Building Details

Year built 1776

Listing Agency: Pecora Realtor, P.C. m***@ptd.net Show Phone

Listed By: Soko Mujovic Show Phone

Added: Sep 10 Changed: Oct 18 Last Checked: Oct 26 at 12:06AM

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MLS# 26-4661

Copyright © 2026 Luzerne County Association of REALTORS®. 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 storefront property contains 2,944 square feet of commercial space and is designated Commercial zoning. The building includes a bathroom and has received all-new electrical work, providing a substantial systems update for the next owner. Built in 1776, the property combines an established building structure with updated electrical infrastructure.

The property is located at 2 Rose Lane in Wilkes-Barre, Pennsylvania, within Luzerne County and ZIP Code 18702. Its storefront configuration and commercial zoning support a range of business uses, subject to applicable approvals.

Key Highlights

• 2,944‑square‑foot storefront property
• Commercial zoning designation
• All‑new electrical work completed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,482

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$489,640 $489.6K

Cap Rate 7%

$349,743 $349.7K

Cap Rate 9%

$272,022 $272.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,944 SF

Gross rent

$38.9K $13.20/SF

− Vacancy

−$3.9K −$1.32/SF

EGI

$35.0K $11.88/SF

− OpEx

−$10.5K −$3.56/SF

NOI

$24.5K $8.32/SF

Area

Luzerne County, PA

Vacancy

10.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$489,640

Cap Rate 7%

$349,743

Cap Rate 9%

$272,022

Alternative Uses

Best Use

Retail

$349.7K

$306.0K – $408.0K (±1% cap)

NOI $24,482 @ 7.0% cap · market cap 9.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$932.7K

$816.1K – $1.09M (±1% cap)

NOI $65,286 @ 7.0% cap · market cap 24.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Storage Facility Catering Service Acupuncture Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,791

Businesses Nearby

88k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 48% Dining 43% Hotels & Casinos 8% Electronics 1%

McDonald's Dining

27,698 visits/mo 0.2 miles

Turkey Hill Minit Market Shops & Services

25,159 visits/mo 0.3 miles

Citgo Shops & Services

8,804 visits/mo 0.2 miles

Best Western Plus Wilkes Barre Center City Hotels & Casinos

7,127 visits/mo 0.3 miles

Dollar Tree Shops & Services

4,748 visits/mo 0.4 miles

Demographics for 18702, PA

42,133

Population

19,738

Households

2.1

Avg Household Size

40

Median Age

23%

College-Educated

87%

High-School Grad

78.1 sq mi

ZIP Area

539

Density / Sq Mi

$54,892

Median Household Income

$36,911

Median Earnings

$971

Median Rent

$115,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercially zoned storefront with newly completed electrical work and adaptable interior space.

Where is this storefront property located?

The property is located at 2 Rose Lane Wilkes Barre, PA.

What is the asking price?

The asking price for this property is $269,999.

What are key features of this property?

This property features: 2,944‑square‑foot storefront property; Commercial zoning designation; All‑new electrical work completed