Pizza Restaurant with Rental
For Sale
$625,000
530 532 Pittston Avenue, Scranton, PA 18505
Commercial Sale, Scranton, PA
Property Size2,900 SF
Lot Size0.11 Acres
Price / SF$215.52
Days on Market220
Property Features for 530 532 Pittston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Rooms
Basement
Parking
4
Parking features
On Street, Off Street, Parking Lot
Basement
Unfinished, Concrete
Lot features
City Lot, Level, Corner Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Moosic Street to Pittston Ave, follow till the intersection of Alder and Pittston and the business will be there on right side corner.
Standard status
Active
APN
15616020015
Size
2,900 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5001
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Added: Feb 24
Changed: Sep 22
Last Checked: Oct 2 at 12:06PM
MLS# SC260706
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 2,900-square-foot restaurant property occupies a 0.11-acre site and includes a dedicated take-out area, dining room seating for 20+ guests, updated bathrooms, and a fully equipped commercial kitchen. A spacious storage area, full basement, public utilities, forced-air heating, central air, and a shingle roof support the building’s operations. The structure was built in 1925 and features stone and stucco construction, with a new roof and modernized bathroom improvements.
An adjacent rental unit is included with the property. The unit has separate utilities and is subject to a one-year lease. Parking is available through the on-site lot, off-street spaces, and street parking, with capacity for up to four cars in the lot. The property is zoned Commercial and located in Scranton, Pennsylvania.
An adjacent rental unit is included with the property. The unit has separate utilities and is subject to a one-year lease. Parking is available through the on-site lot, off-street spaces, and street parking, with capacity for up to four cars in the lot. The property is zoned Commercial and located in Scranton, Pennsylvania.
Key Highlights
- 2,900‑square‑foot restaurant building on a 0.11‑acre site
- Dining room accommodates 20+ guests with a dedicated take‑out area
- Fully equipped commercial kitchen with storage area and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,255
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Apartment 5plus
$319.4K
$279.5K – $372.6K
NOI $22,357 @ 7.0% cap · market cap 3.58%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped commercial kitchen, dedicated take-out area, guest dining room, updated bathrooms, and adjacent leased rental space.
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: 2,900‑square‑foot restaurant building on a 0.11‑acre site; Dining room accommodates 20+ guests with a dedicated take‑out area; Fully equipped commercial kitchen with storage area and full basement
