Freestanding Storefront
For Sale
Contact for pricing
219 North Main Avenue, Scranton, PA 18504
Brick commercial building with open retail space, natural light, central air, and on-site parking.
Property Size1,700 SF
Price / SF$202.94
Days on Market24
Property Features for 219 North Main Avenue
General Information
Standard status
Active
Size
1,700 SF
Total Parking Spaces
7
Property subtype
Retail, Office
Zoning
City Neighborhood Mixed Use Zoning District
Additional Details
Traffic Count
15,702 vehicles/day
Amenities
open retail/service layout
ample natural light
central air conditioning
natural gas heat
Building Details
Year Renovated
2018
Buildings
1
Units
1
Building Size
1,700 SF
Construction
brick
Listing Agency:
Hinerfeld Commercial Real Estate
(570) 207-4100
Listed By:
Anthony Baldo · License #PA RM424593
Source:
Crexi
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 21 at 6:02PM
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 Hinerfeld Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding brick storefront contains approximately 1,700 SF with an open retail and service layout. The building has substantial natural light, central air conditioning, natural gas heat, and approximately seven on-site parking spaces. A new EPDM roof was installed in 2026, and the property was previously occupied by a print shop.
The building fronts North Main Avenue in Scranton and sits along a corridor carrying 15,702 vehicles daily. City Neighborhood Mixed Use Zoning District designation supports a range of neighborhood-oriented commercial applications, including retail, professional office, medical, and service uses.
The building fronts North Main Avenue in Scranton and sits along a corridor carrying 15,702 vehicles daily. City Neighborhood Mixed Use Zoning District designation supports a range of neighborhood-oriented commercial applications, including retail, professional office, medical, and service uses.
Key Highlights
- Approximately 1,700 SF freestanding brick storefront
- 15,702 vehicles passing daily along North Main Avenue
- Open retail and service layout with natural light
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
$21,846
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
6.33%
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%
$436,920
$436.9K
Cap Rate 7%
$312,086
$312.1K
Cap Rate 9%
$242,733
$242.7K
Market Conditions
NOI Build-Up for 1,700 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
$34.1K $20.04/SF
− Vacancy
−$4.9K −$2.91/SF
EGI
$29.1K $17.13/SF
− OpEx
−$7.3K −$4.28/SF
NOI
$21.8K $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%
$436,920
Cap Rate 7%
$312,086
Cap Rate 9%
$242,733
Alternative Uses
Best Use
Office B
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$228.2K
$199.7K – $266.3K
NOI $15,976 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$431.5K
$377.6K – $503.4K
NOI $30,204 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,702 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Mc Gloin's Florist — 106 S Main Ave, Scranton, PA 18504
- B's Floral Design — 131 Penn Ave, Scranton, PA 18503
Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with open retail space, natural light, central air, and on-site parking.
Where is this storefront property located?
The property is located at 219 North Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Approximately 1,700 SF freestanding brick storefront; 15,702 vehicles passing daily along North Main Avenue; Open retail and service layout with natural light
