Two-Story Bank
For Sale
$1,600,000
200 W Broad Street, Hazleton, PA 18201
Commercial, Hazleton, PA
Property Size8,050 SF
Price / SF$198.76
Days on Market242
Property Features for 200 W Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Hazleton
Middle school district
Hazleton
High school district
Hazleton
Directions
Located on the corner of Broad and Church in center city Hazleton. Across from Can Do building.
Subdivision
Hazleton Area
Standard status
Active
APN
71-T8SW42-013-008-000
Size
8,050 SF
Taxes and HOA fees
Tax Annual Amount
21372
Building Details
Year built
1980
Listing Agency:
Humford Realty
5708225126x3
Listed By:
Robert Finlay · License #RM-419149
(570) 822-5126
Added: Jan 22
Changed: Sep 13
Last Checked: Sep 21 at 4:06AM
MLS# 25-466
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 two-floor commercial building at 200 W Broad Street in Hazleton, Pennsylvania was constructed in 1980 for PNC Bank. The property includes 30 on-site parking stalls and is positioned at signalized lights, supporting convenient access for visitors and business operations. Commercial zoning accommodates its established commercial profile.
Recent capital improvements include a replacement roof covered by a warranty extending to 2040. HVAC systems were installed in 2015 and 2018 and receive quarterly maintenance. The building also includes two bathrooms and offers an existing bank-oriented configuration for continued commercial use.
Recent capital improvements include a replacement roof covered by a warranty extending to 2040. HVAC systems were installed in 2015 and 2018 and receive quarterly maintenance. The building also includes two bathrooms and offers an existing bank-oriented configuration for continued commercial use.
Key Highlights
- Two‑floor commercial building constructed in 1980
- Originally built for PNC Bank
- 30 on‑site parking stalls
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
$86,759
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
5.42%
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%
$1,735,180
$1.7M
Cap Rate 7%
$1,239,414
$1.2M
Cap Rate 9%
$963,989
$964.0K
Market Conditions
NOI Build-Up for 8,050 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
$120.8K $15.00/SF
− Vacancy
−$5.1K −$0.63/SF
EGI
$115.7K $14.37/SF
− OpEx
−$28.9K −$3.59/SF
NOI
$86.8K $10.78/SF
Area
Luzerne County, PA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,735,180
Cap Rate 7%
$1,239,414
Cap Rate 9%
$963,989
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,759 @ 7.0% cap · market cap 5.42%
Second Best
Retail
$956.3K
$836.8K – $1.12M
NOI $66,944 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,517 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,428
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Commercially zoned property with on-site parking, a renewed roof, and HVAC systems installed in 2015 and 2018.
Where is this bank located?
The property is located at 200 W Broad Street Hazleton, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑floor commercial building constructed in 1980; Originally built for PNC Bank; 30 on‑site parking stalls
