Established Auto Shop with
For Sale
$595,000
800 Providence Road, Scranton, PA 18508
Commercial Sale, Scranton, PA
Property Size6,547 SF
Lot Size0.37 Acres
Price / SF$90.88
Days on Market420
Property Features for 800 Providence Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Zoning description
Commercial
Parking features
Parking Lot
Security features
Security System
Lot features
Paved
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Property Located across from the Memorial Stadium.
Standard status
Active
APN
14512020007
Size
6,547 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
This property has two parcel numbers:14512020007,14512020006
Legal Description
This property has two parcel numbers:14512020007,14512020006
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
gas heat
air conditioning
public sewer
public water
Building Details
Year built
1945
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Concrete
Listing Agency:
CLASSIC PROPERTIES
(570) 587-7000
Listed By:
Kimberlee Glinsky · License #RS195179L
(570) 840-1021
Added: Aug 4, 2025
Changed: Sep 6
Last Checked: Sep 27 at 5:06PM
MLS# SC253854
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 approximately 6,547-square-foot auto shop occupies a 0.37-acre site comprising two parcels. The building features a large garage area, office space, concrete flooring, block and concrete construction, natural-gas heat, and a wall-mounted cooling unit in the waiting room. Public water and sewer serve the property, and parking is available on the front, side, and rear portions of the site.
The property is positioned for convenient highway access and includes four vehicle lifts, two air compressors, an Atlas metal lathe, a parts washer, an Avaya phone system, an exterior security camera system, and an interior motion security system. The building was constructed in 1945 and is located in Scranton, Pennsylvania.
The property is positioned for convenient highway access and includes four vehicle lifts, two air compressors, an Atlas metal lathe, a parts washer, an Avaya phone system, an exterior security camera system, and an interior motion security system. The building was constructed in 1945 and is located in Scranton, Pennsylvania.
Key Highlights
- Approximately 6,547 square feet on a 0.37‑acre site
- Two parcels with front, side, and rear parking
- Four vehicle lifts and two air compressors included
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
$38,201
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
6.42%
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%
$764,020
$764.0K
Cap Rate 7%
$545,729
$545.7K
Cap Rate 9%
$424,456
$424.5K
Market Conditions
NOI Build-Up for 6,547 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
$57.8K $8.83/SF
− Vacancy
−$3.2K −$0.49/SF
EGI
$54.6K $8.34/SF
− OpEx
−$16.4K −$2.50/SF
NOI
$38.2K $5.83/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
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%
$764,020
Cap Rate 7%
$545,729
Cap Rate 9%
$424,456
Alternative Uses
Best Use
Retail
$878.9K
$769.1K – $1.03M
NOI $61,525 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$545.7K
$477.5K – $636.7K
NOI $38,201 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,322 @ 7.0% cap · market cap 19.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,686
Businesses Nearby
138k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 35%
Groceries 10%
Sheetz
Shops & Services
45,486 visits/mo
0.3 miles
Dunkin' Donuts
Dining
21,885 visits/mo
0.4 miles
Taco Bell
Dining
14,560 visits/mo
0.1 miles
Redner's Warehouse Market
Groceries
13,807 visits/mo
0.3 miles
Turkey Hill Minit Market
Shops & Services
13,517 visits/mo
0.1 miles
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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- Used Transmissions Depot — 201 Lackawanna Ave, Scranton, PA 18503
- Scranton RPM Mobile Mechanic — 221 Wyoming Ave, Scranton, PA 18503
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial garage with dedicated office space, parking, utility service, and included automotive equipment.
Where is this auto shop located?
The property is located at 800 Providence Road Scranton, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 6,547 square feet on a 0.37‑acre site; Two parcels with front, side, and rear parking; Four vehicle lifts and two air compressors included
