Single-Story Retail Space with
For Sale
$699,900
1908 Scranton Carbondale Highway, Dickson City, PA 18519
Single-story retail space with an open floor plan, on-site parking, and extensive interior and exterior renovations.
Property Size3,000 SF
Price / SF$233.30
Days on Market60
Property Features for 1908 Scranton Carbondale Highway
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,830
Amenities
on-site parking
open floor plan
new rubber roof
new heating and central A/C systems
new electrical service
newly paved parking lot
additional parking in the rear
updated windows and doors
freshly painted interior and exterior
Building Details
Building Size
3,000 SF
Year Built
1980
Stories
1
Listing Agency:
Hibble Harris Real Estate, Inc
Listed By:
Charles Hibble · License #RM425364
(570) 585-4000
Source:
Luxehomesnepa
Added: Jul 17
Changed: Aug 16
Last Checked: Sep 14 at 11:07AM
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 Hibble Harris Real Estate, Inc
Investment Insights
Based on property information with market context.
1908 Scranton Carbondale Highway is a single-story 3,000-square-foot retail space currently undergoing extensive interior and exterior renovations. The layout features an open floor plan designed to support a range of business uses, including retail, medical, legal, office, or other professional services. For daily operations and customer access, the property includes convenient on-site parking for both employees and visitors.
The property sits along Scranton Carbondale Highway on a busy commercial corridor with signalized access at a major intersection. The surrounding retail area includes nationally recognized tenants such as Olive Garden, Wegmans, McDonald’s, and Starbucks.
Recent improvements include a new rubber roof, new heating and central A/C systems, a new electrical service, newly paved parking, updated windows and doors, and a freshly painted interior and exterior. Built in 1980, the property offers a renovated shell with the mechanical and exterior updates already completed.
The property sits along Scranton Carbondale Highway on a busy commercial corridor with signalized access at a major intersection. The surrounding retail area includes nationally recognized tenants such as Olive Garden, Wegmans, McDonald’s, and Starbucks.
Recent improvements include a new rubber roof, new heating and central A/C systems, a new electrical service, newly paved parking, updated windows and doors, and a freshly painted interior and exterior. Built in 1980, the property offers a renovated shell with the mechanical and exterior updates already completed.
Key Highlights
- 3,000‑square‑foot, single‑story retail space with an open floor plan
- Extensive interior and exterior renovations in progress
- New rubber roof and new heating with central A/C
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
$38,552
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
5.51%
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%
$771,040
$771.0K
Cap Rate 7%
$550,743
$550.7K
Cap Rate 9%
$428,356
$428.4K
Market Conditions
NOI Build-Up for 3,000 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
$60.1K $20.04/SF
− Vacancy
−$8.7K −$2.91/SF
EGI
$51.4K $17.13/SF
− OpEx
−$12.9K −$4.28/SF
NOI
$38.6K $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%
$771,040
Cap Rate 7%
$550,743
Cap Rate 9%
$428,356
Alternative Uses
Best Use
Office B
$550.7K
$481.9K – $642.5K
NOI $38,552 @ 7.0% cap · market cap 5.51%
Second Best
Retail
$402.8K
$352.4K – $469.9K
NOI $28,193 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$761.5K
$666.3K – $888.4K
NOI $53,302 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 18519, PA
5,000
Population
2,672
Households
1.9
Avg Household Size
45
Median Age
26%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
2,083
Density / Sq Mi
$58,061
Median Household Income
$44,533
Median Earnings
$924
Median Rent
$165,300
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?
Retail space - Single-story retail space with an open floor plan, on-site parking, and extensive interior and exterior renovations.
Where is this retail space located?
The property is located at 1908 Scranton Carbondale Highway Dickson City, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,000‑square‑foot, single‑story retail space with an open floor plan; Extensive interior and exterior renovations in progress; New rubber roof and new heating with central A/C
