Building Details

Year built 1950

Floors in Building 1

Number of units 1

Listing Agency: Christian Saunders Real Estate c***@gmail.com Show Phone

Listed By: Christian Saunders Show Phone

Added: Jun 17, 2025 Changed: Sep 12 Last Checked: Oct 19 at 2:06PM

Report an Issue

MLS# SC252950

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail storefront property contains 1,624 square feet on a 0.1745-acre parcel. Built in 1950, the building includes a basement and a rear area with off-street parking. C2 zoning supports its commercial classification and provides an established framework for storefront use.

The property is located at 214 George Street in Throop Borough, Pennsylvania, within Lackawanna County. Its address, commercial zoning, parking, and adaptable building configuration provide the core physical characteristics of the offering.

Key Highlights

• 1,624‑square‑foot retail storefront building
• 0.1745‑acre commercial parcel
• C2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,262

Cap Rate

6.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$305,240 $305.2K

Cap Rate 7%

$218,029 $218.0K

Cap Rate 9%

$169,578 $169.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,624 SF

Gross rent

$24.4K $15.00/SF

− Vacancy

−$2.6K −$1.58/SF

EGI

$21.8K $13.43/SF

− OpEx

−$6.5K −$4.03/SF

NOI

$15.3K $9.40/SF

Area

Lackawanna County, PA

Vacancy

10.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$305,240

Cap Rate 7%

$218,029

Cap Rate 9%

$169,578

Alternative Uses

Best Use

Retail

$218.0K

$190.8K – $254.4K (±1% cap)

NOI $15,262 @ 7.0% cap · market cap 6.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$412.2K

$360.7K – $480.9K (±1% cap)

NOI $28,854 @ 7.0% cap · market cap 11.55%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Plumbing Service Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store

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

326

Businesses Nearby

7k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Hotels & Casinos 6%

PNC Bank Shops & Services

5,674 visits/mo 0.1 miles

The Tire Choice Shops & Services

447 visits/mo 0.4 miles

Rodeway Inn Hotels & Casinos

410 visits/mo 0.5 miles

Demographics for 18512, PA

12,081

Population

6,272

Households

1.9

Avg Household Size

44

Median Age

29%

College-Educated

92%

High-School Grad

11.3 sq mi

ZIP Area

1,069

Density / Sq Mi

$63,097

Median Household Income

$43,249

Median Earnings

$927

Median Rent

$173,500

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

Similar For Sale Nearby

See more

Two-Story Storefront Property

639 Sanderson Street, Throop, PA 18512

$150,000

7,601 SF

View details

Mixed-Use Property with Restaurant

309-311 Dunmore Street, Throop, PA 18512

$860,000

6,594 SF

View details

Similar Off Market Nearby

• Central Market Florist — 1228 harry p o'neill hwy, dunmore, pa 18512
• Floriat — 303 Oleckna St, Throop, PA 18512, United States

Frequently Asked Questions

What type of property is this?

Storefront property - C2-zoned commercial building with rear off-street parking and a basement for additional functional space.

Where is this storefront property located?

The property is located at 214 George Street Throop, 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: 1,624‑square‑foot retail storefront building; 0.1745‑acre commercial parcel; C2 zoning