Restaurant with Three-Bedroom
For Sale
$950,000
110 N Main Avenue, Scranton, PA 18504
Commercial Sale, Scranton, PA
Property Size3,015 SF
Lot Size0.20 Acres
Price / SF$315.09
Days on Market110
Property Features for 110 N Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-01
Zoning description
Commercial
Rooms
Basement
Parking
5
Parking features
Off Street
Basement
Unfinished
Lot features
Level, Near General Business, Near Central Business District
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
North Main Ave across from Wells Fargo Bank.
Standard status
Active
APN
14518040052
Size
3,015 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
21X96x21x96 W-05 B-018 L-003 P-027
Tax Annual Amount
266
Legal Description
21X96x21x96 W-05 B-018 L-003 P-027
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Flooring type
Tile, Wood
Building materials
Brick, Vinyl Siding, Frame
Roof type
Rubber
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Added: May 11
Changed: Aug 19
Last Checked: Aug 28 at 6:06PM
MLS# SC262113
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property combines a 3,015-square-foot commercial operation with a three-bedroom apartment under one roof. The restaurant includes a commercial kitchen, modern bar, dining space, and furnishings and kitchen equipment conveyed with the sale, along with the liquor license. The apartment features stainless steel appliances, spacious interiors, and finished living areas.
Constructed in 1915, the property occupies 0.2 acres at 110 N Main Avenue in Scranton. Construction includes brick, vinyl siding, and frame elements, with tile and wood flooring. Building systems include forced-air natural-gas heating, central air conditioning, public water, public sewer, and a rubber roof. Off-street parking is provided, and the property is zoned C-01.
Constructed in 1915, the property occupies 0.2 acres at 110 N Main Avenue in Scranton. Construction includes brick, vinyl siding, and frame elements, with tile and wood flooring. Building systems include forced-air natural-gas heating, central air conditioning, public water, public sewer, and a rubber roof. Off-street parking is provided, and the property is zoned C-01.
Key Highlights
- 3,015‑square‑foot restaurant property on 0.2 acres
- Three‑bedroom apartment integrated with the restaurant
- Commercial kitchen, bar, restaurant contents, and kitchen equipment included
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
Mixed Use
$436.1K
$381.6K – $508.8K
NOI $30,527 @ 7.0% cap · market cap 3.21%
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
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 - Restaurant property with an integrated residential unit, commercial kitchen, bar, and included operating equipment.
Where is this conventional restaurant located?
The property is located at 110 N Main Avenue 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: 3,015‑square‑foot restaurant property on 0.2 acres; Three‑bedroom apartment integrated with the restaurant; Commercial kitchen, bar, restaurant contents, and kitchen equipment included
