Scranton, Pennsylvania, offers a unique opportunity for investors to purchase Office Properties in a city with a rich history and diverse economy. With 14 Office Properties for sale, investors can choose from a variety of options to suit their needs. Office Properties in Scranton can represent a range of investments, from small, single-tenant buildings to large, multi-tenant complexes. The city's strong healthcare and education sectors, anchored by institutions like Geisinger Commonwealth School of Medicine and the University of Scranton, provide a stable foundation for office space demand. Additionally, Scranton's location at the intersection of Interstate 81 and Interstate 84 makes it an attractive location for businesses serving the Northeastern United States. The city's amenities, including the Lackawanna County Library System and Nay Aug Park, also contribute to its appeal as a place to live and work. With its unique blend of history, culture, and natural beauty, Scranton is an attractive destination for businesses and travelers alike, with attractions like the Houdini Museum and the Steamtown National Historic Site drawing visitors from across the country.
Scranton's Office Properties are situated in a city with a diverse range of economic sectors, including healthcare, academia, and manufacturing. Nearby, Commercial Real Estate opportunities abound, with properties like the Marketplace at Steamtown offering a mix of retail and office space. Apartment Buildings, such as those in the downtown area, provide housing options for the city's growing population. Shopping Centers, like the Viewmont Mall, offer a range of retail options, while Hotels, such as the Hilton Scranton & Conference Center, cater to the city's business and tourism travelers. With its strong economy, rich history, and natural beauty, Scranton is an attractive location for investors and businesses alike, offering a unique blend of opportunities for growth and development.
What is the average price per square foot for office properties in Scranton?
The average price per square foot for office properties in Scranton is $104 USD per square foot, with 14 available listings ranging in size from 16,826 square feet to 97,481 square feet, offering a diverse range of options for investors and businesses looking to establish a presence in this economically diverse city.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Scranton, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-quality buildings with top-notch amenities, prime locations, and high-end finishes, often attracting large corporations and professional firms.
- Class B office properties are mid-range buildings that offer a balance between quality and affordability, providing functional spaces with some amenities, suitable for small to medium-sized businesses and startups.
- Class C office properties are older, more basic buildings with limited amenities, often requiring renovation or updating, but offering an affordable option for entrepreneurs, freelancers, or small businesses on a budget.
