426 Bartel Street, Scranton, PA 18508

Building Details

Building Size 1,250 SF More

Year Built 1980 More

Listing Agency: Levy Realty Group

Listed By: MICHAEL TIGHE · License PA RS278360 Show Phone

Source: Luxehomesnepa

Added: Apr 21 Changed: Nov 8 Last Checked: Nov 8 at 5:56PM

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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 Levy Realty Group

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Investment Insights

Based on property information with market context.

This coffee shop property includes the operating business, equipment, inventory, and real estate in one offering. Built in 1980, the ice cream stand has covered outdoor seating and occupies a double lot with on-site parking.

The property is next to Scranton Farmers' Market on Bartel Street in Scranton.

Key Highlights

• Business, equipment, inventory, and real estate included in the sale
• Ice cream stand with covered outdoor seating
• Double‑lot property with on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,472

Cap Rate

7.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$269,440 $269.4K

Cap Rate 7%

$192,457 $192.5K

Cap Rate 9%

$149,689 $149.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$18.8K $15.00/SF

− Vacancy

−$788 −$0.63/SF

EGI

$18.0K $14.37/SF

− OpEx

−$4.5K −$3.59/SF

NOI

$13.5K $10.78/SF

Area

Lackawanna County, PA

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$269,440

Cap Rate 7%

$192,457

Cap Rate 9%

$149,689

Alternative Uses

Best Use

Specialty Retail

$192.5K

$168.4K – $224.5K (±1% cap)

NOI $13,472 @ 7.0% cap · market cap 7.48%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$317.3K

$277.6K – $370.2K (±1% cap)

NOI $22,209 @ 7.0% cap · market cap 12.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Jessee's Place Ice ... Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Restaurant Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

1,014

Businesses Nearby

28k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 48%

Taco Bell Dining

14,560 visits/mo 0.4 miles

Turkey Hill Minit Market Shops & Services

13,517 visits/mo 0.4 miles

Demographics for 18508, PA

11,664

Population

5,466

Households

2.1

Avg Household Size

40

Median Age

18%

College-Educated

90%

High-School Grad

6.8 sq mi

ZIP Area

1,715

Density / Sq Mi

$44,706

Median Household Income

$31,055

Median Earnings

$1,034

Median Rent

$120,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Coffee shop - The sale combines the operating business with its equipment, inventory, and real estate.

Where is this coffee shop located?

The property is located at 426 Bartel Street Scranton, PA.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Business, equipment, inventory, and real estate included in the sale; Ice cream stand with covered outdoor seating; Double‑lot property with on‑site parking