Mixed-Use Commercial Building with
For Sale
$260,900
1365 Wyoming Avenue, Scranton, PA 18509
COMMERCIAL - Scranton, PA
Property Size1,714 SF
Lot Size0.45 Acres
Price / SF$152.22
Days on Market43
Property Features for 1365 Wyoming Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN
Zoning description
Commercial
Rooms
Basement
Parking
20
Parking features
Parking Lot, Paved or Surfaced, Alley
Basement
Full
Lot features
Back Yard, Paved, Cleared
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Blakely St. Dunmore to right on Greenridge St. to left on Wyoming Ave. (across from County Criminal Justice Center)
Standard status
Active
APN
14605070057
Size
1,714 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X120x40x67x80x187 W-13 B-0170 L-015A P-05600 + 40X120 ADDITIONAL TAX INFO BELOW
Tax Annual Amount
4715
Legal Description
40X120x40x67x80x187 W-13 B-0170 L-015A P-05600 + 40X120 ADDITIONAL TAX INFO BELOW
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Hot Water(Heating), Natural Gas
Cooling system
Ductless
Water source
Public
Amenities
ductless AC/heat systems
200 AMP electrical service
gas heat and hot water
two separate entrances/exits
basement with generous ceiling height
Building Details
Year built
1900
Floors in Building
1
Number of units
1
Flooring type
Carpet
Building materials
Brick Veneer, Stone
Roof type
Wood, Mixed, Flat, Composition
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Ann E Cappellini · License #AB045764A
(570) 575-2333
Added: Jul 9
Changed: Aug 18
Last Checked: Aug 20 at 1:06PM
MLS# SC263347
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 mixed-use commercial property includes a 1,714-square-foot single-story building on a combined 0.45-acre holding. The interior has been opened and reconfigured for build-out, with provisions for an accessible bathroom and two separate entrances. A basement provides additional storage or usable area, while the building includes a 200 AMP electrical panel, natural-gas heat and hot water, and two ductless AC/heat systems. Brick veneer and stone contribute to the exterior, with carpeted flooring inside.
The property is positioned directly across from the Lackawanna County Criminal Justice Center in Scranton. Paved lot parking and alley access support the site. Capital improvements include a partial roof replacement and numerous new windows completed in 2019. The offering consists of two parcels on one deed, including the improved building parcel and an unimproved 40' x 120' lot.
The property is positioned directly across from the Lackawanna County Criminal Justice Center in Scranton. Paved lot parking and alley access support the site. Capital improvements include a partial roof replacement and numerous new windows completed in 2019. The offering consists of two parcels on one deed, including the improved building parcel and an unimproved 40' x 120' lot.
Key Highlights
- 1,714‑square‑foot single‑story commercial building on a combined 0.45‑acre holding
- Directly across from the Lackawanna County Criminal Justice Center
- Two parcels on one deed, including an unimproved 40' x 120' lot
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
$22,026
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
8.44%
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%
$440,520
$440.5K
Cap Rate 7%
$314,657
$314.7K
Cap Rate 9%
$244,733
$244.7K
Market Conditions
NOI Build-Up for 1,714 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
$34.3K $20.04/SF
− Vacancy
−$5.0K −$2.91/SF
EGI
$29.4K $17.13/SF
− OpEx
−$7.3K −$4.28/SF
NOI
$22.0K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /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%
$440,520
Cap Rate 7%
$314,657
Cap Rate 9%
$244,733
Alternative Uses
Best Use
Office B
$314.7K
$275.3K – $367.1K
NOI $22,026 @ 7.0% cap · market cap 8.44%
Second Best
Mixed Use
$247.9K
$216.9K – $289.2K
NOI $17,354 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial property with an open layout, paved parking, and flexible entry configuration.
Where is this mixed-use property located?
The property is located at 1365 Wyoming Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $260,900.
What are key features of this property?
This property features: 1,714‑square‑foot single‑story commercial building on a combined 0.45‑acre holding; Directly across from the Lackawanna County Criminal Justice Center; Two parcels on one deed, including an unimproved 40' x 120' lot
