Three-Story Assisted Living
For Sale
$2,000,000
51 N Main St, Pittston, PA 18640
Operating healthcare property with resident accommodations and established on-site staffing.
Property Size15,000 SF
Price / SF$133.33
Days on Market242
Property Features for 51 N Main St
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Subsidized Housing
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Building Size
15,000 SF
Stories
3
Listing Agency:
KW Commercial, The Daniel Perich Group
Listed By:
Daniel Perich · License #RB070171
(570) 213-4900
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 6
Last Checked: Oct 16 at 5:48AM
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 KW Commercial, The Daniel Perich Group
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Investment Insights
Based on property information with market context.
This operating assisted living facility comprises approximately 15,000 square feet across three stories and accommodates 55 beds. The property is staffed by 12 employees and is configured for ongoing residential care operations. The asset is located at 51 N Main St in Pittston, Pennsylvania.
The facility sits along Route 11 near Geisinger Health, providing access for residents, visitors, and medical-related needs. Its established operating status, bed capacity, and healthcare-oriented setting support continued use as an assisted living property.
The facility sits along Route 11 near Geisinger Health, providing access for residents, visitors, and medical-related needs. Its established operating status, bed capacity, and healthcare-oriented setting support continued use as an assisted living property.
Key Highlights
- Approximately 15,000 square feet across three stories
- 55‑bed assisted living facility
- Currently operating with 12 employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,272
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,440
$2.2M
Cap Rate 7%
$1,603,886
$1.6M
Cap Rate 9%
$1,247,467
$1.2M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$221.4K $14.76/SF
− Vacancy
−$17.3K −$1.15/SF
EGI
$204.1K $13.61/SF
− OpEx
−$91.9K −$6.12/SF
NOI
$112.3K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,440
Cap Rate 7%
$1,603,886
Cap Rate 9%
$1,247,467
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,272 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,640 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Operating healthcare property with resident accommodations and established on-site staffing.
Where is this assisted living facility located?
The property is located at 51 N Main St Pittston, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 15,000 square feet across three stories; 55‑bed assisted living facility; Currently operating with 12 employees
