Luzerne Shopping Center

Property Details

Project Description

Luzerne Shopping Center is a 58,388 square foot, PriceRite anchored shopping center in the heart of Scranton, PA. PriceRite has anchored Luzerne Shopping Center since 2004 and expanded twice. PriceRite has extended their lease through 2027 and currently holds options through 2042. This center offer 14,131 square feet of vacant retail space on the end cap of the center. This space is fitted for a variety of uses, including but not limited to medical, retail, and service-oriented users with plenty of parking. Luzerne Shopping Center sits on the corner of Luzerne St. and Meridian Ave, providing great visibility and convenient access off one the market’s main thoroughfare.

Location Description:

Luzerne Shopping Center has great visibility and signalized access to Luzerne Street (±14,000 VPD) and Meridian Ave (±3,000 VPD) with convenient proximity to I-81 (±83,000 VPD) and I-476 (±11,000 VPD). The center sits along the main retail thoroughfare of the market and is able to tap into an expansive consumer base traveling along the main interstates.

Trade Area Description:

Adding to the stability of the center, the site shows a 20-minute drive time demographic of over 172,717 people with household incomes more than $72,095 and daytime employment demographics equally as strong with 83,383. The demographics within a 10-mile radius include 222,655 people in 92,627 homes, a labor force of 185,285 with an average household income of $73,633. The area has seen a growth of 7% since 2000 with over 7,191 new homes

Property Location: