Retail Building with
For Sale
$279,900
1010 W Lacka Avenue, Scranton, PA 18504
Commercial Sale, Scranton, PA
Property Size1,800 SF
Lot Size0.28 Acres
Price / SF$155.50
Days on Market360
Property Features for 1010 W Lacka Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C2
Parking features
On Street
Security features
Security System
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Main Ave West Scranton to Lackawanna toward the city, property is on left
Standard status
Active
APN
14514090045
Size
1,800 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2435
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
4
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Ann A Sheroda · License #AB067350
(570) 498-4990
Added: Sep 4, 2025
Changed: Aug 28
Last Checked: Aug 29 at 9:06PM
MLS# SC254569
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 retail property contains approximately 1,800 square feet within a 1950-built commercial building. The layout includes a primary retail area, dedicated office space, and greenhouse improvements, offering a mix of customer-facing and support areas. Baseboard heating serves the building.
The property comprises four pin numbers across 0.28 acres in Scranton, Pennsylvania. Public water and public sewer serve the site, while on-street parking is available. C2 zoning supports the property's commercial retail classification.
The property comprises four pin numbers across 0.28 acres in Scranton, Pennsylvania. Public water and public sewer serve the site, while on-street parking is available. C2 zoning supports the property's commercial retail classification.
Key Highlights
- 1,800‑square‑foot retail property on 0.28 acres
- Four pin numbers comprise the property
- Main retail area plus office space
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
$16,916
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
6.04%
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%
$338,320
$338.3K
Cap Rate 7%
$241,657
$241.7K
Cap Rate 9%
$187,956
$188.0K
Market Conditions
NOI Build-Up for 1,800 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
$27.0K $15.00/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$24.2K $13.43/SF
− OpEx
−$7.2K −$4.03/SF
NOI
$16.9K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /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%
$338,320
Cap Rate 7%
$241,657
Cap Rate 9%
$187,956
Alternative Uses
Best Use
Retail
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.9K
$399.8K – $533.0K
NOI $31,981 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Groceries 11%
Dining 10%
Sheetz
Shops & Services
45,486 visits/mo
0.3 miles
Redner's Warehouse Market
Groceries
13,807 visits/mo
0.4 miles
Arby's
Dining
12,055 visits/mo
0.3 miles
Sunoco
Shops & Services
7,406 visits/mo
0.4 miles
Sunoco
Shops & Services
6,009 visits/mo
0.2 miles
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - C2-zoned property combines customer-facing space with offices and greenhouse improvements.
Where is this retail space located?
The property is located at 1010 W Lacka Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,800‑square‑foot retail property on 0.28 acres; Four pin numbers comprise the property; Main retail area plus office space
