Scranton Office/Retail Building For
7 Oakwood Drive Scranton, PA 18504
7 Oakwood Drive, Scranton, PA, 18504
$699,000
For Sale
$699,000
SINGLE_FAMILY - Scranton, PA
Property Size3,000 SF
Lot Size0.51 Acres
Price / SF$233
Days on Market65
Property Features for 7 Oakwood Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C-01
- Parking
- 20
- Standard status
- Active
- APN
- 1340101002508
- Size
- 3,000 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0.509A Oakwood Estates L C-8 Ph II W-03
- Tax Annual Amount
- 13710
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 2
Listing agency
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed by
Jim Nasser · License #AB065869
(570) 309-8799
Added: May 18 Updated: May 27 at 11:11AM Checked: Jul 21 at 7:06AM
MLS# SC262264
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 modern office/retail building, situated just off Keyser Ave in Scranton, PA, features ample paved parking. The property offers a functional layout suitable for either two separate units, each with independent utilities, or a single, larger unit. The right-side unit is plumbed for a hair salon. The 3,000 square feet property on a 0.509-acre lot is zoned C-01 and is ideal for medical space, professional offices, or various other commercial uses.
Key Highlights
- Ample paved parking available.
- Convenient location just off Keyser Ave.
- Functional layout suitable for 2 units (with separate utilities) or one large unit.
Local Financial Insights For Office B
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 | $60.1k | $20.04 |
| − Vacancy | −$8.7k | −$2.91 |
| EGI | $51.4k | $17.13 |
| − OpEx | −$12.9k | −$4.28 |
| NOI | $38.6k | $12.85 |
3,000 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$550.7K
$481.9K – $642.5K
NOI $38,552 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.5K
$666.3K – $888.4K
NOI $53,302 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Main Office
Corporate Office
Kriger Construction Co
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Modern building near Keyser Ave, suitable for various commercial uses.
Where is this office units located?
The property is located at 7 Oakwood Drive Scranton, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Ample paved parking available.; Convenient location just off Keyser Ave.; Functional layout suitable for 2 units (with separate utilities) or one large unit.
