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Goodwill 925 Prospect Ave 42,050 SF Retail Building Scranton, PA 18505 $4,982,761 CAD ($118.50 CAD/SF)



Executive Summary
Introducing Goodwill Residences, a well-maintained, fully occupied 36-unit multifamily asset offering a rare combination of scale, condition, and location. Situated on nearly one acre, this impressive 42,050 square-foot building features a mix of one- and two-bedroom apartments, all thoughtfully designed to provide comfort, accessibility, and long-term tenant appeal. Housed in a beautifully repurposed historic former high school, the property blends timeless architectural character with modern functionality. Residents enjoy high ceilings, open floor plans, abundant natural light, modern kitchens, large closets, and individually controlled heating and cooling. Select units are handicap accessible, enhancing inclusivity and broadening the tenant base. The building is meticulously maintained and offers a range of desirable amenities including on-site laundry facilities, a community kitchen, library, and wall-to-wall carpeting throughout. The property also includes over 17 on-site parking spaces, a valuable feature for residents and visitors alike. In addition to the residential component, the commercial portion of the building offers office space and a gym, providing significant upside potential for additional income, adaptive reuse, or expanded services. Ideally located just minutes from downtown Scranton, the property offers convenient access to I-81, hospitals, parks, shopping, and essential services—making it an attractive and affordable housing option for senior residents while maintaining strong occupancy and stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,050 SF
Building Class
C
Year Built
1897
Price
$4,982,761 CAD
Price Per SF
$118.50 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
C06
Frontage
290’ on Prospect Ave
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $104,365 CAD | |
| Land Assessment | $16,382 CAD | Total Assessment | $120,747 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$16,382 CAD
Improvements Assessment
$104,365 CAD
Total Assessment
$120,747 CAD
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Goodwill | 925 Prospect Ave
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