Mixed-Use Retail and Apartment
For Sale
$219,999
13 Carey Ave, Wilkes Barre, PA 18702
Two-story mixed-use building with separate utilities, offering first-floor retail or office space and a second-floor apartment.
Property Size1,700 SF
Price / SF$129.41
Days on Market110
Property Features for 13 Carey Ave
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Stories
2
Listing Agency:
Abstract Realty Group LLC
Listed By:
Donald Ide
(570) 585-5800
Source:
Revolvepa
Added: Jul 4
Changed: Oct 14
Last Checked: Oct 5 at 10:21PM
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 Abstract Realty Group LLC
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Investment Insights
Based on property information with market context.
This two-story mixed-use property is configured with first-floor space that can be used as retail or office, and a second-floor apartment with a separate entrance. All utilities are separate, which can support independent operations for the building’s different uses. The property is being sold AS-IS, and measurements are approximate and not guaranteed; buyers should complete their due diligence.
The building is described as located in a high-traffic area, supporting visibility for the first-floor commercial space. The offering includes a total property size of 1,700 square feet.
While the specific unit breakdown is not provided, the overall layout supports a combined commercial and residential use within one building, with distinct utility separation and separate access for the upper apartment.
The building is described as located in a high-traffic area, supporting visibility for the first-floor commercial space. The offering includes a total property size of 1,700 square feet.
While the specific unit breakdown is not provided, the overall layout supports a combined commercial and residential use within one building, with distinct utility separation and separate access for the upper apartment.
Key Highlights
- Two‑story mixed‑use building with first‑floor retail or office space and a second‑floor 2‑bedroom apartment
- Second‑floor apartment has a separate entrance
- Separate utilities for all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,137
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
$282.7K
Cap Rate 7%
$201,957
$202.0K
Cap Rate 9%
$157,078
$157.1K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$22.4K $13.20/SF
− Vacancy
−$2.2K −$1.32/SF
EGI
$20.2K $11.88/SF
− OpEx
−$6.1K −$3.56/SF
NOI
$14.1K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,740
Cap Rate 7%
$201,957
Cap Rate 9%
$157,078
Alternative Uses
Best Use
Office B
$428.4K
$374.9K – $499.9K
NOI $29,991 @ 7.0% cap · market cap 13.63%
Second Best
Retail
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Explore this area
Business Placement
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Two-story mixed-use building with separate utilities, offering first-floor retail or office space and a second-floor apartment.
Where is this retail space located?
The property is located at 13 Carey Ave Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: Two‑story mixed‑use building with first‑floor retail or office space and a second‑floor 2‑bedroom apartment; Second‑floor apartment has a separate entrance; Separate utilities for all units
