Turn-Key Mixed-Use Restaurant
For Sale
$950,000
110 N Main Ave, Scranton, PA 18504
Turn-key fine dining with a modern bar and an on-site apartment, ideal for an owner-operator or hospitality investor.
Property Size3,015 SF
Price / SF$315.09
Days on Market115
Property Features for 110 N Main Ave
General Information
Standard status
Active
Size
3,015 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$265
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 309-8799
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Source:
Exprealty
Added: May 11
Changed: Aug 25
Last Checked: Aug 30 at 11:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NASSER REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This mixed-use property operates as a turn-key restaurant experience with a modern, contemporary atmosphere and a lively bar. The building, apartment, and commercial kitchen are described as “like new,” and the commercial kitchen equipment is included. The sale includes the liquor license, restaurant contents, and kitchen equipment, positioning the concept for immediate operation. An upscale apartment is also included, with stainless steel appliances and three large bedrooms, offering convenient on-site living just steps away from the restaurant.
The property is located on high-traffic Main Ave, supporting steady visibility for a hospitality business. The combination of restaurant operations and on-site residential space makes it especially compelling for operators seeking an efficient, integrated setup.
Given the inclusion of the liquor license and complete restaurant and kitchen buildout, this asset is well suited to an owner-operator looking to launch or continue a destination dining concept. It also presents an attractive opportunity for a hospitality investor seeking a standout, mixed-use property with a reputation for exceptional fine dining and a large, loyal following.
The property is located on high-traffic Main Ave, supporting steady visibility for a hospitality business. The combination of restaurant operations and on-site residential space makes it especially compelling for operators seeking an efficient, integrated setup.
Given the inclusion of the liquor license and complete restaurant and kitchen buildout, this asset is well suited to an owner-operator looking to launch or continue a destination dining concept. It also presents an attractive opportunity for a hospitality investor seeking a standout, mixed-use property with a reputation for exceptional fine dining and a large, loyal following.
Key Highlights
- Turn‑key restaurant operation on high‑traffic Main Ave, including the liquor license
- Includes all restaurant contents and kitchen equipment
- Modern bar as part of the restaurant setup
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
$32,494
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
3.42%
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%
$649,880
$649.9K
Cap Rate 7%
$464,200
$464.2K
Cap Rate 9%
$361,044
$361.0K
Market Conditions
NOI Build-Up for 3,015 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
$45.2K $15.00/SF
− Vacancy
−$1.9K −$0.63/SF
EGI
$43.3K $14.37/SF
− OpEx
−$10.8K −$3.59/SF
NOI
$32.5K $10.78/SF
Area
Lackawanna County, PA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$649,880
Cap Rate 7%
$464,200
Cap Rate 9%
$361,044
Alternative Uses
Best Use
Specialty Retail
$464.2K
$406.2K – $541.6K
NOI $32,494 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
109k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Sheetz
Shops & Services
45,486 visits/mo
0.5 miles
Arby's
Dining
12,055 visits/mo
0.5 miles
Sunoco
Shops & Services
7,406 visits/mo
0.3 miles
Sunoco
Shops & Services
6,009 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,893 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?
Conventional restaurant - Turn-key fine dining with a modern bar and an on-site apartment, ideal for an owner-operator or hospitality investor.
Where is this conventional restaurant located?
The property is located at 110 N Main Ave Scranton, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Turn‑key restaurant operation on high‑traffic Main Ave, including the liquor license; Includes all restaurant contents and kitchen equipment; Modern bar as part of the restaurant setup
