Mixed-Use Building with Upstairs
For Sale
$225,000
146 S Main Ave, Scranton, PA 18504
Ground-floor salon space is paired with a tenant-occupied three-bedroom apartment.
Property Size2,655 SF
Price / SF$84.75
Days on Market96
Property Features for 146 S Main Ave
General Information
Standard status
Active
Size
2,655 SF
Additional Details
Gross Income
$31,800
Amenities
parking
front and back entrance
handicap ramp
large windows
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Berkshire Hathaway Home Services Preferred Properties
Listed By:
Christina A Bauserman · License #RS303529
(570) 689-2111
Source:
Revolvepa
Added: Jul 11
Changed: Oct 9
Last Checked: Oct 5 at 9:43PM
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 Berkshire Hathaway Home Services Preferred Properties
Investment Insights
Based on property information with market context.
This mixed-use property contains a ground-floor barber shop and hair salon with large front windows, customer parking behind the building, and entrances at both the front and rear. The rear entry includes a handicap ramp. Upstairs, the residential component is currently occupied and includes three bedrooms, a living room, full bathroom, kitchen, front access, and rear stairs.
Built in 1940, the property provides 2,655 square feet across its commercial and residential components. Located at 146 S Main Ave in Scranton, the building combines an operating salon layout with an established three-bedroom apartment in a single asset.
Built in 1940, the property provides 2,655 square feet across its commercial and residential components. Located at 146 S Main Ave in Scranton, the building combines an operating salon layout with an established three-bedroom apartment in a single asset.
Key Highlights
- Ground‑floor barber shop and hair salon
- Tenant‑occupied three‑bedroom apartment upstairs
- 2,655 square feet in a mixed‑use configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,468
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,360
$409.4K
Cap Rate 7%
$292,400
$292.4K
Cap Rate 9%
$227,422
$227.4K
Market Conditions
NOI Build-Up for 2,655 SF
Gross rent
$39.5K $14.88/SF
− Vacancy
−$2.3K −$0.86/SF
EGI
$37.2K $14.02/SF
− OpEx
−$16.7K −$6.31/SF
NOI
$20.5K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,360
Cap Rate 7%
$292,400
Cap Rate 9%
$227,422
Alternative Uses
Best Use
Mixed Use
$384.0K
$336.0K – $448.0K
NOI $26,882 @ 7.0% cap · market cap 11.95%
Second Best
Retail
$356.4K
$311.9K – $415.8K
NOI $24,950 @ 7.0% cap · market cap 11.09%
Theoretical Best
Office A
$673.9K
$589.7K – $786.2K
NOI $47,172 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
85k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 21%
Dining 19%
Price Rite
Groceries
17,887 visits/mo
0.5 miles
Burger King
Dining
10,506 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
7,851 visits/mo
0.5 miles
Sunoco
Shops & Services
7,406 visits/mo
0.1 miles
Sunoco
Shops & Services
6,009 visits/mo
0.4 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
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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?
Mixed-use property - Ground-floor salon space is paired with a tenant-occupied three-bedroom apartment.
Where is this mixed-use property located?
The property is located at 146 S Main Ave Scranton, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Ground‑floor barber shop and hair salon; Tenant‑occupied three‑bedroom apartment upstairs; 2,655 square feet in a mixed‑use configuration
