Mixed-Use Property with
New
For Sale
$325,000
1759 Sanderson Avenue, Scranton, PA 18509
Commercial Sale, Scranton, PA
Property Size1,803 SF
Lot Size0.11 Acres
Price / SF$180.26
Days on Market4
Property Features for 1759 Sanderson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Rooms
Basement
Parking
4
Parking features
On Street, Garage, Off Street, Driveway
Fencing
Fenced
Basement
Concrete, Storage Space, Unfinished, Full
Lot features
Cleared, Level, Near General Business, Corner Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Greenridge St, towards N. Scranton-right on Sanderson Ave
Standard status
Active
APN
13513030048
Size
1,803 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
95X50 Bldg & Land W-23 B-0130 L-0070 P-00800
Tax Annual Amount
3060
Legal Description
95X50 Bldg & Land W-23 B-0130 L-0070 P-00800
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
basement storage
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Laminate, Combination
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
CLASSIC PROPERTIES
(570) 587-7000
Listed By:
Margaret Hennemuth · License #RS315158
(570) 587-7000
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 3:06AM
MLS# SC264221
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 1803-square-foot mixed-use property contains commercial and residential space across two levels. The first floor is occupied by a State Farm Insurance Agency under a five-year lease. Upstairs, a two-bedroom, one-bathroom apartment is leased month-to-month, providing a separate residential component. Basement storage adds supporting space, while each unit has its own electric service and natural-gas heating. The building has vinyl siding, mixed flooring, and a shingle roof installed in 2020.
The property occupies 0.11 acres at 1759 Sanderson Avenue in Scranton, PA 18509, near the Greenridge Corners business district. Public water and sewer serve the property. Parking includes a garage, driveway, and off-street and on-street options. The building was constructed in 1920 and is identified with C2 zoning.
The property occupies 0.11 acres at 1759 Sanderson Avenue in Scranton, PA 18509, near the Greenridge Corners business district. Public water and sewer serve the property. Parking includes a garage, driveway, and off-street and on-street options. The building was constructed in 1920 and is identified with C2 zoning.
Key Highlights
- 1803‑square‑foot mixed‑use building on 0.11 acres
- First‑floor State Farm Insurance Agency has a five‑year lease
- Second‑floor two‑bedroom, one‑bathroom apartment leased month‑to‑month
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
$23,170
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
7.13%
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%
$463,400
$463.4K
Cap Rate 7%
$331,000
$331.0K
Cap Rate 9%
$257,444
$257.4K
Market Conditions
NOI Build-Up for 1,803 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
$36.1K $20.04/SF
− Vacancy
−$5.2K −$2.91/SF
EGI
$30.9K $17.13/SF
− OpEx
−$7.7K −$4.28/SF
NOI
$23.2K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /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%
$463,400
Cap Rate 7%
$331,000
Cap Rate 9%
$257,444
Alternative Uses
Best Use
Office B
$331.0K
$289.6K – $386.2K
NOI $23,170 @ 7.0% cap · market cap 7.13%
Second Best
Mixed Use
$260.8K
$228.2K – $304.3K
NOI $18,255 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$457.6K
$400.4K – $533.9K
NOI $32,034 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level building combines an established commercial tenant with a separately leased residential unit and dedicated utility systems.
Where is this mixed-use property located?
The property is located at 1759 Sanderson Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1803‑square‑foot mixed‑use building on 0.11 acres; First‑floor State Farm Insurance Agency has a five‑year lease; Second‑floor two‑bedroom, one‑bathroom apartment leased month‑to‑month
