Mixed-Use Retail and Apartment
13 Carey Ave Wilkes Barre, PA 18702
13 Carey Ave, Wilkes Barre, PA, 18702
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For Sale
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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$140.59
Days on Market23
Property Features for 13 Carey Ave
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- RETAIL
Listing agency
eXp Commercial Real Estate Services
(570) 328-4162
Listed by
Phu Bui
(570) 328-4162
Source
Moodyscre
Added: Jun 30 Updated: Jul 22 at 3:44PM Checked: Jul 22 at 3:44PM
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 eXp Commercial Real Estate Services
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
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 | $22.4k | $13.20 |
| − Vacancy | −$2.2k | −$1.32 |
| EGI | $20.2k | $11.88 |
| − OpEx | −$6.1k | −$3.56 |
| NOI | $14.1k | $8.32 |
1,700 SF · lease $13.20/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$428.4K
$374.9K – $499.9K
NOI $29,991 @ 7.0% cap · market cap 12.55%
Second Best
Retail
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 $239,000.
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
