Retail Storefront with Two
232 N Main Avenue Scranton, PA 18504
For Sale
$395,000
SINGLE_FAMILY - Scranton, PA
Property Size2,820 SF
Lot Size0.23 Acres
Price / SF$140.07
Days on Market90
Property Features for 232 N Main Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- C1
- Parking features
- Off Street
- Standard status
- Active
- APN
- 14518030052
- Size
- 2,820 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7625
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 342-4115
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Added: Apr 28
Last Checked: Jul 26 at 12:06PM
MLS# SC261816
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.
Investment Insights
Based on property information with market context.
This retail storefront property is for sale and includes a total building size of 2,820 square feet on a 0.23-acre lot. The space is currently divided into two units, with the ability to be opened back up into a single, larger layout.
Situated on N Main Avenue in Scranton, the property benefits from a high-traffic setting and an adjacent lot offering ample parking. The property is zoned C1.
As configured, the storefront provides flexibility between maintaining two separate units or combining into one continuous space, depending on an operator’s needs.
Situated on N Main Avenue in Scranton, the property benefits from a high-traffic setting and an adjacent lot offering ample parking. The property is zoned C1.
As configured, the storefront provides flexibility between maintaining two separate units or combining into one continuous space, depending on an operator’s needs.
Key Highlights
- High‑traffic Main Ave location with adjacent lot and ample parking
- Currently divided into two units, with the option to open into one
- Year built: 1955
Financial Insights For 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 | $42.3k | $15.00 |
| − Vacancy | −$4.4k | −$1.58 |
| EGI | $37.9k | $13.43 |
| − OpEx | −$11.4k | −$4.03 |
| NOI | $26.5k | $9.40 |
2,820 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$378.6K
$331.3K – $441.7K
NOI $26,501 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.8K
$626.3K – $835.1K
NOI $50,104 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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
FAQs
What type of property is this?
Storefront property - High-traffic corridor storefront with adjacent lot parking, currently configured as two units and easily convertible into one.
Where is this storefront property located?
The property is located at 232 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High‑traffic Main Ave location with adjacent lot and ample parking; Currently divided into two units, with the option to open into one; Year built: 1955
