Renovated
For Sale
$299,900
1400 Lafayette Street, Scranton, PA 18504
Commercial Sale, Scranton, PA
Property Size1,620 SF
Lot Size0.03 Acres
Price / SF$185.12
Days on Market49
Property Features for 1400 Lafayette Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking features
On Street
Security features
Security System
Exterior features
Lighting, Storage, Smart Camera(s)/Recording, Private Entrance
Lot features
City Lot, Rectangular Lot, Paved, Near Central Business District, Near Public Transit
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
N Main Ae, Turn up Lafayette St, Property is on the right at the corner of N. Sumner Ave and Lafayette St.
Standard status
Active
APN
14514030057
Size
1,620 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24X50 W-04 B-015 L-017B P-030
Tax Annual Amount
1529
Legal Description
24X50 W-04 B-015 L-017B P-030
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
security camera system
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Flooring type
Laminate, Vinyl, Tile, Combination
Roof type
Flat, Rubber
Additional Structures
Storage
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Ana Estela Solano Menendez · License #RS371198
(570) 445-0215
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 14 at 11:06AM
MLS# SC263726
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 1,620-square-foot restaurant property includes a customer dining area, a fully equipped commercial kitchen, prep stations, and refrigeration. The renovated building provides additional functionality below grade, with prep space, storage, and a private office. Kitchen and restaurant equipment are included in the sale.
Located at a corner address in West Scranton, the property has surrounding neighborhoods and local traffic. Building features include an installed security camera system, private entrance, central air, forced-air natural gas heat, public water and sewer, and on-street parking. The property was built in 1950 and occupies 0.03 acres.
Located at a corner address in West Scranton, the property has surrounding neighborhoods and local traffic. Building features include an installed security camera system, private entrance, central air, forced-air natural gas heat, public water and sewer, and on-street parking. The property was built in 1950 and occupies 0.03 acres.
Key Highlights
- 1,620 SF renovated restaurant property
- Fully equipped commercial kitchen with prep stations and refrigeration
- Lower level includes prep space, storage, and a private office
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
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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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Compact commercial restaurant with an equipped kitchen, customer dining area, lower-level support space, and C1 zoning.
Where is this conventional restaurant located?
The property is located at 1400 Lafayette Street 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 renovated restaurant property; Fully equipped commercial kitchen with prep stations and refrigeration; Lower level includes prep space, storage, and a private office
