Mixed-Use Live-Work
For Sale
$229,900
360 Scott Street Wilkes-Barre, Wilkes Barre, PA 18702
First-floor commercial space with high-traffic visibility plus an upstairs 2–3 bedroom, 1-bath apartment with separate entrance.
Property Size2,493 SF
Days on Market71
Property Features for 360 Scott Street Wilkes-Barre
General Information
Standard status
Active
Size
2,493 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,828
Building Details
Building Size
2,493 SF
Listing Agency:
Lewith & Freeman, Kingston
Listed By:
Christine Lacomis
(570) 288-9371
Source:
Luxehomesnepa
Added: Jun 26
Changed: Sep 2
Last Checked: Sep 1 at 11:39PM
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 Lewith & Freeman, Kingston
Investment Insights
Based on property information with market context.
This mixed-use live-work building features 1st-floor commercial space in a high-traffic area, with an additional upstairs apartment that can be used or leased for income. The apartment offers a 2–3 bedroom, 1-bath layout and includes a separate entrance.
The property is listed for sale at 360 Scott Street in Wilkes-Barre, PA, and is described as convenient to major routes. Outdoor amenities include backyard space, along with off-street parking for added convenience.
From an operations standpoint, the combination of street-access commercial frontage and a separate-entry residence supports flexible occupancy or an arrangement where the commercial space is used while the upper unit is rented.
The property is listed for sale at 360 Scott Street in Wilkes-Barre, PA, and is described as convenient to major routes. Outdoor amenities include backyard space, along with off-street parking for added convenience.
From an operations standpoint, the combination of street-access commercial frontage and a separate-entry residence supports flexible occupancy or an arrangement where the commercial space is used while the upper unit is rented.
Key Highlights
- First‑floor commercial space in a high‑traffic area
- Upstairs 2–3 bedroom, 1‑bath apartment with a separate entrance
- Options to live upstairs or lease the apartment for additional income
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
$20,732
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
9.02%
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%
$414,640
$414.6K
Cap Rate 7%
$296,171
$296.2K
Cap Rate 9%
$230,356
$230.4K
Market Conditions
NOI Build-Up for 2,493 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
$32.9K $13.20/SF
− Vacancy
−$3.3K −$1.32/SF
EGI
$29.6K $11.88/SF
− OpEx
−$8.9K −$3.56/SF
NOI
$20.7K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$414,640
Cap Rate 7%
$296,171
Cap Rate 9%
$230,356
Alternative Uses
Best Use
Office B
$628.3K
$549.8K – $733.0K
NOI $43,981 @ 7.0% cap · market cap 19.13%
Second Best
Mixed Use
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 10.74%
Theoretical Best
Office A
$789.8K
$691.1K – $921.4K
NOI $55,285 @ 7.0% cap · market cap 24.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
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 - First-floor commercial space with high-traffic visibility plus an upstairs 2–3 bedroom, 1-bath apartment with separate entrance.
Where is this live-work space located?
The property is located at 360 Scott Street Wilkes-Barre Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: First‑floor commercial space in a high‑traffic area; Upstairs 2–3 bedroom, 1‑bath apartment with a separate entrance; Options to live upstairs or lease the apartment for additional income
