Mixed-Use Office
For Sale
$225,000
68 Main Street, Luzerne, PA 18709
The building pairs commercial workspace with a distinct residential apartment.
Property Size2,562 SF
Price / SF$132.35
Days on Market42
Property Features for 68 Main Street
General Information
Standard status
Active
Size
2,562 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,581
Building Details
Building Size
2,562 SF
Buildings
1
Listing Agency:
Gerald L. Busch Real Estate, Inc.
Listed By:
Gerald J. Busch, Jr. · License #AB068419
(570) 709-7798
Source:
Luxehomesnepa
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 4 at 9:20PM
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 Gerald L. Busch Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 68 Main Street in Luzerne, Pennsylvania, the mixed-use property contains 1,700 square feet of office space and a separate 800-square-foot apartment. The apartment is identified as income-producing, creating a residential component alongside the commercial area.
Key Highlights
- 1,700 square feet of office space
- Separate 800‑square‑foot apartment described as income‑producing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,830
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,600
$336.6K
Cap Rate 7%
$240,429
$240.4K
Cap Rate 9%
$187,000
$187.0K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$30.6K $18.00/SF
− Vacancy
−$3.7K −$2.16/SF
EGI
$26.9K $15.84/SF
− OpEx
−$10.1K −$5.94/SF
NOI
$16.8K $9.90/SF
Area
Luzerne County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,600
Cap Rate 7%
$240,429
Cap Rate 9%
$187,000
Alternative Uses
Best Use
Office B
$428.4K
$374.9K – $499.9K
NOI $29,991 @ 7.0% cap · market cap 13.33%
Second Best
Mixed Use
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building pairs commercial workspace with a distinct 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 apartment described as income‑producing
