530 532 Pittston Avenue Scranton, PA 18505
COMMERCIAL - Scranton, PA
- Added:
- Feb 24, 2026
- Days on Market:
- 138
- Last Refresh:
- Jul 12 at 9:06 pm
Property Features for 530 532 Pittston Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Rooms
- Basement
- Parking
- 4
- Parking features
- Parking Lot, Off Street, On Street
- Basement
- Unfinished, Concrete
- Standard status
- Active
- APN
- 15616020015
- Size
- 2,900 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5001
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stone, Stucco
- Roof type
- Shingle
Listing agent Leah Gianacopoulos License #RS325414 (570) 947-9250
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Feb 24, 2026
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.
The offering is located at 530 532 Pittston Avenue in Scranton, Pennsylvania, within a Commercial zoning designation. Parking is available for up to four cars, and the property includes a rental unit next door. The rental unit is described as having a reliable tenant on a one-year lease with separate utilities.
This is a practical fit for an owner-operator looking to continue restaurant operations with the kitchen already in place and a layout designed for both dine-in and take-out service. For investors, the combination of an operating restaurant and an adjacent leased rental unit with separate utilities may provide diversification within one ownership structure. The improvements cited, including updated bathrooms and a new roof, can help reduce near-term building maintenance concerns while the business continues to operate.
Key Highlights
- Turnkey, established pizza restaurant with a strong reputation and loyal customer base.
- Rental income from an adjacent unit with a reliable tenant on a one‑year lease.
- Fully equipped commercial kitchen for seamless operation.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.5k | $15.00 |
| − Vacancy | −$1.8k | −$0.63 |
| EGI | $41.7k | $14.37 |
| − OpEx | −$10.4k | −$3.59 |
| NOI | $31.3k | $10.78 |
Alternative Uses
Property Analytics
Current Use by Public Records
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