Live-Work Space with B3
For Sale
$295,000
Pending
318 W Main Street, Plymouth, PA 18651
COMMERCIAL - Other - Plymouth, PA
Property Size2,142 SF
Lot Size0.15 Acres
Days on Market138
Property Features for 318 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Single Family Residence
Zoning
B3
Zoning description
Commercial
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Basement, Bedroom 4, Kitchen, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 4
Parking features
Off Street, Driveway
Interior features
Drywall, Granite Counters, Kitchen Island, High Ceilings
Exterior features
Private Yard
Basement
Concrete
Appliances
Electric Range, Range Hood, Refrigerator, Microwave
Lot features
Private, Rectangular Lot
Elementary school district
Wyoming Valley West
Middle school district
Wyoming Valley West
High school district
Wyoming Valley West
Directions
West main st, house on the left
Standard status
Pending
APN
48-H8SE4-017-008
Size
2,142 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
48-6-50-2 318 W Main St
Tax Annual Amount
3050
Legal Description
48-6-50-2 318 W Main St
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace, Electric (Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Simulated wood
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Xiomara Caraballo Mercado · License #RS370253
(570) 851-9475
Added: Mar 28
Changed: Aug 4
Last Checked: Aug 12 at 1:06AM
MLS# SC261233
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.
Completely renovated live-work property that blends residential space with commercial-ready flexibility. The home offers 5 bedrooms and 3.5 bathrooms, with updated finishes throughout and a modern kitchen featuring brand-new cabinetry and included appliances. Interior features include drywall, granite counters, a kitchen island, and high ceilings. A private yard and simulated wood flooring add to the overall livability. Heating is provided by natural gas, wall furnace, and electric (heating), with cable available.
Situated at 318 W Main Street in Plymouth, PA (18651), the property is in a B3 zoning district. The first floor is described as ideal for commercial use or a professional office, supporting an integrated live-and-work setup. Parking is available via off-street spaces and a driveway, and services include public water and public sewer. Construction materials include vinyl siding, and the roof is shingle.
The property was built in 1930 and offers a practical layout for owners seeking a combined residence and business workspace.
Situated at 318 W Main Street in Plymouth, PA (18651), the property is in a B3 zoning district. The first floor is described as ideal for commercial use or a professional office, supporting an integrated live-and-work setup. Parking is available via off-street spaces and a driveway, and services include public water and public sewer. Construction materials include vinyl siding, and the roof is shingle.
The property was built in 1930 and offers a practical layout for owners seeking a combined residence and business workspace.
Key Highlights
- B3 zoning district supports residential and commercial use, with first‑floor space suited for commercial or professional office
- Completely renovated live‑work property with 5 bedrooms and 3.5 bathrooms
- 2,142 SF total size with 0.15‑acre lot and private yard
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
$21,206
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
7.19%
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%
$424,120
$424.1K
Cap Rate 7%
$302,943
$302.9K
Cap Rate 9%
$235,622
$235.6K
Market Conditions
NOI Build-Up for 2,142 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
$38.6K $18.00/SF
− Vacancy
−$4.6K −$2.16/SF
EGI
$33.9K $15.84/SF
− OpEx
−$12.7K −$5.94/SF
NOI
$21.2K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$424,120
Cap Rate 7%
$302,943
Cap Rate 9%
$235,622
Alternative Uses
Best Use
Office B
$539.8K
$472.4K – $629.8K
NOI $37,789 @ 7.0% cap · market cap 12.81%
Second Best
Mixed Use
$302.9K
$265.1K – $353.4K
NOI $21,206 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$678.6K
$593.8K – $791.7K
NOI $47,501 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 18651, PA
8,723
Population
4,586
Households
1.9
Avg Household Size
41
Median Age
11%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
727
Density / Sq Mi
$43,639
Median Household Income
$34,673
Median Earnings
$930
Median Rent
$90,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Completely renovated live-work property with 5 bedrooms and 3.5 bathrooms, plus first-floor commercial or professional office use.
Where is this live-work space located?
The property is located at 318 W Main Street Plymouth, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: B3 zoning district supports residential and commercial use, with first‑floor space suited for commercial or professional office; Completely renovated live‑work property with 5 bedrooms and 3.5 bathrooms; 2,142 SF total size with 0.15‑acre lot and private yard
