Retail
For Sale
$1,749,995
310-312 E Lackawanna Avenue, Olyphant, PA 18447
For sale retail building totaling 17,000 SF at 310-312 Lackawanna Avenue in Olyphant, PA.
Property Size11,000 SF
Price / SF$102.94
Days on Market250
Property Features for 310-312 E Lackawanna Avenue
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,917
Building Details
Building Size
11,000 SF
Year Built
1920
Listing Agency:
The Hub Real Estate Group Scranton
Listed By:
Pat Rogan · License #RS329526
(570) 489-2563
Source:
Luxehomesnepa
Added: Feb 11
Changed: Oct 8
Last Checked: Oct 16 at 5:58PM
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 The Hub Real Estate Group Scranton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail building offers a total of 17,000 SF, presented as a single commercial property at 310-312 Lackawanna Avenue in Olyphant, Pennsylvania.
The offering is categorized for retail use and is suitable for buyers seeking an all-in-one retail asset within this address range. The property is marketed as retail space in public remarks, with the total building size noted as 17,000 SF.
Additional details regarding unit configuration, frontage, and specific interior improvements are not provided in the available information. Interested parties should confirm layout and any tenant-ready attributes directly with the listing team.
The offering is categorized for retail use and is suitable for buyers seeking an all-in-one retail asset within this address range. The property is marketed as retail space in public remarks, with the total building size noted as 17,000 SF.
Additional details regarding unit configuration, frontage, and specific interior improvements are not provided in the available information. Interested parties should confirm layout and any tenant-ready attributes directly with the listing team.
Key Highlights
- Retail building for sale totaling 17,000 SF
- Located at 310‑312 Lackawanna Avenue in Olyphant, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,758
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,195,160
$3.2M
Cap Rate 7%
$2,282,257
$2.3M
Cap Rate 9%
$1,775,089
$1.8M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$255.0K $15.00/SF
− Vacancy
−$26.8K −$1.58/SF
EGI
$228.2K $13.43/SF
− OpEx
−$68.5K −$4.03/SF
NOI
$159.8K $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%
$3,195,160
Cap Rate 7%
$2,282,257
Cap Rate 9%
$1,775,089
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,758 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.31M
$3.78M – $5.03M
NOI $302,044 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 37%
Dining 22%
Beauty & Spa 1%
Giant Food Store
Groceries
32,803 visits/mo
0.2 miles
Dunkin' Donuts
Dining
19,080 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,422 visits/mo
0.4 miles
Gulf Oil
Shops & Services
6,057 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,036 visits/mo
0.0 miles
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail building totaling 17,000 SF at 310-312 Lackawanna Avenue in Olyphant, PA.
Where is this retail space located?
The property is located at 310-312 E Lackawanna Avenue Olyphant, PA.
What is the asking price?
The asking price for this property is $1,749,995.
What are key features of this property?
This property features: Retail building for sale totaling 17,000 SF; Located at 310‑312 Lackawanna Avenue in Olyphant, PA
