Turn-Key Mixed-Use Restaurant
110 N Main Ave Scranton, PA 18504
110 N Main Ave, Scranton, PA, 18504
$950,000
For Sale
$950,000
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 Market69
Property Features for 110 N Main Ave
General Information
- Standard status
- Active
- Size
- 3,015 SF
Listing Agency
NASSER REAL ESTATE, INC.
(570) 309-8799
Listed by
Jim Nasser · License #AB065869
(570) 309-8799
Source
Exprealty
Added: May 11 Checked: Jul 17 at 6:00 pm
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
Local Financial Insights For Specialty Retail
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 | $45.2k | $15.00 |
| − Vacancy | −$1.9k | −$0.63 |
| EGI | $43.3k | $14.37 |
| − OpEx | −$10.8k | −$3.59 |
| NOI | $32.5k | $10.78 |
3,015 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Breed Athletics
Gym & Fitness Center
750 Plus CreditRepair ...
Financial Advisor
PUEBLA GROCERY
Grocery & Convenience Store
Pronto italian restaurant
Restaurant
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FAQs
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
