Bar and Pub with Heated
For Sale
$950,000
1392 N Washington Avenue, Scranton, PA 18509
COMMERCIAL - Scranton, PA
Property Size3,999 SF
Lot Size0.11 Acres
Price / SF$237.56
Days on Market121
Property Features for 1392 N Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
US 11 South. Continue on US 11 South. Take the Main Avenue exit. Turn left onto West Market Street. Turn right onto North Washington Avenue. Arrive at 1392 North Washington Avenue.
Standard status
Active
APN
14609040056
Size
3,999 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
100X50 W-13 B-0130 L-0230 P-00100
Tax Annual Amount
13135
Legal Description
100X50 W-13 B-0130 L-0230 P-00100
Building Details
Year built
1912
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
The Bill Chupko Team · License #RS336156
(570) 588-8030
Added: Apr 22
Changed: Aug 18
Last Checked: Aug 20 at 2:06PM
MLS# SC261724
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.
Located at 1392 N Washington Avenue in Scranton, this 3,999-square-foot bar and pub occupies a 0.11-acre corner lot and dates to 1912. The interior combines a traditional bar environment with dining space, a dedicated keg room, and staff work areas. A heated wrap-around porch extends the seating layout outdoors, while a second-floor apartment and third-floor area are also part of the building.
The property provides 109 seats in total: 42 restaurant seats, 19 bar seats, 32 patio seats, and 16 porch seats. The bar has 21 taps and is supported by a full food-service layout. Furniture, fixtures, equipment, and the liquor license are included. Commercial zoning applies, and the property is situated near local universities in Scranton, Lackawanna County, Pennsylvania.
The property provides 109 seats in total: 42 restaurant seats, 19 bar seats, 32 patio seats, and 16 porch seats. The bar has 21 taps and is supported by a full food-service layout. Furniture, fixtures, equipment, and the liquor license are included. Commercial zoning applies, and the property is situated near local universities in Scranton, Lackawanna County, Pennsylvania.
Key Highlights
- 109 total seats: 42 restaurant, 19 bar, 32 patio, and 16 porch
- 21‑tap bar with dining and food‑service areas
- Heated wrap‑around porch with 16 porch seats
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
$43,099
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
4.54%
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%
$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
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
$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 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%
$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
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Established food-and-beverage property with indoor dining, bar service, outdoor seating, and included operating equipment.
Where is this bar & pub 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: 109 total seats: 42 restaurant, 19 bar, 32 patio, and 16 porch; 21‑tap bar with dining and food‑service areas; Heated wrap‑around porch with 16 porch seats
