Restaurant Building with Rental
For Sale
$625,000
530 532 Pittston Avenue, Scranton, PA 18505
Includes a take-out area, equipped kitchen, and adjoining rental unit with separate utilities.
Property Size2,900 SF
Days on Market228
Property Features for 530 532 Pittston Avenue
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
4
Property subtype
Business
Additional Details
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$5,000
Amenities
dedicated take-out area
spacious storage area
full basement
Building Details
Building Size
2,900 SF
Year Built
1925
Listing Agency:
ERA One Source Realty
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Source:
Luxehomesnepa
Added: Feb 24
Changed: Sep 30
Last Checked: Oct 10 at 1:15AM
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This restaurant property at 530–532 Pittston Ave includes a dedicated take-out area, dining room seating for 20+ guests, updated bathrooms, and a fully equipped commercial kitchen. Additional functional space includes storage and a full basement, while the building also has a new roof. On-site parking accommodates up to four cars.
An adjoining rental unit provides a separate income component and is occupied under a one-year lease with separate utilities. The building was constructed in 1925 and is located in Scranton, Pennsylvania.
An adjoining rental unit provides a separate income component and is occupied under a one-year lease with separate utilities. The building was constructed in 1925 and is located in Scranton, Pennsylvania.
Key Highlights
- Restaurant includes dedicated take‑out area and dining room seating for 20+ guests
- Fully equipped commercial kitchen with storage area and full basement
- New roof and modernized bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,255
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,100
$625.1K
Cap Rate 7%
$446,500
$446.5K
Cap Rate 9%
$347,278
$347.3K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$43.5K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$41.7K $14.37/SF
− OpEx
−$10.4K −$3.59/SF
NOI
$31.3K $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%
$625,100
Cap Rate 7%
$446,500
Cap Rate 9%
$347,278
Alternative Uses
Best Use
Specialty Retail
$446.5K
$390.7K – $520.9K
NOI $31,255 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.1K
$644.1K – $858.8K
NOI $51,525 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 27%
Groceries 5%
Electronics 3%
McDonald's
Dining
39,843 visits/mo
0.4 miles
Krispy Kreme Doughnuts
Dining
25,187 visits/mo
0.5 miles
Dollar Tree
Shops & Services
12,303 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
12,044 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,610 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a take-out area, equipped kitchen, and adjoining rental unit with separate utilities.
Where is this conventional restaurant located?
The property is located at 530 532 Pittston Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Restaurant includes dedicated take‑out area and dining room seating for 20+ guests; Fully equipped commercial kitchen with storage area and full basement; New roof and modernized bathrooms
