Mixed-Use Property with Residential
For Sale
$185,000
603 E Drinker Street, Dunmore, PA 18512
CN zoning supports a combination of living space and business use, subject to borough review.
Property Size1,496 SF
Days on Market49
Property Features for 603 E Drinker Street
General Information
Standard status
Active
Size
1,496 SF
Property subtype
Mixed Use
Zoning
CN
Taxes and HOA fees
Annual Taxes
$3,500
Building Details
Building Size
1,496 SF
Year Built
1900
Listing Agency:
REALTY NETWORK GROUP
Listed By:
Ann E Cappellini · License #AB045764A
(570) 575-2333
Source:
Luxehomesnepa
Added: Sep 6
Changed: Oct 23
Last Checked: Oct 23 at 5:59PM
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 REALTY NETWORK GROUP
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Investment Insights
Based on property information with market context.
This mixed-use property includes residential space and is zoned CN. The configuration can accommodate both living and business functions within one property, subject to confirmation of allowable uses with the borough.
The parcel extends 245 feet in depth. Built in 1900, the property offers a combination of residential and commercial-use potential under its CN zoning.
The parcel extends 245 feet in depth. Built in 1900, the property offers a combination of residential and commercial-use potential under its CN zoning.
Key Highlights
- CN zoning
- Parcel extends 245 feet in depth
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,147
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,940
$302.9K
Cap Rate 7%
$216,386
$216.4K
Cap Rate 9%
$168,300
$168.3K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$26.9K $18.00/SF
− Vacancy
−$2.7K −$1.80/SF
EGI
$24.2K $16.20/SF
− OpEx
−$9.1K −$6.07/SF
NOI
$15.1K $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%
$302,940
Cap Rate 7%
$216,386
Cap Rate 9%
$168,300
Alternative Uses
Best Use
Office B
$274.6K
$240.3K – $320.4K
NOI $19,225 @ 7.0% cap · market cap 10.39%
Second Best
Mixed Use
$216.4K
$189.3K – $252.5K
NOI $15,147 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$379.7K
$332.3K – $443.0K
NOI $26,580 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CN zoning supports a combination of living space and business use, subject to borough review.
Where is this mixed-use property located?
The property is located at 603 E Drinker Street Dunmore, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: CN zoning; Parcel extends 245 feet in depth; Built in 1900
