240 N Main Ave Scranton, PA 18504
Three-unit mixed-use building with a street-level storefront and two residential apartments above and behind.
Property Features for 240 N Main Ave
General Information
- Standard status
- Active
- Size
- 2,298 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1945
Listing office Christian Saunders Real Estate (570) 335-0730
Listing date Jul 7, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
The property is located on N Main Ave in Scranton with road frontage and visibility along a busy slow-traffic corridor, supporting storefront presence for retail or service-based operations.
Overall, the configuration combines street-level commercial space with residential units above and behind, providing separate metering and straightforward access for showings to the storefront-related areas.
Key Highlights
- Three‑unit mixed‑use building with a street‑level commercial storefront and two residential apartments above and behind
- Year built: 1945
- Main level includes a commercial storefront with a bathroom and separate access to a rear 1‑bedroom apartment
Local Financial Insights For Mixed Use
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 | $41.4k | $18.00 |
| − Vacancy | −$4.1k | −$1.80 |
| EGI | $37.2k | $16.20 |
| − OpEx | −$14.0k | −$6.07 |
| NOI | $23.3k | $10.13 |
