8 & 12 W Olive Street
Property Description
Two separate buildings situated on two separately deeded parcels create a rare commercial opportunity in the heart of Scranton. Located along a primary corridor leading into Downtown Scranton, this unique offering encompasses approximately 5,472 square feet of commercial space and provides exceptional flexibility for investors, developers, owner-users, or organizations seeking a value-add asset with significant redevelopment potential.Positioned just across the Lackawanna River from the Heritage Trail Pavilion and Scranton High School, the property is also only a few blocks from Geisinger Commonwealth School of Medicine, the University of Scranton, and several major healthcare facilities. This strategic location offers outstanding visibility, accessibility, and proximity to some of the city's largest employment and educational hubs.Previously utilized as a community and office facility, the property may be well suited for professional office space, nonprofit organizations, educational or community service uses, mixed-use development, residential conversion, or other redevelopment opportunities, subject to applicable approvals.The two-building, two-parcel configuration provides flexibility rarely found in today's market. Occupy one building while leasing the other, redevelop both, or hold the property as a long-term investment with multiple future exit strategies.Conveniently located just minutes from Downtown Scranton, Interstate 81, major hospitals, universities, and regional employers, this property is well-positioned for a wide variety of commercial and investment uses.Whether you're searching for a headquarters location, redevelopment project, adaptive reuse opportunity, or a long-term investment, 8 & 12 W. Olive Street offers exceptional upside in one of Scranton's most strategic commercial corridors.Includes Tax Parcels 14516020003 and 14516020004. Seller financing may be available to qualified buyers. Property is located within an AE Flood Zone.
Broker Details
Christian Saunders Real Estate (570) 947-3292
MLS ID: ks0241 State License Number: RS340241
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,900 |
| No. of Units: | 2 |
| Year Built: | 1930 |
| Lot Size: | 5,472.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $149,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 5 |
ID: 3yd-GSBRPA-SC263586
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