Mixed-Use Property with
For Sale
$1,825,000
151-157 N Main Street, Pittston, PA 18640
Commercial, Pittston, PA
Property Size9,200 SF
Price / SF$198.37
Days on Market25
Property Features for 151-157 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 6, Bathroom 8, Bathroom 3, Bathroom 4, Bathroom 7, Bathroom 1, Bathroom 2
Elementary school district
Pittston
Middle school district
Pittston
High school district
Pittston
Directions
River St, Plains to N Main St Pittston. Property on Right.
Subdivision
Pittston
Standard status
Active
APN
E11NE2022017/026/028/030 - 72
Size
9,200 SF
Taxes and HOA fees
Tax Annual Amount
7909
Listing Agency:
Classic Properties Kingston
(570) 718-4959
Listed By:
Charles Kasko · License #AB069814
(570) 690-9687
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 29 at 3:06AM
MLS# 26-3858
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 mixed-use property contains commercial storefronts alongside residential apartments within a 9200-square-foot building. The room schedule identifies 8 bathrooms across the property, supporting its combined commercial and residential configuration.
Located at 151-157 N Main Street in Pittston, the property is near downtown and close to shopping, dining, and local amenities. Its storefront and apartment components provide distinct commercial and residential spaces within one asset.
Located at 151-157 N Main Street in Pittston, the property is near downtown and close to shopping, dining, and local amenities. Its storefront and apartment components provide distinct commercial and residential spaces within one asset.
Key Highlights
- 9200‑square‑foot mixed‑use property
- Commercial storefronts combined with residential apartments
- 8 bathrooms identified in the room schedule
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
$91,080
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
4.99%
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%
$1,821,600
$1.8M
Cap Rate 7%
$1,301,143
$1.3M
Cap Rate 9%
$1,012,000
$1.0M
Market Conditions
NOI Build-Up for 9,200 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
$165.6K $18.00/SF
− Vacancy
−$19.9K −$2.16/SF
EGI
$145.7K $15.84/SF
− OpEx
−$54.6K −$5.94/SF
NOI
$91.1K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
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%
$1,821,600
Cap Rate 7%
$1,301,143
Cap Rate 9%
$1,012,000
Alternative Uses
Best Use
Mixed Use
$1.30M
$1.14M – $1.52M
NOI $91,080 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $204,019 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 42%
Hotels & Casinos 12%
Shell
Shops & Services
7,996 visits/mo
0.2 miles
Iron Skillet
Dining
7,414 visits/mo
0.2 miles
Best Western Plus Wilkes Barre-Scranton Airport Hotel
Hotels & Casinos
2,146 visits/mo
0.4 miles
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?
Mixed-use property - Combines commercial storefronts with residential apartment space in a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 151-157 N Main Street Pittston, PA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 9200‑square‑foot mixed‑use property; Commercial storefronts combined with residential apartments; 8 bathrooms identified in the room schedule
