Brick Restaurant
For Sale
$250,000
13 Woodward Street, Wilkes Barre, PA 18705
Commercial Sale, Wilkes-Barre, PA
Property Size1,000 SF
Lot Size0.14 Acres
Price / SF$250
Days on Market217
Property Features for 13 Woodward Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
5
Elementary school district
Wilkes-Barre Area
Middle school district
Wilkes-Barre Area
High school district
Wilkes-Barre Area
Directions
From N Washington St, George Ave to left on Woodward St.
Standard status
Active
APN
73H10NE1017021000
Size
1,000 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
73-18-408-4 13 Woodward St
Tax Annual Amount
1252
Legal Description
73-18-408-4 13 Woodward St
Utilities
Heating system
Natural Gas
Amenities
two bathrooms
ample storage space
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Building materials
Brick
Roof type
Rubber
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
Karen Kashuba · License #RS334816
(570) 561-4397
Added: Feb 3
Changed: Aug 27
Last Checked: Sep 8 at 10:06AM
MLS# SC260427
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 brick commercial building is configured for restaurant use, with approximately 1,000 square feet on the main level, two bathrooms, and a basement providing additional storage. The building itself is being offered for sale; the prior restaurant business is not included.
The property includes generous parking and carries C2 zoning. Constructed in 1950, it has natural gas heating and a rubber roof. Its compact commercial layout combines customer-facing space on the main floor with supporting storage below.
The property includes generous parking and carries C2 zoning. Constructed in 1950, it has natural gas heating and a rubber roof. Its compact commercial layout combines customer-facing space on the main floor with supporting storage below.
Key Highlights
- Approximately 1,000 sq ft on the main floor
- Two bathrooms included in the main‑level layout
- Basement provides ample storage space
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
$10,778
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
4.31%
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%
$215,560
$215.6K
Cap Rate 7%
$153,971
$154.0K
Cap Rate 9%
$119,756
$119.8K
Market Conditions
NOI Build-Up for 1,000 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
$15.0K $15.00/SF
− Vacancy
−$630 −$0.63/SF
EGI
$14.4K $14.37/SF
− OpEx
−$3.6K −$3.59/SF
NOI
$10.8K $10.78/SF
Area
Luzerne 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%
$215,560
Cap Rate 7%
$153,971
Cap Rate 9%
$119,756
Alternative Uses
Best Use
Specialty Retail
$154.0K
$134.7K – $179.6K
NOI $10,778 @ 7.0% cap · market cap 4.31%
Second Best
Retail
$118.8K
$104.0K – $138.6K
NOI $8,316 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$316.8K
$277.2K – $369.6K
NOI $22,176 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Turkey Hill Minit Market
Shops & Services
10,837 visits/mo
0.3 miles
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - C2-zoned commercial building with basement storage, two bathrooms, and on-site parking.
Where is this conventional restaurant located?
The property is located at 13 Woodward Street Wilkes Barre, 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: Approximately 1,000 sq ft on the main floor; Two bathrooms included in the main‑level layout; Basement provides ample storage space
