Mixed-Use Building with Office
68 Main Street, Luzerne, PA 18709
For Sale
$225,000
Commercial, Luzerne, PA
Property Size2,562 SF
Price / SF$87.82
Days on Market47
Property Features for 68 Main Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Annual Amount
Listing Agency:
Gerald L. Busch Real Estate, Inc.
(570) 288-2514
Listed By:
Gerald J. Busch, Jr. · License PA AB068419
(570) 709-7798
Added: Sep 26
Changed: Oct 17
Last Checked: Nov 11 at 4:06AM
MLS# 26-4962
Copyright © 2026 Luzerne County Association of REALTORS®. 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.
At 68 Main Street in Luzerne, this mixed-use property pairs 1,700 square feet of office space with an 800-square-foot apartment. The property is zoned Community Business.
The office and residential components provide distinct spaces within one building.
The office and residential components provide distinct spaces within one building.
Key Highlights
- 1,700 square feet of office space
- Separate 800‑square‑foot residential apartment
- Zoned Community Business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,176
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,520
$383.5K
Cap Rate 7%
$273,943
$273.9K
Cap Rate 9%
$213,067
$213.1K
Market Conditions
NOI Build-Up for 2,562 SF
Gross rent
$37.8K $14.76/SF
− Vacancy
−$2.9K −$1.15/SF
EGI
$34.9K $13.61/SF
− OpEx
−$15.7K −$6.12/SF
NOI
$19.2K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,520
Cap Rate 7%
$273,943
Cap Rate 9%
$213,067
Alternative Uses
Best Use
Mixed Use
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 11.27%
Second Best
Apartment 5plus
$273.9K
$239.7K – $319.6K
NOI $19,176 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$811.6K
$710.2K – $946.9K
NOI $56,815 @ 7.0% cap · market cap 25.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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Business Placement
Demographics for 18709, PA
2,779
Population
1,648
Households
1.7
Avg Household Size
46
Median Age
14%
College-Educated
88%
High-School Grad
0.8 sq mi
ZIP Area
3,474
Density / Sq Mi
$38,547
Median Household Income
$34,959
Median Earnings
$780
Median Rent
$113,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines business office area with a separate residential apartment.
Where is this mixed-use property located?
The property is located at 68 Main Street Luzerne, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,700 square feet of office space; Separate 800‑square‑foot residential apartment; Zoned Community Business
