Corner Property Ready for
1941 Boulevard Avenue, Scranton, PA 18509
Corner property suitable for various businesses with high visibility.
Type:Special Purpose, Land
Property size:
1,700 SFPrice / SF:
$147/SF- Added:
- Aug 27, 2024
- Days on Market:
- 644
- Last Refresh:
- May 12 at 8:56 pm
Property Features for 1941 Boulevard Avenue
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Special Purpose, Land
Listing agent vinod patel License #PA
Listing office Coldwell Banker Town & Country Real Estate
Listing date Aug 27, 2024
Source Crexi
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 Coldwell Banker Town & Country Real Estate
HighLights
- Opportunity to own a building instead of renting.
- Excellent high‑traffic corner location with parking and visibility.
- Ready to open convenience store or other business with new infrastructure (sign, A/C & heating, electrical, paint, lights).
- Suitable for various business types (convenience, beer, vape, smoke store, etc.).
- Security camera system installed.
- Ceiling height up to 8 feet.
Overview
Located at the corner of Deacon and Boulevard Avenue, this 1,700 square-foot property is ready for a convenience store or other business. The property features new signage, new air conditioning and heating, updated electrical work, new paint, and new lights. It benefits from excellent traffic and pedestrian activity and includes parking and a security camera. The location is suitable for various businesses, including a convenience, beer, vape, or smoke store. The ceiling height is up to 8 feet. This corner property offers high visibility to local traffic.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $15.00 |
| − Vacancy | −$1.1k | −$0.63 |
| EGI | $24.4k | $14.37 |
| − OpEx | −$6.1k | −$3.59 |
| NOI | $18.3k | $10.78 |
1,700 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 7.33%
Second Best
Retail
$228.2K
$199.7K – $266.3K
NOI $15,976 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$431.5K
$377.6K – $503.4K
NOI $30,204 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Lao Asian Market — 1813 N Main Ave, Scranton, PA 18508
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.6470041
- Latitude
- 41.4335279
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Corner property suitable for various businesses with high visibility.
Where is this grocery and convenience store located?
The property is located at 1941 Boulevard Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Opportunity to own a building instead of renting.; Excellent high‑traffic corner location with parking and visibility.; Ready to open convenience store or other business with new infrastructure (sign, A/C & heating, electrical, paint, lights).
