Flex Space with Private
15924 Sr 407, Fleetville, PA 18420
For Sale
$329,000
Commercial Sale, Fleetville, PA
Property Size4,025 SF
Lot Size1.75 Acres
Price / SF$81.74
Days on Market93
Property Features for 15924 Sr 407
General Information
Property type
Property subtype
Zoning
Parking features
Exterior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
open floor plan
vaulted ceilings
kitchen
bathrooms
private men's and ladies rooms
oversized exterior door
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CLASSIC PROPERTIES
Listed By:
Steven E Farrell
(570) 587-7000
Added: Aug 12
Changed: Nov 10
Last Checked: Nov 12 at 7:06PM
MLS# SC263955
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.
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Investment Insights
Based on property information with market context.
This 4,025-square-foot flex property on approximately 1.75 acres includes an adaptable two-level layout. The lower level contains a shipping department, oversized exterior door, kitchen, and bathrooms. Upstairs, the building provides private offices, broad open space, vaulted ceilings, and separate men’s and ladies’ rooms. A private entrance, off-street parking, vinyl siding, composition roofing, central air, and oil-fired forced-air heat are among the property features.
Built in 1970 and zoned Commercial, the property is currently used as a business headquarters. The site is served by a well and septic tank, with cable available. Its configuration supports a range of business operations requiring a combination of office, shipping, storage, and open work areas.
Built in 1970 and zoned Commercial, the property is currently used as a business headquarters. The site is served by a well and septic tank, with cable available. Its configuration supports a range of business operations requiring a combination of office, shipping, storage, and open work areas.
Key Highlights
- 4,025 SF commercial flex property on approximately 1.75 acres
- Two‑level layout with private offices, open areas, and vaulted ceilings
- Lower level includes shipping department and oversized exterior door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,485
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,700
$469.7K
Cap Rate 7%
$335,500
$335.5K
Cap Rate 9%
$260,944
$260.9K
Market Conditions
NOI Build-Up for 4,025 SF
Gross rent
$35.5K $8.83/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$33.6K $8.34/SF
− OpEx
−$10.1K −$2.50/SF
NOI
$23.5K $5.83/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,700
Cap Rate 7%
$335,500
Cap Rate 9%
$260,944
Alternative Uses
Best Use
Office B
$738.9K
$646.6K – $862.1K
NOI $51,724 @ 7.0% cap · market cap 15.72%
Second Best
Industrial
$335.5K
$293.6K – $391.4K
NOI $23,485 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.02M
$893.9K – $1.19M
NOI $71,513 @ 7.0% cap · market cap 21.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 18420, PA
169
Population
80
Households
2.1
Avg Household Size
51
Median Age
17%
College-Educated
100%
High-School Grad
1.6 sq mi
ZIP Area
106
Density / Sq Mi
$70,000
Median Household Income
$225,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with flexible open areas, private offices, parking, and space for headquarters or operational uses.
Where is this flex space located?
The property is located at 15924 Sr 407 Fleetville, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 4,025 SF commercial flex property on approximately 1.75 acres; Two‑level layout with private offices, open areas, and vaulted ceilings; Lower level includes shipping department and oversized exterior door
