Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1310 Clay Avenue Dunmore, PA 18510

    View on Map
    Picture of Commercial land at 1310 Clay Avenue, Dunmore, PA
    For Sale
    $549,900

    LAND - Dunmore, PA

    Lot size:
    3.37 Acres
    Added:
    Sep 19, 2025
    Days on Market:
    194
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for 1310 Clay Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C2
    Standard status
    Active
    APN
    14614030017
    Lot size
    3.37 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    2498

    We can help!

    Listing Contact
    Christian Saunders
    Christian Saunders

    Listing agent Christian Saunders License #RM424906

    Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA

    Listing date Sep 19, 2025

    MLS# SC254880 Listing URL

    Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dunmore Land Approved for Development

    This 3.37-acre parcel is located in a no through-traffic area and is zoned C-1 (Neighborhood Commercial). A variance was granted on October 11, 2023, approving the development of a 60-unit Assisted Living Facility with a retail component on the first floor. The property is intended to bring lasting value to the community. Surveys, architectural renderings, and site and structural engineering plans are available for review. The acreage allows for ample parking, professional landscaping, and room for future expansion. This property is a shovel-ready opportunity in Dunmore.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunmore
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6402134
    Latitude
    41.4179698

    Nearby Similar for Sale

    • $700,000
      3,900 SF

      Established Restaurant, Bar, and Catering

      Turnkey restaurant, bar, and catering business with equipment and liquor license.
      411 Chestnut Street, Dunmore, PA 18512
      View Details
    • $339,000
      2,800 SF

      Dunmore Investment Property For Sale

      Fully occupied four-unit property in Dunmore with immediate cash flow.
      1 3 Ferguson Place, Dunmore, PA 18509
      View Details
    • $305,000
      3,344 SF

      Spacious Multi-Unit Building in Dunmore

      Three-unit building with spacious rooms and a large rear yard.
      710 Smith Street, Dunmore, PA 18512
      View Details
    • $299,000
      2,300 SF

      Updated Dunmore Triplex For Sale

      Updated 3-unit property in Dunmore with strong rental history.
      640 642 S Blakely Street, Dunmore, PA 18510
      View Details
    • $565,000
      8,820 SF

      Well-Maintained Office Building For Sale

      Single-story office building with multi-tenant potential near Interstate 81.
      32 Line Street, Dunmore, PA 18512
      View Details
    • $230,000
      1,606 SF

      Dunmore Two-Family Property For Sale

      Well-maintained duplex in Dunmore with updated interiors and in-unit laundry.
      113 Franklin Street, Dunmore, PA 18512
      View Details
    • $1,200,000
      130,000 SF

      Approved Self-Storage Development Project

      Approved site plan for a 130,400 SF self-storage facility.
      1000 Meade Street, Dunmore, PA 18512
      View Details
    • $495,000
      3 SF

      Commercial Land with Highway Access

      3-acre commercial land with utilities and highway visibility.
      Meade Street, Dunmore, PA 18512
      View Details
    • $7,739,000

      Vacant Industrial Land For Sale

      77.39+/- acres of vacant industrial land for sale.
      154 University Dr, Dunmore, PA 18512
      View Details
    • Contact for pricing
      4,545 SF

      Dunmore Corner Property For Rent

      6,610 SF building on 0.57 acres in Dunmore, PA
      300-306 S Blakely St, Dunmore, PA
      View Details
    • $59,900

      Land in Dunmore, PA

      Building site with utilities and mature trees in Dunmore.
      Baldassari Drive lot: A-1, Dunmore, PA 18512
      View Details
    • Contact for pricing

      Commercial Land with Highway Access

      Land with frontage and immediate highway access in Dunmore, PA.
      Meade St, Dunmore, PA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.37-acre parcel approved for 60-unit assisted living facility.
    Where is this commercial land located?
    The property is located at 1310 Clay Avenue Dunmore, PA.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Approved variance for a 60‑unit Assisted Living Facility with retail component.; 3. 37‑acre parcel zoned C‑1 (Neighborhood Commercial) in a desirable location.; Shovel‑ready opportunity with surveys, architectural renderings, and engineering plans available.
    (570) 947-3292
    We can help!
    Listing Contact
    Christian Saunders
    Christian Saunders
    Real Estate License ID: RM424906
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!