Flex Space with Four Garage
For Sale
$450,000
1323 N Main Avenue, Scranton, PA 18508
Commercial Sale, Scranton, PA
Property Size4,050 SF
Lot Size0.35 Acres
Price / SF$111.11
Days on Market93
Property Features for 1323 N Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
Parking Lot, Garage
Lot features
Open Lot, Rectangular Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Scranton expressway to Main Ave. Make a left. Building on the left.
Standard status
Active
APN
13420010002
Size
4,050 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
79X100x82x99x23x15 Bldg & Land W-02 B-0630 L-0010 P-00100
Tax Annual Amount
5610
Legal Description
79X100x82x99x23x15 Bldg & Land W-02 B-0630 L-0010 P-00100
Utilities
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Water source
Public
Amenities
private offices
bathrooms
showroom
storage space
on-site billboard
Building Details
Year built
1920
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Rolled Hot Mop
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
Kelly Jacoby · License #RS344142
(570) 231-9996
Added: Jul 13
Changed: Oct 1
Last Checked: Oct 13 at 1:06PM
MLS# SC263359
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 4,050-square-foot flex space occupies a 0.346-acre parcel and includes four garage bays, two private offices, two bathrooms, a showroom, storage areas, and side parking. One garage bay is currently configured as office space, adding flexibility to the existing layout. The building dates to 1920 and features block and brick construction, concrete flooring, forced-air and oil heating, a rolled hot mop roof, public water, and public sewer.
Located at 1323 N Main Avenue in Scranton, the property provides access to I-81, I-476, and the Scranton Expressway. The site is currently used for automotive upholstery and vehicle dealership operations. An on-site billboard provides an additional income stream.
Located at 1323 N Main Avenue in Scranton, the property provides access to I-81, I-476, and the Scranton Expressway. The site is currently used for automotive upholstery and vehicle dealership operations. An on-site billboard provides an additional income stream.
Key Highlights
- 4,050 square feet on a 0.346‑acre parcel
- Four garage bays, including one configured as office space
- Two private offices, two bathrooms, showroom, and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,060
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,200
$761.2K
Cap Rate 7%
$543,714
$543.7K
Cap Rate 9%
$422,889
$422.9K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$60.8K $15.00/SF
− Vacancy
−$6.4K −$1.58/SF
EGI
$54.4K $13.43/SF
− OpEx
−$16.3K −$4.03/SF
NOI
$38.1K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,200
Cap Rate 7%
$543,714
Cap Rate 9%
$422,889
Alternative Uses
Best Use
Retail
$543.7K
$475.8K – $634.3K
NOI $38,060 @ 7.0% cap · market cap 8.46%
Second Best
Industrial
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.03M
$899.5K – $1.20M
NOI $71,958 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned commercial building with offices, showroom, storage, and side parking.
Where is this flex space located?
The property is located at 1323 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,050 square feet on a 0.346‑acre parcel; Four garage bays, including one configured as office space; Two private offices, two bathrooms, showroom, and storage areas
