Building Details

Building Size 1,220 SF

Year Built 1965

Listing Agency: NASSER REAL ESTATE, INC.

Listed By: Jim Nasser · License #AB065869 Show Phone

Source: Luxehomesnepa

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 16 at 4:24PM

Report an Issue

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 NASSER REAL ESTATE, INC.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This restaurant property, built in 1965, has a dining area with high ceilings, two newer restrooms, and a commercial kitchen. Appliances, kitchen equipment, and furniture are part of the offering. A two-level patio extends the dining area outdoors, and paved parking is located behind the building.

The property is at 625 Pittston Avenue in Scranton, Pennsylvania, a few minutes from downtown.

Key Highlights

• Two‑level patio
• Commercial kitchen with appliances and equipment included
• Dining area features high ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,149

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$262,980 $263.0K

Cap Rate 7%

$187,843 $187.8K

Cap Rate 9%

$146,100 $146.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,220 SF

Gross rent

$18.3K $15.00/SF

− Vacancy

−$769 −$0.63/SF

EGI

$17.5K $14.37/SF

− OpEx

−$4.4K −$3.59/SF

NOI

$13.1K $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%

$262,980

Cap Rate 7%

$187,843

Cap Rate 9%

$146,100

Alternative Uses

Best Use

Specialty Retail

$187.8K

$164.4K – $219.2K (±1% cap)

NOI $13,149 @ 7.0% cap · market cap 4.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$309.7K

$271.0K – $361.3K (±1% cap)

NOI $21,676 @ 7.0% cap · market cap 7.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Fiesta Mexican Restaurant ... Restaurant Estevez Landscaping & Design Landscaping

Suggested Use

Top Pick Carpet & Flooring Store Locksmith Garden Center Pet Grooming Service Home Appliance Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Renovated Deli-Restaurant

1400 Lafayette Street, Scranton, PA 18504

$274,900

1,620 SF

View details

Turn-Key Ice Cream Restaurant

1706 N Main Ave, Scranton, PA 18508

$625,000

578 SF

View details

Pizza Restaurant with Rental Unit

530 532 Pittston Avenue, Scranton, PA 18505

$625,000

2,900 SF

View details

Restaurant with Three-Bedroom Apartment

110 N Main Avenue, Scranton, PA 18504

$950,000

3,015 SF

View details

Mixed-Use Property with Restaurant

1392 N Washington Avenue, Scranton, PA 18509

$950,000

3,999 SF

View details

Updated Duplex with Two Homes

1505-1507 Luzerne St, Scranton, PA 18504

$325,000

1,300 SF

View details

Duplex with Commercial Garage

619-621 Mineral Avenue, Scranton, PA 18509

$349,900

1,354 SF

View details

Updated Duplex with Garage

1413 Bulwer Street, Scranton, PA 18504

$259,000

1,437 SF

View details

Duplex with Auto Repair Garage

1430 N Main Avenue, Scranton, PA 18508

$275,000

1,626 SF

View details

2-Unit Duplex with Basement

1013 John Avenue, Scranton, PA 18510

$168,000

1,360 SF

View details

Fully Rented Duplex

345 Phelps Street, Scranton, PA 18509

$299,999

1,845 SF

View details

Mixed-Use Building with Parking

1365 Wyoming Ave, Scranton, PA 18509

$260,900

1,714 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercial kitchen equipment, appliances, and furnishings are included with the property.

Where is this conventional restaurant located?

The property is located at 625 Pittston Avenue Scranton, PA.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Two‑level patio; Commercial kitchen with appliances and equipment included; Dining area features high ceilings