6-Unit Mixed-Use
For Sale
$799,900
525 527 Cedar Avenue, Scranton, PA 18505
Commercial Sale, Scranton, PA
Property Size5,685 SF
Lot Size0.14 Acres
Price / SF$140.70
Days on Market191
Property Features for 525 527 Cedar Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-N
Zoning description
Commercial
Parking features
On Street
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Cedar Avenue across from Citizens Savings Bank
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
Legal Description
40X150 Li&C Town Plot L 7 B 2 W-11 B-003 L-016 P-005
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Number of units
6
Flooring type
Laminate, Tile
Building materials
Cedar
Roof type
Rubber, Shingle
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
Sherrie L Miller · License #RM423823
(570) 430-1599
Added: Mar 31
Changed: Sep 12
Last Checked: Oct 7 at 2:06PM
MLS# SC261287
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.
Investment Insights
Based on property information with market context.
This 5,685-square-foot mixed-use building contains six units across three levels. Two ground-floor storefronts are occupied by a barber shop and a salon shop, while the second floor includes three residential units. The third-floor penthouse is configured as one larger residential unit.
Built in 1920, the property sits on a 0.14-acre parcel in Scranton’s Southside downtown area and is zoned C-N. The building features laminate and tile flooring, rubber and shingle roofing, and a combination of natural gas and electric heating. Public water and public sewer serve the property, with rear alley access providing additional circulation.
Built in 1920, the property sits on a 0.14-acre parcel in Scranton’s Southside downtown area and is zoned C-N. The building features laminate and tile flooring, rubber and shingle roofing, and a combination of natural gas and electric heating. Public water and public sewer serve the property, with rear alley access providing additional circulation.
Key Highlights
- Six‑unit configuration with two storefronts and four residential units
- Two ground‑floor commercial spaces currently used as a barber shop and salon shop
- Three residential units on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,561
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,220
$1.2M
Cap Rate 7%
$822,300
$822.3K
Cap Rate 9%
$639,567
$639.6K
Market Conditions
NOI Build-Up for 5,685 SF
Gross rent
$102.3K $18.00/SF
− Vacancy
−$10.2K −$1.80/SF
EGI
$92.1K $16.20/SF
− OpEx
−$34.5K −$6.07/SF
NOI
$57.6K $10.13/SF
Area
Lackawanna County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,220
Cap Rate 7%
$822,300
Cap Rate 9%
$639,567
Alternative Uses
Best Use
Mixed Use
$822.3K
$719.5K – $959.4K
NOI $57,561 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$763.2K
$667.8K – $890.4K
NOI $53,425 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,007 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level property combining storefronts with residential units and a penthouse residence.
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: Six‑unit configuration with two storefronts and four residential units; Two ground‑floor commercial spaces currently used as a barber shop and salon shop; Three residential units on the second floor
