991 Providence Road, Scranton, PA 18508
Operating auto repair shop with four bays in Scranton, PA.
- Added:
- Feb 3, 2025
- Days on Market:
- 503
- Last Refresh:
- May 19 at 9:33 pm
Property Features for 991 Providence Road
General Information
- Standard status
- Active
- Size
- 3,082 SF
- Lot size
- 0.62 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1975
Listing agent Sherri Hoban License #RS347438 (570) 561-6741
Listing office C21 Jack Ruddy Real Estate (570) 561-6741
Listing date Feb 3, 2025
Source Exitrealty
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 C21 Jack Ruddy Real Estate
HighLights
- Active automotive repair shop with 4 bays and vehicle lifts.
- Large parking lot suitable for numerous vehicles.
- High‑visibility location on a busy street.
- Proximity to Scranton High School, Weston Park, and downtown Scranton.
- Opportunity for business expansion or new venture.
- Year Built: 1975
Overview
Local Financial Insights For 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 | $46.2k | $15.00 |
| − Vacancy | −$4.9k | −$1.58 |
| EGI | $41.4k | $13.43 |
| − OpEx | −$12.4k | −$4.03 |
| NOI | $29.0k | $9.40 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- A & N Auto Service — Scranton, PA 18508
- Fezuks Auto — 416 N Main Ave, Scranton, PA 18504
- Cantafio's Collison Center — 531 Gordon Ave, Scranton, PA 18508
- Fezuk's Garage — 416 n main ave, scranton, pa 18504
- OLIVE STREET AUTOMOTIVE SERVICE — 114 W Olive St, Scranton, PA 18508
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.6667
- Latitude
- 41.425