Renovated Equipped
For Sale
$299,900
1400 Lafayette St, Scranton, PA 18504
Two-level layout includes customer dining, commercial food preparation, storage, and a private office.
Property Size1,620 SF
Price / SF$185.12
Days on Market33
Property Features for 1400 Lafayette St
General Information
Standard status
Active
Size
1,620 SF
Additional Details
Corner Location
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$1,528
Amenities
security camera system
Building Details
Stories
2
Listing Agency:
EXP Realty LLC
(570) 445-0215
Listed By:
Ana Estela Solano Menendez · License #RS371198
(570) 445-0215
Source:
Exprealty
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 7 at 6:08AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 1,620 SF restaurant property was built in 1950 and has been fully renovated for food-service operations. The interior includes a customer dining area, commercial kitchen, prep stations, refrigeration, storage, and a private office. Additional preparation and support space is located on the lower level, complementing the primary customer area above. Equipment is included with the sale, along with an installed security camera system.
The property occupies a corner location at 1400 Lafayette St in West Scranton, Scranton, PA 18504. Surrounding neighborhoods and local traffic provide the immediate setting. The two-level configuration combines front-of-house dining with dedicated kitchen, prep, storage, and office areas for a compact restaurant operation.
The property occupies a corner location at 1400 Lafayette St in West Scranton, Scranton, PA 18504. Surrounding neighborhoods and local traffic provide the immediate setting. The two-level configuration combines front-of-house dining with dedicated kitchen, prep, storage, and office areas for a compact restaurant operation.
Key Highlights
- 1,620 SF restaurant property at 1400 Lafayette St, Scranton, PA 18504
- Fully renovated two‑level restaurant layout
- Commercial kitchen with prep stations and refrigeration
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
$17,460
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
5.82%
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%
$349,200
$349.2K
Cap Rate 7%
$249,429
$249.4K
Cap Rate 9%
$194,000
$194.0K
Market Conditions
NOI Build-Up for 1,620 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
$24.3K $15.00/SF
− Vacancy
−$1.0K −$0.63/SF
EGI
$23.3K $14.37/SF
− OpEx
−$5.8K −$3.59/SF
NOI
$17.5K $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%
$349,200
Cap Rate 7%
$249,429
Cap Rate 9%
$194,000
Alternative Uses
Best Use
Specialty Retail
$249.4K
$218.3K – $291.0K
NOI $17,460 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$411.2K
$359.8K – $479.7K
NOI $28,783 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
7,406 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,893 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,450 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
5,316 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,888 visits/mo
0.1 miles
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
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?
Conventional restaurant - Two-level layout includes customer dining, commercial food preparation, storage, and a private office.
Where is this conventional restaurant located?
The property is located at 1400 Lafayette St Scranton, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,620 SF restaurant property at 1400 Lafayette St, Scranton, PA 18504; Fully renovated two‑level restaurant layout; Commercial kitchen with prep stations and refrigeration
