Scranton, Pennsylvania, is a city that offers a unique blend of industrial heritage and modern amenities, making it an attractive location for businesses and investors. Industrial Properties in Scranton for sale are a great investment opportunity, as the city's diverse economy and rich history provide a solid foundation for growth. Industrial Properties, such as warehouses, manufacturing facilities, and distribution centers, are a key component of Scranton's economy, and investing in these properties can provide a stable source of income. With its strategic location, Scranton offers easy access to major highways, railroads, and airports, making it an ideal location for businesses that require efficient transportation and logistics. The city is also home to several major employers, including Geisinger Commonwealth School of Medicine and the University of Scranton, which contribute to the local economy and provide a skilled workforce. Additionally, Scranton's scenic beauty, with its mountains and rivers, makes it an attractive location for businesses and residents alike. The city's rich cultural heritage, including its historic landmarks and festivals, such as La Festa Italiana and the Saint Patrick's Day Parade, also make it a great place to visit and live.
Currently, there are 8 Industrial Properties for sale in Scranton, offering a range of options for investors. The average price per square foot for these properties is $131 USD, and the average size is 44,318 square feet. The largest property available is 210,208 square feet. In addition to Industrial Properties, Scranton also offers a range of other property types, including Warehouses, which are ideal for businesses that require large storage spaces; Land, which can be used for development or investment; Apartment Buildings, which provide a steady source of rental income; and Commercial Real Estate, which offers a range of opportunities for businesses and investors. Overall, Scranton's diverse economy, rich history, and modern amenities make it an attractive location for businesses and investors, and its Industrial Properties are a great investment opportunity.
What is the average price per square foot for industrial properties in Scranton?
The average price per square foot for industrial properties in Scranton is $131 USD per square foot, with 8 available listings ranging in size from 44,318 square feet to 210,208 square feet, and an average cap rate of 7.49%.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Scranton, Pennsylvania, as they directly impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major highways, such as Interstate 81, Interstate 84, and U.S. Route 6, can increase property values due to improved accessibility and reduced transportation costs.
- The presence of the Wilkes-Barre/Scranton International Airport, which offers connections to various destinations, can also boost property values by providing convenient air transportation options for businesses and their clients.
- In addition, Scranton's location near major cities like New York City, Philadelphia, and Allentown can increase demand for industrial properties, driving up values due to the city's strategic position as a hub for regional commerce and industry.
