Four-Bay Auto
For Sale
$249,000
511 N Keyser Avenue, Scranton, PA 18504
Automotive facility with office space, multiple garage configurations, rear land, and on-site parking.
Property Size3,520 SF
Days on Market179
Property Features for 511 N Keyser Avenue
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Service Bays
4
Taxes and HOA fees
Annual Taxes
$8,568
Amenities
office
Building Details
Building Size
3,520 SF
Year Built
1975
Listing Agency:
NASSER REAL ESTATE, INC.
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Source:
Luxehomesnepa
Added: Apr 20
Changed: Oct 4
Last Checked: Oct 13 at 2:35AM
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 NASSER REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This automotive property includes a 3,520-square-foot facility with an office and four garage bays. The existing layout comprises a one-car garage, a two-car garage, and a larger garage served by a 16-foot overhead door. Land extends behind the garage area, providing additional property beyond the current improvements.
The property is located at 511 N Keyser Ave in Scranton, Pennsylvania, with road frontage and on-site parking. Built in 1975, the facility offers a functional base for automotive operations or related commercial use.
The property is located at 511 N Keyser Ave in Scranton, Pennsylvania, with road frontage and on-site parking. Built in 1975, the facility offers a functional base for automotive operations or related commercial use.
Key Highlights
- 3,520‑square‑foot automotive facility
- Four garage bays with office space
- Garage layout includes one‑car and two‑car bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,539
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,780
$410.8K
Cap Rate 7%
$293,414
$293.4K
Cap Rate 9%
$228,211
$228.2K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$31.1K $8.83/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$29.3K $8.34/SF
− OpEx
−$8.8K −$2.50/SF
NOI
$20.5K $5.83/SF
Area
Lackawanna County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,780
Cap Rate 7%
$293,414
Cap Rate 9%
$228,211
Alternative Uses
Best Use
Retail
$472.6K
$413.5K – $551.3K
NOI $33,079 @ 7.0% cap · market cap 13.28%
Second Best
Industrial
$293.4K
$256.7K – $342.3K
NOI $20,539 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$893.4K
$781.8K – $1.04M
NOI $62,541 @ 7.0% cap · market cap 25.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
7,102 visits/mo
0.3 miles
NBT Bank
Shops & Services
2,450 visits/mo
0.4 miles
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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- Paul's Auto Repair — 2507 Jackson St, Scranton, PA 18504
- Atlas Car & Truck Repair — 2503 Jackson St, Scranton, PA 18504
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with office space, multiple garage configurations, rear land, and on-site parking.
Where is this auto shop located?
The property is located at 511 N Keyser Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3,520‑square‑foot automotive facility; Four garage bays with office space; Garage layout includes one‑car and two‑car bays
