Flex Space with Garage & Two
1017 Prescott Avenue Scranton, PA 18510
1017 Prescott Avenue, Scranton, PA, 18510
$549,000
For Sale
$549,000
COMMERCIAL - Scranton, PA
Property Size7,050 SF
Lot Size0.27 Acres
Price / SF$77.87
Days on Market794
Property Features for 1017 Prescott Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Rooms
- Basement
- Parking
- 25
- Parking features
- On Street
- Fencing
- Chain Link
- Basement
- Unfinished
- Standard status
- Active
- APN
- 14618060027
- Size
- 7,050 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5052
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Tile
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency
ERA One Source Realty
(570) 587-9999
230 Northern Blvd., Clarks Summit, PA
Listed by
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Added: May 16, 2024 Checked: Jul 18 at 2:06 am
MLS# SC2596
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 property combines a front house with two apartments and a large rear garage/workspace designed for flexible commercial use. The garage includes large, easily accessible doors for convenient entry and exit of vehicles and larger equipment. The front units offer rental income potential, or they can be used as living space while operating out of the garage area.
Located at 1017 Prescott Avenue in Scranton, Pennsylvania (18510), the property is zoned C2. With a total building size listed at 7,050 square feet on a 0.27-acre lot, it provides a compact mixed-use configuration suitable for buyers seeking commercial space paired with residential units.
The overall layout supports multiple ways to utilize the property: rent the apartments, occupy one or both, and use the garage for storage or other light commercial activity consistent with the property’s described features.
Located at 1017 Prescott Avenue in Scranton, Pennsylvania (18510), the property is zoned C2. With a total building size listed at 7,050 square feet on a 0.27-acre lot, it provides a compact mixed-use configuration suitable for buyers seeking commercial space paired with residential units.
The overall layout supports multiple ways to utilize the property: rent the apartments, occupy one or both, and use the garage for storage or other light commercial activity consistent with the property’s described features.
Key Highlights
- Built in 1945 with stucco construction and a composition roof
- Front house includes two apartments, plus a rear garage space for storage or workspace use
- Garage features large, easily accessible doors for vehicle and large‑equipment entry/exit
Local Financial Insights For Warehouse
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 | $62.3k | $8.83 |
| − Vacancy | −$3.5k | −$0.49 |
| EGI | $58.8k | $8.34 |
| − OpEx | −$8.8k | −$1.25 |
| NOI | $50.0k | $7.09 |
7,050 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Multifamily LT 5
$830.6K
$726.7K – $969.0K
NOI $58,139 @ 7.0% cap · market cap 10.59%
Second Best
Apartment 5plus
$776.4K
$679.4K – $905.9K
NOI $54,351 @ 7.0% cap · market cap 9.90%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,259 @ 7.0% cap · market cap 22.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Alter H Catering Scranton — 400 Wyoming Ave, Scranton, PA 18503
- Lackawanna College Dining Services — 409 Adams Ave, Scranton, PA 18510
FAQs
What type of property is this?
Flex space - Front house has two apartments, complemented by a large garage/workspace with vehicle-sized, easily accessible doors.
Where is this flex space located?
The property is located at 1017 Prescott Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Built in 1945 with stucco construction and a composition roof; Front house includes two apartments, plus a rear garage space for storage or workspace use; Garage features large, easily accessible doors for vehicle and large‑equipment entry/exit
