
  • Listing ID: 37640484

  • Date on Market: 2025-09-11

  • Last Updated:

  • Address: 515 Wyoming Ave, Scranton, PA 18509

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