Scranton, SC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Scranton, South Carolina Market population: 76K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Scranton PA Properties: 0.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Scranton PA
Common questions from investors exploring commercial real estate in Scranton PA.
What's the overall investment potential of Scranton, PA, considering its demographics and economy?
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Scranton's median household income of $38,463, combined with a poverty rate of 22.0% and a high health insurance coverage of 91.8%, suggests a relatively stable market with a working-class population. The city's top industries, including Public Administration and Finance & Insurance, indicate a diverse economy, while the median property value of $108,300 and median property taxes of $15,659 provide insight into the housing market. Additionally, the average commute time of 18.6 minutes and top commute methods, such as driving alone and carpooling, highlight the city's infrastructure and quality of life.
How does the ethnic diversity and income inequality in Scranton impact the real estate market?
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The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community, while the GINI coefficient of 0.443 indicates a moderate level of income inequality. This, combined with the poverty rate of 22.0% and median household income of $38,463, suggests that investors should focus on affordable housing options that cater to the working-class population. The high health insurance coverage of 91.8% also indicates a relatively stable workforce, which can lead to consistent rental income.
What are the key factors to consider when evaluating the rental market in Scranton?
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When assessing the rental market in Scranton, consider the city's average commute time of 18.6 minutes, which is relatively short, and the top commute methods, such as driving alone and carpooling. The median property value of $108,300 and median property taxes of $15,659 also provide insight into the housing market. Additionally, the poverty rate of 22.0% and health insurance coverage of 91.8% can help investors determine the quality of potential tenants and the overall stability of the rental market. The city's top industries, including Public Administration and Finance & Insurance, can also impact the demand for rental properties.
How does the homeownership rate in Scranton affect the real estate investment landscape?
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The homeownership rate of 50.5% in Scranton indicates a relatively balanced market, with opportunities for both rental and owner-occupied properties. The median property value of $108,300 and median property taxes of $15,659 can help investors determine the feasibility of rental properties, while the city's top industries, including Public Administration and Finance & Insurance, can drive demand for housing. The poverty rate of 22.0% and health insurance coverage of 91.8% also provide insight into the quality of potential tenants and the overall stability of the market. Furthermore, the average commute time of 18.6 minutes and top commute methods highlight the city's infrastructure and quality of life.
What are the implications of Scranton's economy and demographics on long-term real estate investment?
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Scranton's economy, with top industries including Public Administration and Finance & Insurance, and its demographics, including a median age of 37.8 and a poverty rate of 22.0%, suggest a relatively stable market with opportunities for long-term growth. The city's high health insurance coverage of 91.8% and short average commute time of 18.6 minutes also contribute to a stable workforce and quality of life. The median property value of $108,300 and median property taxes of $15,659 provide a foundation for evaluating the feasibility of real estate investments, while the city's ethnic diversity and moderate income inequality indicate a vibrant and dynamic community.
Scranton PA Real Estate & City Facts
Key facts and real estate information about Scranton PA.
What are some of the best neighborhoods to live in Scranton?
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Some of the best neighborhoods to live in Scranton include Downtown Scranton, West Mountain, East Mountain, Greenridge, Minooka, Hill Section, and Tripp's Park. These neighborhoods offer a range of housing options, from historic homes to modern apartments, and are close to local amenities and attractions.
What are some fun things to do in Scranton?
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Scranton has a lot to offer when it comes to things to do, including visiting the Steamtown National Historic Site, exploring the Electric City Aquarium & Reptile Den, and checking out the Houdini Museum, Tour & Magic Show. You can also visit Lackawanna State Park for outdoor adventures, or head to Nay Aug Park for some fresh air and exercise. If you're looking for something unique, be sure to check out the Lackawanna Coal Mine or take a stroll along the Lake Scranton trail.
What is the food scene like in Scranton?
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The food scene in Scranton is diverse and delicious, with a range of restaurants serving everything from seafood to pizza to grilled meats. Some popular spots include Cooper's Seafood House, A Little Pizza Heaven, and Backyard Ale House. You can also find unique eateries like AV, Bar Pazzo, and 16th Ward, which offer a range of cuisines and dining experiences. There are also plenty of great food trucks and local cafes to grab a quick bite or coffee.
What are the pros and cons of living in Scranton?
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The pros of living in Scranton include its affordable cost of living, rich history and culture, and natural beauty, with plenty of parks and outdoor spaces to enjoy. However, some cons include the city's limited job market and economic challenges, as well as some areas of high crime. Overall, Scranton is a great place to live for those who value a close-knit community and a low cost of living, but may not be the best fit for everyone.
Is Scranton a good place to live?
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Scranton can be a great place to live, depending on your individual needs and preferences. The city has a lot to offer, from its historic downtown area to its beautiful parks and outdoor spaces. However, it's also important to consider the city's challenges, such as its limited job market and economic struggles. If you're looking for an affordable place to live with a strong sense of community, Scranton may be a good fit. But if you're looking for a more vibrant job market or a wider range of cultural attractions, you may want to consider other options.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Scranton PA Commercial Property: $38,463
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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