Renovated Equipped
For Sale
$274,900
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$169.69
Days on Market78
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
(888) 397-7352
Listed By:
Ana Estela Solano Menendez · License #RS371198
(570) 445-0215
Source:
Exprealty
Added: Jul 29
Changed: Oct 10
Last Checked: Oct 13 at 2:49AM
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 / Yr
$17,460
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
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
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 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 6.35%
Second Best
Retail
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$411.2K
$359.8K – $479.7K
NOI $28,783 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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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 $274,900.
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
