Four-Bay Auto
New
For Sale
$275,000
1117 N Main Avenue, Scranton, PA 18508
Commercial Sale, Scranton, PA
Property Size2,688 SF
Lot Size0.21 Acres
Price / SF$102.31
Days on Market1
Property Features for 1117 N Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking features
Off Street, Garage
Lot features
Corner Lot, Level
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From the Scranton Expressway, take the Main Ave exit heading north, property will be on the left at the corner of Tripp Place & N. Main Ave. (Sign)
Standard status
Active
APN
13419030037
Size
2,688 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
47X185x47x190 Winton & Livey Plot Ptl 12 B 5 W-02 B-054 L-003 P-001
Tax Annual Amount
3988
Legal Description
47X185x47x190 Winton & Livey Plot Ptl 12 B 5 W-02 B-054 L-003 P-001
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
natural gas heating
newer roof
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Building materials
Block
Roof type
Rubber, Flat
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Added: Sep 9
Last Checked: Sep 9 at 7:06PM
MLS# SC264494
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 C1-zoned auto shop occupies a 2,688-square-foot commercial property built in 1965. The building includes approximately 1,700 square feet of garage area with four bays and approximately 900 square feet of office space. Block construction, a newer rubber roof, and a flat roof design are among the existing improvements.
Natural gas is connected to forced-air blowers for heat. The property also includes 0.21 acres with rear land that can support parking or storage. Off-street and garage parking are available, with public water and public sewer serving the site. Located at 1117 N Main Avenue in Scranton, Pennsylvania.
Natural gas is connected to forced-air blowers for heat. The property also includes 0.21 acres with rear land that can support parking or storage. Off-street and garage parking are available, with public water and public sewer serving the site. Located at 1117 N Main Avenue in Scranton, Pennsylvania.
Key Highlights
- Four garage bays within approximately 1,700 sq ft of garage space
- Approximately 900 sq ft of office space
- 0.21 acres with rear land for parking or storage
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
$25,260
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
9.19%
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%
$505,200
$505.2K
Cap Rate 7%
$360,857
$360.9K
Cap Rate 9%
$280,667
$280.7K
Market Conditions
NOI Build-Up for 2,688 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
$40.3K $15.00/SF
− Vacancy
−$4.2K −$1.58/SF
EGI
$36.1K $13.43/SF
− OpEx
−$10.8K −$4.03/SF
NOI
$25.3K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$505,200
Cap Rate 7%
$360,857
Cap Rate 9%
$280,667
Alternative Uses
Best Use
Retail
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 9.19%
Second Best
Industrial
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$682.3K
$597.0K – $796.0K
NOI $47,758 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Service bays
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
Dunkin' Donuts
Dining
15,809 visits/mo
0.3 miles
Exxon
Shops & Services
5,140 visits/mo
0.2 miles
Domino's Pizza
Dining
1,789 visits/mo
0.2 miles
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial auto shop with office space, rear land, natural gas heat, and a newer flat rubber roof.
Where is this auto shop located?
The property is located at 1117 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four garage bays within approximately 1,700 sq ft of garage space; Approximately 900 sq ft of office space; 0.21 acres with rear land for parking or storage
