60000ft2 - Commercial Building - Up to 60,000 Sq Ft - in Opportunity Zone (Scranton)



Industrial Office Building - Up to 60,000 Sq Ft - Will Build to Suit
Centrally located, 5 blocks from downtown Scranton. Less than 1/2 mile to Interstate 81, about 1 mile to Central Scranton Expressway, Routes 6 and 11. Close proximity to Interstates 380, 80, and 84. 820-826 S Washington Ave, Scranton, PA. Building is currently industrial, but may be developed for several purposes, such as manufacturing, warehouse/storage, offices, retail, restaurant space, entertainment facility, apartments, assisted living, nursing home, etc.
There are at least 120 parking places, which is compliant with the requirements for a 60,000 square foot building. We can get up to 130 parking spaces.
The first floor is 30,000 square feet. Second floor is currently 15,000 square feet. Total existing square footage is 45,000 square feet. However, building has steel beams and a 1 foot thick concrete floor designed to hold an additional 15,000 square feet on the second floor. Total square footage of both floors is approximately 60,000 square feet.
The ceilings are about 14 feet high, but the second floor addition can go up to 20 feet high.
This property is in a Federal Pennsylvania Opportunity Zone.
Q. What is an Opportunity Zone?
A. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.
For more info on this visit: https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
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post id: 6952447095



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