Mixed-Use Property with
For Sale
$369,000
181 S Wyoming Street, Hazleton, PA 18201
Commercial Sale, Hazleton, PA
Property Size3,189 SF
Lot Size0.05 Acres
Price / SF$115.71
Days on Market92
Property Features for 181 S Wyoming Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Basement
Full
Subdivision
Hazleton City
Standard status
Active
APN
71-U8NW12-004-001-000
Size
3,189 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
185 S Wyoming St
Tax Annual Amount
4504
Legal Description
185 S Wyoming St
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Floors in Building
3
Flooring type
Varies
Roof type
Rubber, Shingle
Listing Agency:
Bear Mountain Real Estate LLC
(570) 325-3300
Listed By:
Keri A Gallagher · License #RS355864
(570) 401-2026
Added: Jun 9
Changed: Sep 5
Last Checked: Sep 8 at 5:06PM
MLS# PM-142047
Copyright © 2026 Pocono Mountains 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 combines a bar and restaurant space with three residential apartments. The commercial component includes a transferable liquor license. Residential accommodations include two one-bedroom, one-bath apartments and a larger three-bedroom, one-and-a-half-bath unit with a bonus room. One of the one-bedroom apartments also has private outdoor access.
The property contains 3,189 square feet on a 0.05-acre lot at 181 S Wyoming Street in Hazleton, Pennsylvania. Public water and sewer serve the building. Heating is provided by natural gas and baseboard systems, with rubber and shingle roofing and varied flooring finishes.
The property contains 3,189 square feet on a 0.05-acre lot at 181 S Wyoming Street in Hazleton, Pennsylvania. Public water and sewer serve the building. Heating is provided by natural gas and baseboard systems, with rubber and shingle roofing and varied flooring finishes.
Key Highlights
- 3,189‑square‑foot mixed‑use property on a 0.05‑acre lot
- Transferable liquor license included with the commercial space
- Three residential apartments: two 1‑bed/1‑bath units and one 3‑bed/1.5‑bath unit
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
$31,571
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
8.56%
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%
$631,420
$631.4K
Cap Rate 7%
$451,014
$451.0K
Cap Rate 9%
$350,789
$350.8K
Market Conditions
NOI Build-Up for 3,189 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
$57.4K $18.00/SF
− Vacancy
−$6.9K −$2.16/SF
EGI
$50.5K $15.84/SF
− OpEx
−$18.9K −$5.94/SF
NOI
$31.6K $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%
$631,420
Cap Rate 7%
$451,014
Cap Rate 9%
$350,789
Alternative Uses
Best Use
Specialty Retail
$491.0K
$429.6K – $572.8K
NOI $34,369 @ 7.0% cap · market cap 9.31%
Second Best
Mixed Use
$451.0K
$394.6K – $526.2K
NOI $31,571 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$1.01M
$884.0K – $1.18M
NOI $70,719 @ 7.0% cap · market cap 19.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, a transferable liquor license, and three residential units create a combined business and rental-use configuration.
Where is this mixed-use property located?
The property is located at 181 S Wyoming Street Hazleton, PA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 3,189‑square‑foot mixed‑use property on a 0.05‑acre lot; Transferable liquor license included with the commercial space; Three residential apartments: two 1‑bed/1‑bath units and one 3‑bed/1.5‑bath unit
