Scranton, PA 18508

Commercial · 5,472 Sq. ft. | 0.13 Acres
$324,900 Active

Overview

Time on Site:
10 days
Visits:
1

Opportunity awaits at 8 & 12 W Olive Street, positioned along a main artery leading into Downtown Scranton. This unique commercial offering consists of two interconnected buildings spanning approximately 5,472 square feet across two separately deeded parcels, benefiting from strong foot and vehicle traffic.Located just across the river from the Lackawanna River Heritage Trail pavilion and Scranton High School, the property is also just a few blocks from Geisinger Commonwealth School of Medicine, several major healthcare facilities, and the University of Scranton. The location offers excellent visibility, accessibility, and redevelopment potential.Formerly utilized as a community and office facility, the property presents a variety of potential uses including office, nonprofit, educational, community service, mixed-use, residential conversion, or redevelopment opportunities, subject to applicable approvals. The existing improvements provide a substantial footprint and flexible space for an owner-user, investor, or developer seeking to reposition the asset.Conveniently located near Downtown Scranton, Interstate 81, schools, medical facilities, and major employment centers, the property offers outstanding accessibility and connectivity throughout the region.Whether you're seeking a headquarters location, investment property, redevelopment opportunity, or value-add project, 8 & 12 W Olive Street presents a rare opportunity to create value in a strategic Scranton location. Includes tax parcels 14516020003 and 14516020004. Seller financing may be available to qualified buyers. Property is located within an AE Flood Zone.

Listing provided courtesy of Christian Saunders Real EstateGreater Scranton MLS- MLS# GSBSC262917MLS ProviderContact Information: [email protected] - (800) 372-4222
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Facts & Features

  • Type Commercial
  • Sq. ft. 5,472
  • Price/Sq.ft. $59
  • Lot 0.13 Acres

Details

General

School Information

  • School District: Scranton

Building Information

  • Year Built: 1930

Location/Region

  • County Or Parish: Lackawanna

Tax Information

  • Tax Annual Amount: 5256.38
  • Tax Assessed Value: 18250
  • Tax Year: 2025

General Information

  • Parcel Number: 14516020004
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: Commercial

Interior

Building Interior

  • Building Area Total: 5472

General Information

  • Living Area: 5472
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.13
  • Lot Size Dimensions: See Remarks

Waterfront/View

  • Waterfront: false

General Information

  • Number Of Units Total: 2

Neighborhood

Community

18508 (Scranton) Demographics

37
Median Age
1,818
Population Density (per sq. mile)
26%
College Educated
$37,556
Estimated Median Income
2,359
Estimated Total Home Owners
2,940
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Market Data

Based on the last 30 days in this zip code

$156,464
Average List Price
$109
Average Price per Square Foot
8
Properties Sold
108
Average Days on Market
23
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
6/19/2026Source: Greater Scranton MLS Added to Database
June 19, 2026