Mixed-Use Office-Retail
7 Oakwood Dr Scranton, PA 18504
For Sale
$699,000
Modern office and retail building offers flexible space for two separate units or one larger suite.
Property Size3,000 SF
Price / SF$233
Days on Market73
Property Features for 7 Oakwood Dr
General Information
Standard status
Active
Size
3,000 SF
Listing Agency:
NASSER REAL ESTATE, INC.
(570) 309-8799
Listed By:
Jim Nasser · License #AB065869
(570) 309-8799
Source:
Exprealty
Added: May 18
Changed: Jul 26
Last Checked: Jul 26 at 7:31AM
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.
Investment Insights
Based on property information with market context.
This modern office/retail building features a functional layout designed for two units with separate utilities, or can be opened up to create one larger unit. The right-side unit is plumbed for a hair salon, providing additional build-out flexibility for a range of commercial uses.
The property includes ample paved parking and is conveniently located just off of Keyser Ave.
Available as a for-sale offering, the building is sized for adaptable occupancy, with utilities separated to support independent operations within the existing unit configuration.
The property includes ample paved parking and is conveniently located just off of Keyser Ave.
Available as a for-sale offering, the building is sized for adaptable occupancy, with utilities separated to support independent operations within the existing unit configuration.
Key Highlights
- Modern office/retail building with functional space for 2 units or one larger suite
- 2‑unit setup includes separate utilities
- Right side unit is plumbed for a hair salon
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $20.04 |
| − Vacancy | −$8.7k | −$2.91 |
| EGI | $51.4k | $17.13 |
| − OpEx | −$12.9k | −$4.28 |
| NOI | $38.6k | $12.85 |
3,000 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$550.7K
$481.9K – $642.5K
NOI $38,552 @ 7.0% cap · market cap 5.52%
Second Best
Healthcare Medical
$505.4K
$442.2K – $589.6K
NOI $35,378 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$761.5K
$666.3K – $888.4K
NOI $53,302 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Modern office and retail building offers flexible space for two separate units or one larger suite.
Where is this office units located?
The property is located at 7 Oakwood Dr Scranton, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Modern office/retail building with functional space for 2 units or one larger suite; 2‑unit setup includes separate utilities; Right side unit is plumbed for a hair salon
