Two-Unit Retail
For Sale
$399,000
102 Pittston Avenue, Pittston, PA 18640
COMMERCIAL - Pittston, PA
Property Size2,147 SF
Price / SF$185.84
Days on Market93
Property Features for 102 Pittston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Elementary school district
Pittston
Middle school district
Pittston
High school district
Pittston
Directions
Pittston bypass to the light by Donut Connection.
Subdivision
Pittston
Standard status
Active
APN
51-E12SW1-009-001 & 024
Size
2,147 SF
Taxes and HOA fees
Tax Description
Tenants personal property
Tax Annual Amount
5621
Legal Description
Tenants personal property
Listing Agency:
Rubbico Real Estate · Realty World
(570) 826-1600
Listed By:
Jonathan Kyle McDermott · License #RS378394
(570) 905-5215
Added: May 23
Changed: Aug 4
Last Checked: Aug 23 at 9:06AM
MLS# 25-6277
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of two commercial units currently occupied by long-term tenants. Each unit offers a versatile layout that can support a variety of retail or service-oriented uses, making the building adaptable for continued occupancy.
Located at 102 Pittston Avenue in Pittston, Pennsylvania, the property is described as having convenient access and strong visibility in a high-traffic area.
With two occupied units, the building provides a straightforward multi-tenant storefront configuration within a Commercial zoning designation.
Located at 102 Pittston Avenue in Pittston, Pennsylvania, the property is described as having convenient access and strong visibility in a high-traffic area.
With two occupied units, the building provides a straightforward multi-tenant storefront configuration within a Commercial zoning designation.
Key Highlights
- Two commercial units with long‑term tenants
- Versatile unit layouts suitable for a variety of uses
- Convenient high‑traffic location with visibility and access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,854
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$357,080
$357.1K
Cap Rate 7%
$255,057
$255.1K
Cap Rate 9%
$198,378
$198.4K
Market Conditions
NOI Build-Up for 2,147 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.3K $13.20/SF
− Vacancy
−$2.8K −$1.32/SF
EGI
$25.5K $11.88/SF
− OpEx
−$7.7K −$3.56/SF
NOI
$17.9K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$357,080
Cap Rate 7%
$255,057
Cap Rate 9%
$198,378
Alternative Uses
Best Use
Retail
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$680.2K
$595.2K – $793.5K
NOI $47,612 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Two commercial units are occupied by long-term tenants with versatile layouts in a high-traffic, well-accessed setting.
Where is this storefront property located?
The property is located at 102 Pittston Avenue Pittston, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two commercial units with long‑term tenants; Versatile unit layouts suitable for a variety of uses; Convenient high‑traffic location with visibility and access
