Mixed-Use Property with
For Sale
$950,000
1392 N Washington Avenue, Scranton, PA 18509
The restaurant and bar include a heated wraparound porch, a second-floor apartment, and additional third-floor space.
Property Size3,999 SF
Days on Market174
Property Features for 1392 N Washington Avenue
General Information
Standard status
Active
Size
3,999 SF
Property subtype
Mixed Use
Restaurant
Seating Capacity
109
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$13,134
Building Details
Building Size
3,999 SF
Year Built
1912
Buildings
1
Abandoned
No
Listing Agency:
Keller Williams Real Estate-Clarks Summit
Listed By:
The Bill Chupko Team
Source:
Luxehomesnepa
Added: Apr 22
Changed: Oct 11
Last Checked: Oct 11 at 2:44PM
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 Keller Williams Real Estate-Clarks Summit
Investment Insights
Based on property information with market context.
This 1912 mixed-use property contains an operating restaurant and bar, with furniture, fixtures, equipment, and a liquor license included. The layout accommodates 109 people: 42 in the restaurant, 19 at the bar, 32 on the patio, and 16 on the porch. A 21-tap bar, keg room, and heated wraparound porch are among the established features. The building also has a second-floor apartment and a third-floor area.
Set on a corner lot in Scranton, the property is near local universities. The restaurant and bar are offered with their existing equipment and liquor license.
Set on a corner lot in Scranton, the property is near local universities. The restaurant and bar are offered with their existing equipment and liquor license.
Key Highlights
- Operating restaurant and bar with furniture, fixtures, equipment, and liquor license included
- 109 total seats: 42 restaurant, 19 bar, 32 patio, and 16 porch
- Heated wraparound porch and 21‑tap bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,099
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,980
$862.0K
Cap Rate 7%
$615,700
$615.7K
Cap Rate 9%
$478,878
$478.9K
Market Conditions
NOI Build-Up for 3,999 SF
Gross rent
$60.0K $15.00/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$57.5K $14.37/SF
− OpEx
−$14.4K −$3.59/SF
NOI
$43.1K $10.78/SF
Area
Lackawanna 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 Rate 5%
$861,980
Cap Rate 7%
$615,700
Cap Rate 9%
$478,878
Alternative Uses
Best Use
Specialty Retail
$615.7K
$538.7K – $718.3K
NOI $43,099 @ 7.0% cap · market cap 4.54%
Second Best
Mixed Use
$578.4K
$506.1K – $674.8K
NOI $40,490 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.02M
$888.1K – $1.18M
NOI $71,051 @ 7.0% cap · market cap 7.48%
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
1
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 25%
McDonald's
Dining
24,581 visits/mo
0.2 miles
Valero Energy
Shops & Services
4,193 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
2,483 visits/mo
0.3 miles
Scranton Dodge Chrysler Jeep RAM
Shops & Services
1,650 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The restaurant and bar include a heated wraparound porch, a second-floor apartment, and additional third-floor space.
Where is this mixed-use property located?
The property is located at 1392 N Washington Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Operating restaurant and bar with furniture, fixtures, equipment, and liquor license included; 109 total seats: 42 restaurant, 19 bar, 32 patio, and 16 porch; Heated wraparound porch and 21‑tap bar
