Mixed-Use Building with Paved
For Sale
$260,900
1365 Wyoming Avenue, Scranton, PA 18509
Commercial Sale, Scranton, PA
Property Size1,714 SF
Lot Size0.45 Acres
Price / SF$152.22
Days on Market57
Property Features for 1365 Wyoming Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN
Zoning description
Commercial
Rooms
Basement
Parking
20
Parking features
Paved or Surfaced, Alley, Parking Lot
Basement
Full
Lot features
Back Yard, Paved, Cleared
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Blakely St. Dunmore to right on Greenridge St. to left on Wyoming Ave. (across from County Criminal Justice Center)
Standard status
Active
APN
14605070057
Size
1,714 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X120x40x67x80x187 W-13 B-0170 L-015A P-05600 + 40X120 ADDITIONAL TAX INFO BELOW
Tax Annual Amount
4715
Legal Description
40X120x40x67x80x187 W-13 B-0170 L-015A P-05600 + 40X120 ADDITIONAL TAX INFO BELOW
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Ductless (Heating), Natural Gas
Cooling system
Ductless
Water source
Public
Amenities
ductless AC/heat systems
basement
two entrances/exits
Building Details
Year built
1900
Floors in Building
1
Number of units
1
Flooring type
Carpet
Building materials
Brick Veneer, Stone
Roof type
Flat, Mixed, Composition, Wood
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Ann E Cappellini · License #AB045764A
(570) 575-2333
Added: Jul 9
Changed: Aug 26
Last Checked: Sep 3 at 11:06AM
MLS# SC263347
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.
Investment Insights
Based on property information with market context.
This 1,714-square-foot mixed-use property occupies a 0.45-acre two-parcel assemblage with a single-story brick and stone structure. The interior has been opened and reconfigured for build-out, with provisions for an accessible bathroom, two separate entrances, and a basement with generous ceiling height. Recent work includes a partial roof replacement and new windows in 2019, along with interior remodeling. Building systems include a 200 AMP electrical panel, natural-gas heat and hot water, and two ductless AC/heat units.
The property is located at 1365 Wyoming Avenue in Scranton, directly across from the Lackawanna County Criminal Justice Center. Paved parking is provided, with alley access also listed. The second parcel is unimproved and measures 40 feet by 120 feet, creating additional land within the offering. Public water and sewer serve the property.
The property is located at 1365 Wyoming Avenue in Scranton, directly across from the Lackawanna County Criminal Justice Center. Paved parking is provided, with alley access also listed. The second parcel is unimproved and measures 40 feet by 120 feet, creating additional land within the offering. Public water and sewer serve the property.
Key Highlights
- 1,714 SF single‑story structure on a 0.45‑acre, two‑parcel offering
- Unimproved second parcel measures 40' x 120'
- Across from the Lackawanna County Criminal Justice Center
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
$17,354
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
6.65%
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%
$347,080
$347.1K
Cap Rate 7%
$247,914
$247.9K
Cap Rate 9%
$192,822
$192.8K
Market Conditions
NOI Build-Up for 1,714 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
$30.9K $18.00/SF
− Vacancy
−$3.1K −$1.80/SF
EGI
$27.8K $16.20/SF
− OpEx
−$10.4K −$6.07/SF
NOI
$17.4K $10.13/SF
Area
Lackawanna County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$347,080
Cap Rate 7%
$247,914
Cap Rate 9%
$192,822
Alternative Uses
Best Use
Mixed Use
$247.9K
$216.9K – $289.2K
NOI $17,354 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$230.1K
$201.3K – $268.5K
NOI $16,107 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 17%
McDonald's
Dining
24,581 visits/mo
0.1 miles
Wendy's
Dining
16,633 visits/mo
0.4 miles
Valero Energy
Shops & Services
4,193 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
2,483 visits/mo
0.1 miles
Scranton Dodge Chrysler Jeep RAM
Shops & Services
1,650 visits/mo
0.2 miles
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible single-story commercial space with two entrances, basement storage, and recent building improvements.
Where is this mixed-use property located?
The property is located at 1365 Wyoming Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $260,900.
What are key features of this property?
This property features: 1,714 SF single‑story structure on a 0.45‑acre, two‑parcel offering; Unimproved second parcel measures 40' x 120'; Across from the Lackawanna County Criminal Justice Center
