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    750 Providence Rd Scranton, PA 18508

    Sponsored
    For Sale
    $1,700,000

    High-yield Turkey Hill, strong lease.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This prime commercial property at 750 Providence Road, Scranton, PA, presents a compelling investment opportunity. The 5,000 square foot building houses a thriving Turkey Hill Mini Market, operating under a robust 15-year lease with six 5-year options, ensuring long-term income stability. The lease includes rent escalations every five years, providing predictable growth. The tenant, Turkey Hill, is backed by the EG Group, a major international convenience store operator with over 267 locations across Pennsylvania, Ohio, and Indiana, offering significant financial strength and security. The property's Net Operating Income (NOI) is $87,725, based on the Turkey Hill lease. Situated on a 1.2-acre lot, the property offers significant developable land, presenting opportunities for future expansion or the addition of complementary businesses. The location in Scranton boasts high visibility and accessibility, benefiting from a strong local and commuter traffic flow. The surrounding area includes a mix of residential, commercial, and educational institutions, supporting a diverse customer base. The Scranton market, with a population exceeding 123,000 within a 5-mile radius and a median household income of $56,251, is experiencing revitalization, creating a positive economic environment. The asking price for this exceptional investment is $1,700,000.

    Property Features for 750 Providence Rd

    General Information

    Property type
    Retail properties
    Square Feet
    5,000 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2012
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Turkey Hill Minit ... Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6647
    Latitude
    41.41861

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    FAQs

    What type of property is this?
    Retail property - High-yield Turkey Hill, strong lease.
    Where is this retail property located?
    The property is located at 750 Providence Rd Scranton, PA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (570) 587-9999
    Request Owner's contact information
    750 Providence Rd Scranton, PA 18508
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    Realmo Value Estimation

    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.

    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.

    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
    750 Providence Rd Scranton, PA 18508
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