Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1316 Luzerne St Scranton, PA 18504

    Sponsored
    For Sale
    $299,000

    High-yield convenience store & restaurant

    Property size:
    1,890 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property in Scranton, PA, presents a compelling investment opportunity. Located at 1316 Luzerne Street, this 1,890 square foot building sits on a 0.1-acre lot and boasts a thriving convenience store at the front, benefiting from high foot traffic due to its proximity to a local high school. Students provide consistent daily sales of breakfast, lunch, and snacks. The rear of the building houses a commercial kitchen currently operating as a takeout restaurant, offering significant untapped potential for growth through online delivery services such as DoorDash, UberEats, and Grubhub. The property also includes a three-bedroom, one-and-a-half-bathroom apartment, adding to its income-generating capabilities. The strong residential base in the area further supports the restaurant's potential. This property offers a solid 9% cap rate on a $299,000 asking price. The seller is willing to consider creative financing options, making this a truly attractive value-add opportunity for the discerning investor. The combination of a successful convenience store, a growing takeout restaurant, and a residential apartment provides a diversified income stream and significant upside potential. Don't miss this chance to acquire a well-positioned, income-producing property in a desirable location.

    Property Features for 1316 Luzerne St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,890 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    West Side Flava's Southern Restaurant (Us)

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.68859
    Latitude
    41.41058

    Nearby Similar for Sale

    • New
      $399,000
      Pending

      North Scranton Updated Four-Unit Building

      Well-maintained four-unit building in North Scranton with updated features.
      955-961 Providence Rd, Scranton, PA 18508
      View Details
    • $450,000
      4,234 SF

      Established Day Care Center For Sale

      Thriving day care center in Scranton's Keyser Valley area.
      2118 Washburn St, Scranton, PA 18504
      View Details
    • $399,000
      Pending

      Renovated Four-Unit Multifamily Property

      Updated four-unit property with income potential in Scranton, Pennsylvania.
      2513 N Main Ave, Scranton, PA 18508
      View Details
    • $699,000
      4,000 SF

      Turnkey Medical Office For Sale

      Fully functional medical office with equipment and parking available for sale.
      2603 Stafford Ave, Scranton, PA 18505
      View Details
    • New
      $290,000
      2,047 SF

      Well-Maintained Taylor Two-Family Home

      Two-family home in Taylor with rental income potential.
      1295 Reynolds Ave, Scranton, PA 18517
      View Details
    • New
      $450,000
      3,171 SF

      Remodeled Two-Unit Home, Scranton

      Fully remodeled 2-unit home in Scranton's historic Hill section.
      342 Harrison Ave, Scranton, PA 18510
      View Details
    • $185,000
      Pending

      Turnkey Duplex Investment Opportunity

      Fully occupied duplex with updated units, ideal for investors.
      1606 Dickson Ave, Scranton, PA 18509
      View Details
    • $199,999
      Pending

      Scranton Multifamily Investment Opportunity

      Three-unit property in North Scranton with parking and garage.
      1210-1212 N Rebecca Ave, Scranton, PA 18504
      View Details
    • New
      $415,000
      Pending

      Throop Mixed-Use Commercial Building

      Commercial building with storefront and residential units in Throop.
      717 Center St, Scranton, PA 18512
      View Details
    • $485,000
      2,920 SF

      Dunmore Multifamily Investment Opportunity

      Five-unit building with garage and two lots in Dunmore, PA.
      212 E Elm St, Scranton, PA 18512
      View Details
    • New
      $272,000
      2,347 SF

      Charming Two-Unit Investment Opportunity

      Two-unit property with spacious layouts and desirable amenities.
      2009-2011 Margaret Ave, Scranton, PA 18508
      View Details
    • $399,000
      3,542 SF

      Prime Commercial Space in Scranton

      Highway Commercial District property with income potential and flexible layout.
      381 N 9Th Ave, Scranton, PA 18504
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-yield convenience store & restaurant
    Where is this mixed-use property located?
    The property is located at 1316 Luzerne St Scranton, PA.
    What is the asking price?
    The asking price for this property is $299,000.
    Request Owner's contact information
    1316 Luzerne St Scranton, PA 18504
    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.
    1316 Luzerne St
    Scranton, PA 18504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1316 Luzerne St Scranton, PA 18504
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.