Bar Property with Outdoor
For Sale
$250,000
117 W Market Street, Scranton, PA 18508
COMMERCIAL - Scranton, PA
Property Size2,018 SF
Lot Size0.06 Acres
Price / SF$123.89
Days on Market250
Property Features for 117 W Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
N
Zoning description
Commercial
Rooms
Basement
Parking
3
Parking features
On Street, Paved or Surfaced, Off Street
Exterior features
Courtyard, Covered Courtyard
Basement
Unfinished, Block
Lot features
Paved
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From N. Main Ave in Scranton turn at Providence square to W. Market St, property on left
Standard status
Active
APN
13412070048
Size
2,018 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24X60x22x60 W-02 B-071 L-014 P-016
Tax Annual Amount
3536
Legal Description
24X60x22x60 W-02 B-071 L-014 P-016
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Wall Furnace
Cooling system
Ceiling Fan(s), Ductless
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
1
Building materials
Brick, Stucco, Vinyl Siding
Roof type
Shingle, Rubber
Listing Agency:
Next Door Real Estate LLC
(570) 880-4663
Listed By:
Andrew J. Spangenberg
(570) 840-0103
Added: Dec 3, 2025
Changed: Aug 4
Last Checked: Aug 10 at 3:06AM
MLS# SC256137
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 2,018-square-foot bar property at 117 W Market Street includes a full-service bar with seating for 12–15 patrons at the bar, additional table seating, and an outdoor courtyard with covered space. The interior includes a 13' to 16' ceiling height, basement storage, and a large walk-in cooler. Furniture, fixtures, and equipment are included, including a freezer chest, three-well sink, tap system, POS system, televisions, signs, decorations, and other operating items.
The property sits on a 0.06-acre parcel in Scranton, Pennsylvania, with on-street, paved, and off-street parking. Public water and public sewer serve the property. The building was constructed in 1940 and features brick, stucco, and vinyl siding, along with shingle and rubber roofing. Zoning is N.
The property sits on a 0.06-acre parcel in Scranton, Pennsylvania, with on-street, paved, and off-street parking. Public water and public sewer serve the property. The building was constructed in 1940 and features brick, stucco, and vinyl siding, along with shingle and rubber roofing. Zoning is N.
Key Highlights
- 2,018 SF bar property at 117 W Market Street, Scranton, PA 18508
- Full‑service bar seats 12–15 at the bar, with additional table seating
- Outdoor courtyard includes covered space for additional seating or events
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
$21,749
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
8.70%
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%
$434,980
$435.0K
Cap Rate 7%
$310,700
$310.7K
Cap Rate 9%
$241,656
$241.7K
Market Conditions
NOI Build-Up for 2,018 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
$30.3K $15.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$29.0K $14.37/SF
− OpEx
−$7.2K −$3.59/SF
NOI
$21.7K $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%
$434,980
Cap Rate 7%
$310,700
Cap Rate 9%
$241,656
Alternative Uses
Best Use
Specialty Retail
$310.7K
$271.9K – $362.5K
NOI $21,749 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.2K
$448.2K – $597.6K
NOI $35,854 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
92k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 45%
Electronics 2%
Home Improvements & Furnishings 2%
Giant Food Store
Groceries
35,719 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,511 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,148 visits/mo
0.4 miles
Gulf Oil
Shops & Services
6,612 visits/mo
0.5 miles
AutoZone
Shops & Services
6,019 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Waldo's Tavern — 406 Green Ridge St, Scranton, PA 18509
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- Lace Works Tap & Grill — 524 Court St, Scranton, PA 18508
- Mc Ginty's Bar & Restaurant — 1557 Dickson Ave, Scranton, PA 18509
- Big House Tobacco Outlet — 200 Green Ridge St, Scranton, PA 18509
Frequently Asked Questions
What type of property is this?
Bar & Pub - Existing bar improvements include seating, service equipment, storage, and a covered outdoor courtyard.
Where is this bar & pub located?
The property is located at 117 W Market Street Scranton, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,018 SF bar property at 117 W Market Street, Scranton, PA 18508; Full‑service bar seats 12–15 at the bar, with additional table seating; Outdoor courtyard includes covered space for additional seating or events
