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Mixed-Use Property in Downtown Scranton

525 527 Cedar Avenue, Scranton, PA 18505

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For Sale

$799,900

MULTI_FAMILY - Scranton, PA

Property size:

5,685 SF

Lot size:

0.14 Acres

Price / SF:

$140/SF

HighLights

6‑unit property built in 1920 with 2 store fronts on the main level
Store fronts currently operating as a barber shop and a salon shop
2nd floor includes 3 residential units
3rd‑floor penthouse unit features 1 large unit
Rear alley access with off‑street parking for the 3rd‑floor unit
Property described as in good condition

We can help!

Listing Contact

Sherrie L Miller

For Sale

$799,900

MULTI_FAMILY - Scranton, PA

Property size:

5,685 SF

Lot size:

0.14 Acres

Price / SF:

$140/SF

Added:: Apr 1, 2026
Days on Market:: 80
Last Refresh:: Jun 19 at 2:06 pm

Property Features for 525 527 Cedar Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: C-N
Bedrooms: 9
Bathrooms: 7
Rooms: Bathroom 3, Bedroom 7, Basement, Bathroom 6, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 7, Bedroom 9, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 4, Bedroom 2
Standard status: Active
APN: 15616020002
Size: 5,685 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 40X150 Li&C Town Plot L 7 B 2 W-11 B-003 L-016 P-005
Tax Annual Amount: 5293

Building Details

Year built: 1920
Floors in Building: 3
Number of units: 6

We can help!

Listing Contact

Sherrie L Miller

Listing agent Sherrie L Miller License #RM423823

Listing office Keller Williams Real Estate-Clarks Summit 749 Northern Blvd., Clarks Summit, PA

Listing date Apr 1, 2026

MLS# SC261974 Listing URL

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.

HighLights

6‑unit property built in 1920 with 2 store fronts on the main level
Store fronts currently operating as a barber shop and a salon shop
2nd floor includes 3 residential units
3rd‑floor penthouse unit features 1 large unit
Rear alley access with off‑street parking for the 3rd‑floor unit
Property described as in good condition

Overview

This mixed-use property in Scranton, Pennsylvania, features six units, including two storefronts currently occupied by a barber shop and a salon. The second floor contains three residential units, while the third floor penthouse comprises one large unit. The property is in good condition and benefits from high visibility and traffic count. Located in the downtown Southside area, it offers alley access in the rear and off-street parking for the third-floor unit. The lot size is 0.14 acres, and the property size is 5,685 square feet. The zoning is C-N, allowing for a variety of commercial and residential uses.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$102.3k	$18.00
− Vacancy	−$10.2k	−$1.80
EGI	$92.1k	$16.20
− OpEx	−$34.5k	−$6.07
NOI	$57.6k	$10.13

5,685 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$822.3K

$719.5K – $959.4K (±1% cap)

NOI $57,561 @ 7.0% cap · market cap 7.20%

Second Best

Retail

$763.2K

$667.8K – $890.4K (±1% cap)

NOI $53,425 @ 7.0% cap · market cap 6.68%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $101,007 @ 7.0% cap · market cap 12.63%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Scranton
County: Lackawanna
State: Pennsylvania
Longitude: -75.66632
Latitude: 41.400365

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For sale
Mixed-use properties
PA
Scranton
18505
525 527 Cedar Avenue

What type of property is this?

Mixed-use property - Six-unit mixed-use property with storefronts and residential units.

Where is this mixed-use property located?

The property is located at 525 527 Cedar Avenue Scranton, PA.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: 6‑unit property built in 1920 with 2 store fronts on the main level; Store fronts currently operating as a barber shop and a salon shop; 2nd floor includes 3 residential units

525 527 Cedar Avenue, Scranton, PA 18505

MULTI_FAMILY - Scranton, PA

Property Features for 525 527 Cedar Avenue

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Scranton Office/Retail Building For Sale

Scranton Commercial Building with Garage

Medical Office at High-Traffic Corner

Scranton Multifamily Investment Opportunity

Commercial Office Building and Duplex

Turn-Key Restaurant with Luxury Apartment

Scranton Duplex Near University

Interconnected Office Buildings

Two-Unit Office Property with Parking

Turnkey Pizza Restaurant and Rental Unit

Prime Scranton Development Opportunity

Green Ridge Multifamily Investment Opportunity

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