Name: ERA One Source Realty - Sunita Arora
Address: 230 Northern Boulevard, Clarks Summit, PA, 18411, US
Telephone: (570) 510-5840
Price range: $$-$$$$

Question 1

What types of commercial properties are available in Lackawanna County?

Accepted Answer

Lackawanna County offers diverse commercial real estate options including office space, retail stores, restaurants and entertainment venues, medical and pharmaceutical facilities, warehouses, distribution centers, manufacturing plants, industrial buildings, and multi-family investment properties. The county has approximately 62 commercial real estate listings with properties ranging from 2,500 to over 166,000 square feet. Major industries include healthcare, academia, manufacturing, and social services. Contact Sunita Arora at (570) 510-5840 to search available commercial properties.

Question 2

What is the average cost for commercial real estate in Scranton?

Accepted Answer

Commercial real estate in Scranton offers competitive pricing compared to major metropolitan areas. For sale properties average $163 per square foot with an average cap rate of 8.87%. For lease properties average $15 per square foot annually, ranging from $4 to $38 per square foot depending on location, type, and condition. The average property size is approximately 43,065 square feet for sale and 76,059 square feet for lease. With 73 properties for sale and 78 for lease, businesses have numerous options. Email sunitaarora11@gmail.com for current commercial listings.

Question 3

What tax incentives are available for businesses in Scranton and Lackawanna County?

Accepted Answer

Scranton and Lackawanna County offer significant tax incentives for businesses including: LERTA (Local Economic Revitalization Tax Assistance) - a 10-year, 100% tax abatement on owner improvements to properties within Scranton city limits, passed in conjunction with Scranton School District and Lackawanna County. Keystone Opportunity Zones (KOZ) - designated areas where businesses may be exempt from state and local taxes including Corporate Net Income Tax, Personal Income Tax, Sales Use Tax, and Local Real Property Tax, potentially reducing the tax burden to zero. The Keystone Innovation Zone (KIZ) Tax Credit Program is available to for-profit companies less than 8 years old operating within targeted industries.

Question 4

What industrial and warehouse space is available in Northeastern Pennsylvania?

Accepted Answer

Northeastern Pennsylvania has experienced higher than average activity in industrial development. The region offers industrial sites spanning 6 to 180 acres and manufacturing/warehouse facilities ranging from 18,000 square feet to over 1 million square feet. Major industrial areas are strategically located along the I-81 corridor serving Scranton, Pittston, Wilkes-Barre, and Hazleton markets. Properties include cold storage facilities, manufacturing plants, warehouses, distribution centers, and flex space. Major developers like Mericle Commercial Real Estate have developed approximately 28 million square feet housing several hundred firms with over 20,000 employees.

Question 5

Is Clarks Summit and The Abingtons good for commercial investment?

Accepted Answer

Clarks Summit and The Abingtons (population over 25,000, including South Abington Township, Clarks Green, Glenburn, Dalton, Waverly, and surrounding areas) offer excellent commercial investment opportunities. The area has close proximity to major highways (Route 11, I-81), a low unemployment rate compared to the national average, excellent schools (Abington Heights School District), and high quality of life. Commercial zoning is available for multi-family investments, retail, office, and professional services. Recently named one of the safest cities in Pennsylvania, Clarks Summit attracts businesses seeking expansion or relocation. Contact (570) 510-5840 to explore commercial opportunities in The Abingtons.

Question 6

What commercial real estate is available in the Pocono Mountains?

Accepted Answer

The Pocono Mountains region spanning Monroe, Wayne, Pike, and Carbon Counties offers commercial real estate opportunities including industrial buildings, professional office space, retail space, and hospitality properties. The Pocono Mountains Economic Development Corporation lists properties in the Pocono Mountains Corporate Center including professional and medical office buildings (18,400+ square feet), industrial buildings (10,500 to 510,510 square feet), and properties with Keystone Opportunity Zone (KOZ) benefits through 12/31/2027. Properties feature amenities like loading docks, overhead doors, and high ceiling heights (18-36 feet clear). The region benefits from proximity to hiking, ski resorts, water parks, and the Delaware River.

Commercial Properties