Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Grove St Wilkes Barre, PA 18702

    Sponsored
    For Sale
    Contact for pricing

    LAND - Wilkes-Barre, PA

    Lot size:
    0.09 Acres
    Days on Market:
    15
    Last Refresh:
    Mar 2 at 6:06 pm

    Property Features for Grove St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    73-I9NE2-034-006
    Lot size
    0.09 Acres

    We can help!

    Listing Contact
    Xiomara Caraballo Mercado

    EXP REALTY LLC (888) 397-7352

    Listing agent Xiomara Caraballo Mercado (888) 397-7352

    Listing date Feb 16, 2026

    MLS# SC260580 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Wilkes-Barre, PA

    This residential land is located in Wilkes-Barre, Pennsylvania. The lot size is 0.09 acres. The property is zoned for residential use. It is a corner lot. Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wilkes Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.893444
    Latitude
    41.234849

    Nearby Similar for Sale

    • $349,000
      1,742 SF

      Operating Repair Garage with House

      Turnkey repair garage and adjacent house for sale.
      531 N Pennsylvania Ave, Wilkes Barre, PA 18705
      View Details
    • $250,000
      1,000 SF

      Commercial Building in Wilkes-Barre

      Commercial building for sale, currently operating as a pizza restaurant.
      13 Woodward St, Wilkes Barre, PA 18705
      View Details
    • $925,000
      5,800 SF

      Turn-Key Commercial Space Available

      Stunning 5,800 sq ft commercial space in prime location.
      88 S Franklin St, Wilkes Barre, PA 18701
      View Details
    • $399,000
      2,147 SF

      Commercial Units in High-Traffic Location

      Two commercial units with long-term tenants in Wilkes-Barre, PA.
      102 Pittston Blvd, Wilkes Barre, PA 18702
      View Details
    • New
      $569,000
      Pending

      Modern Wilkes-Barre Multifamily Investment

      Four-unit building with coin-op laundry and off-street parking.
      75 Melrose Ave, Wilkes Barre, PA 18702
      View Details
    • $899,999
      87,000 SF

      Wilkes-Barre Warehouse Redevelopment Opportunity

      Two-story, 87,000 SF warehouse for renovation or redevelopment.
      173 Gilligan St, Wilkes Barre, PA 18702
      View Details
    • $485,000
      3,350 SF

      Turnkey Restaurant/Bar with Apartments

      Newly renovated restaurant/bar with apartments near Mohegan Sun Casino.
      20 School St, Wilkes Barre, PA 18705
      View Details
    • New
      $230,000
      2,723 SF

      Wilkes-Barre Multifamily Investment Opportunity

      Three-unit multifamily property in Wilkes-Barre with strong rental income.
      6 Barney St, Wilkes Barre, PA 18702
      View Details
    • New
      $245,000
      1,712 SF

      Well-Maintained Duplex in Wilkes-Barre

      Two-unit duplex with immediate income potential in Hanover Township.
      219 Taft St, Wilkes Barre, PA 18706
      View Details
    • New
      $408,667
      2,559 SF

      Shavertown Multifamily Home with Suite

      Move-in ready Shavertown home with in-law suite/apartment.
      36 Longdale Ave, Shavertown, PA 18708
      View Details
    • $273,900
      Pending

      Updated Duplex in Wilkes-Barre

      Move-in ready duplex, ideal for investors or owner-occupants.
      627 Carey Ave, Wilkes Barre, PA 18702
      View Details
    • $214,900
      3,150 SF

      Turnkey Duplex in Wilkes Barre

      Side-by-side duplex with upside potential near schools and transportation.
      10 Beekman St, Wilkes Barre, PA 18702
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner residential land for sale in Wilkes-Barre, Pennsylvania.
    Where is this residential land & home lot located?
    The property is located at Grove St Wilkes Barre, PA.
    What is the asking price?
    The asking price for this property is $21,000.
    What are key features of this property?
    This property features: - Corner Land; - Seller Financing Available; - Land for Sale
    (570) 851-9475
    Request Owner's contact information
    Grove St Wilkes Barre, PA 18702
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Grove St
    Wilkes Barre, PA 18702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Grove St Wilkes Barre, PA 18702
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Xiomara Caraballo Mercado
    Real Estate License ID: RS370253
    (570) 851-9475 (888) 397-7352
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!