Mixed-Use Property with Commercial
For Sale
$260,000
214 Harrison Avenue, Scranton, PA 18510
Vacant interior combines an upper-level residential layout with ground-floor business space.
Property Size2,822 SF
Days on Market65
Property Features for 214 Harrison Avenue
General Information
Standard status
Active
Size
2,822 SF
Total Parking Spaces
10
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,545
Building Details
Building Size
2,822 SF
Stories
2
Listing Agency:
RPA Real Estate - Kingston
Listed By:
George Placencio
(570) 442-3301
Source:
Luxehomesnepa
Added: Aug 4
Changed: Sep 24
Last Checked: Oct 5 at 9:38PM
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 RPA Real Estate - Kingston
Investment Insights
Based on property information with market context.
Located at 214 Harrison Ave in Scranton, PA, this mixed-use property combines residential accommodations with a commercial component. The upper level includes 6 bedrooms and 2 full baths, while the first floor provides a separate commercial area for business use.
The interior is vacant and move-in ready, allowing the next owner to occupy or configure the space without an existing tenant in place. On-site parking accommodates approximately 10 vehicles, adding practical access for residential occupants, customers, or visitors.
The interior is vacant and move-in ready, allowing the next owner to occupy or configure the space without an existing tenant in place. On-site parking accommodates approximately 10 vehicles, adding practical access for residential occupants, customers, or visitors.
Key Highlights
- Mixed‑use property at 214 Harrison Ave, Scranton, PA
- Upper level includes 6 bedrooms and 2 full baths
- First‑floor commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,756
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,120
$435.1K
Cap Rate 7%
$310,800
$310.8K
Cap Rate 9%
$241,733
$241.7K
Market Conditions
NOI Build-Up for 2,822 SF
Gross rent
$42.0K $14.88/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$39.6K $14.02/SF
− OpEx
−$17.8K −$6.31/SF
NOI
$21.8K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,120
Cap Rate 7%
$310,800
Cap Rate 9%
$241,733
Alternative Uses
Best Use
Mixed Use
$408.2K
$357.2K – $476.2K
NOI $28,573 @ 7.0% cap · market cap 10.99%
Second Best
Apartment 5plus
$310.8K
$272.0K – $362.6K
NOI $21,756 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$716.3K
$626.7K – $835.7K
NOI $50,139 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant interior combines an upper-level residential layout with ground-floor business space.
Where is this mixed-use property located?
The property is located at 214 Harrison Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Mixed‑use property at 214 Harrison Ave, Scranton, PA; Upper level includes 6 bedrooms and 2 full baths; First‑floor commercial space
