Clarks Summit, Pennsylvania Commercial Real Estate 1 Listing

Clarks Summit, Pennsylvania: A Premier Destination for Commercial Real Estate

Introduction

Clarks Summit, Pennsylvania, is an emerging hub for commercial real estate, offering a unique blend of strategic economic positioning and growth potential. This small town, located in Lackawanna County, is part of the Scranton–Wilkes-Barre–Hazleton Metropolitan Statistical Area. Clarks Summit acts as a gateway to northeastern Pennsylvania, with a robust economy supported by diverse industries such as healthcare, education, and retail. Its strategic location, coupled with a growing demand for commercial properties, makes Clarks Summit an attractive destination for CRE investors and professionals.

Economic and Industry Overview

Clarks Summit's economy is diverse, with key industries including healthcare, retail, and education driving the demand for various commercial property types. The proximity to larger cities like Scranton enhances its appeal for office space, while the retail sector benefits from local and regional consumer bases. Scranton/Lackawanna County Economic Development initiatives actively support business growth and infrastructure development, creating more opportunities for CRE investment.

Strategic Location and Transportation Infrastructure

Clarks Summit is strategically located with access to major transportation routes. It is close to Interstate 81 and the Pennsylvania Turnpike, facilitating efficient logistics and distribution channels. The nearby Wilkes-Barre/Scranton International Airport enhances connectivity, offering flights to major hubs. This infrastructure supports the movement of goods and access to a skilled labor pool, making Clarks Summit a prime location for industrial and distribution facilities.

Commercial Real Estate Inventory & Zoning

The commercial real estate market in Clarks Summit is characterized by diverse submarkets, including the central business district and industrial corridors. Key asset classes include office spaces, retail centers, and industrial properties. Recent zoning changes have introduced incentives for mixed-use developments, promoting a vibrant business environment. For more details, refer to the Lackawanna County Zoning Maps.

Major Employers and Institutions

Clarks Summit is home to several major employers and institutions contributing to CRE demand. Key players include healthcare providers like Geisinger Community Medical Center and educational institutions like Abington Heights School District. The presence of these organizations supports the local economy and drives the need for office and retail spaces. For a comprehensive list of local businesses, visit the Scranton Chamber of Commerce Business Directory.

Notable Commercial Developments & Projects

Several notable commercial developments are underway in Clarks Summit, including mixed-use projects and revitalization efforts. These projects are often supported by public-private partnerships and fall within designated Opportunity Zones, offering tax incentives for investors. For information on current projects, check the Lackawanna County Planning Commission.

Building Permits, Planning, and Development Tools

For developers and investors, Clarks Summit provides a suite of tools and resources:

Market Data & Economic Reports

Access comprehensive market data and economic reports through public data sets like Census.gov and the Lackawanna County Open Data Portal. Brevitas leverages AI-powered aggregation from these public sources and internal insights to offer detailed market analysis. Explore our Brevitas-powered dashboards for real-time data on Clarks Summit.