Mixed-Use Property with Auto
For Sale
$349,900
619 621 Mineral Avenue, Scranton, PA 18509
Commercial Sale, Scranton, PA
Property Size1,077 SF
Lot Size0.17 Acres
Price / SF$324.88
Days on Market143
Property Features for 619 621 Mineral Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-L
Parking
20
Parking features
Garage, Off Street, Open, Parking Lot
Security features
Security Lighting
Exterior features
Lighting, Storage, Smart Camera(s)/Recording, Rain Gutters
Lot features
Level, Paved
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Capouse Avenue turn onto West Olive Street, go under bridge, pass Barrett Court take next right onto Mineral Street. Go one block to Silex St. Property will be on your left at corner.
Standard status
Active
APN
14516030009
Size
1,077 SF
Lot size
0.17 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Automotive Uses
vehicle storage
Taxes and HOA fees
Tax Year
2025
Tax Description
60X120 Bldg & Land W-07 B-0060 L-013A P-01800
Tax Annual Amount
4381
Legal Description
60X120 Bldg & Land W-07 B-0060 L-013A P-01800
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Pellet Stove, Natural Gas, Forced Air, Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Amenities
office
full bathroom
half bathroom
pellet stove
overhead garage heater
laundry
eat-in kitchen
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Flooring type
Concrete, Linoleum
Building materials
Block, Concrete, Vinyl Siding
Roof type
Shingle, Asphalt
Additional Structures
Storage
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
James W Gilhooley · License #RS373019
(570) 780-0725
Added: Jun 17
Changed: Oct 24
Last Checked: Nov 6 at 5:06AM
MLS# SC262866
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines an automotive garage with two residential apartments on a 0.17-acre parcel. The garage includes an office, a full bathroom, an additional half bathroom, one service bay, a Bishamon overhead vehicle lift, forced-air heating, a pellet stove, and a separate aluminum garage with room for four automobiles. Off-street parking, storage, lighting, security cameras, and rain gutters are also provided.
The residential component includes two apartments: a 676-square-foot one-bedroom, one-bath unit with laundry and an eat-in kitchen, plus a 678-square-foot two-bedroom, one-bath unit with a laundry room and eat-in kitchen. The garage and both apartments are occupied by long-term tenants. The property is served by public water and public sewer and is zoned I-L.
The residential component includes two apartments: a 676-square-foot one-bedroom, one-bath unit with laundry and an eat-in kitchen, plus a 678-square-foot two-bedroom, one-bath unit with a laundry room and eat-in kitchen. The garage and both apartments are occupied by long-term tenants. The property is served by public water and public sewer and is zoned I-L.
Key Highlights
- Two occupied apartments measuring 676 SF and 678 SF
- Operating automotive garage with a Bishamon overhead automobile power lift
- Detached aluminum garage accommodates 4 automobiles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,905
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,100
$218.1K
Cap Rate 7%
$155,786
$155.8K
Cap Rate 9%
$121,167
$121.2K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$19.4K $18.00/SF
− Vacancy
−$1.9K −$1.80/SF
EGI
$17.4K $16.20/SF
− OpEx
−$6.5K −$6.07/SF
NOI
$10.9K $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%
$218,100
Cap Rate 7%
$155,786
Cap Rate 9%
$121,167
Alternative Uses
Best Use
Mixed Use
$155.8K
$136.3K – $181.8K
NOI $10,905 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$273.4K
$239.2K – $318.9K
NOI $19,135 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,003
Businesses Nearby
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Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combining an operating garage with two residential apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 619 621 Mineral Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two occupied apartments measuring 676 SF and 678 SF; Operating automotive garage with a Bishamon overhead automobile power lift; Detached aluminum garage accommodates 4 automobiles
