Listing Agency: Benjamin Real Estate

Listed By: Trieste Galbiati Show Phone

Source: Nepahousehunt

Added: Jul 8 Changed: Oct 1 Last Checked: Oct 14 at 11:14PM

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Investment Insights

Based on property information with market context.

This 2,464-square-foot auto shop is configured for hands-on vehicle service, with an office, bathroom, two man doors, and two garage doors. Building systems include coal heat with cast iron radiators serving two zones, along with three-phase electrical power and compressed air plumbed throughout the structure.

The property occupies a corner lot at 1066 N James St in Hazle Twp, Pennsylvania. Exterior features include outdoor lighting, while a monitored security system provides an installed security component for the building. The combination of service-oriented layout and existing mechanical infrastructure supports automotive shop use.

Key Highlights

• 2,464‑square‑foot auto shop on a corner lot
• Two garage doors and two man doors
• Three‑phase power and compressed air plumbed throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,598

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,960 $272.0K

Cap Rate 7%

$194,257 $194.3K

Cap Rate 9%

$151,089 $151.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,464 SF

Gross rent

$21.6K $8.76/SF

− Vacancy

−$2.2K −$0.88/SF

EGI

$19.4K $7.88/SF

− OpEx

−$5.8K −$2.37/SF

NOI

$13.6K $5.52/SF

Area

Luzerne County, PA

Vacancy

10.00%

Lease Rate

$8.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,960

Cap Rate 7%

$194,257

Cap Rate 9%

$151,089

Alternative Uses

Best Use

Retail

$292.7K

$256.1K – $341.5K (±1% cap)

NOI $20,491 @ 7.0% cap · market cap 10.25%

Second Best

Industrial

$194.3K

$170.0K – $226.6K (±1% cap)

NOI $13,598 @ 7.0% cap · market cap 6.80%

Theoretical Best

Office A

$780.6K

$683.0K – $910.7K (±1% cap)

NOI $54,642 @ 7.0% cap · market cap 27.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Law Firm Real Estate Agency Computer & Electronic Repair HVAC Service Locksmith Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

589

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18202, PA

13,894

Population

6,036

Households

2.3

Avg Household Size

42

Median Age

21%

College-Educated

88%

High-School Grad

35.0 sq mi

ZIP Area

397

Density / Sq Mi

$55,517

Median Household Income

$35,330

Median Earnings

$1,029

Median Rent

$182,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Kulaga's Garage — 8 Susquehanna Blvd, West Hazleton, PA 18202
• Brea Mech Auto — 149 Adams Ave, West Hazleton, PA 18202
• J&J Auto Body — 829 Allen St, Hazleton, PA 18201
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Frequently Asked Questions

What type of property is this?

Auto shop - Two garage doors, office, bathroom, and three-phase power support shop operations.

Where is this auto shop located?

The property is located at 1066 N James St Hazleton, PA.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: 2,464‑square‑foot auto shop on a corner lot; Two garage doors and two man doors; Three‑phase power and compressed air plumbed throughout