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Versatile Building on Fenced Lot

777 S Franklin St Wilkes Barre, PA 18702

777 S Franklin St, Wilkes Barre, PA, 18702
$1,500,000
For Sale
Claim this Listing
$1,500,000

22,000 sq ft building with 9 garage bays.

Property Size22,000 SF
Lot Size2.00 Acres
Price / SF$68.18
AddedMay 1
Days on Market77
Last RefreshJul 15 at 9:57 pm

Property Features for 777 S Franklin St

General Information

Standard status
Active
Size
22,000 SF
Lot size
2.00 Acres

Listing office RE/MAX Preferred - Cherry Hill

Listing date May 1, 2026

Source Exprealty

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 RE/MAX Preferred - Cherry Hill


Investment Insights

Based on property information with market context.

This versatile 22,000 sq ft building is situated on a 2-acre fully fenced lot in Wilkes Barre. The structure includes 9 garage bays, one of which features a 24 ft high ceiling. It is equipped with 400 Amp and 3-phase electric power. The property also features 4 hydraulic working lifts, making it suitable for an automotive business. There are 2 offices within the building. The property's versatility makes it suitable for a variety of businesses.

Key Highlights

  • 22,000 sq ft building on a 2‑acre fully fenced lot.
  • Benefit from 9 garage bays, including one 24 ft high bay.
  • Includes 4 hydraulic working lifts.

Local Financial Insights For Industrial

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 $192.7k $8.76
− Vacancy −$19.3k −$0.88
EGI $173.4k $7.88
− OpEx −$52.0k −$2.37
NOI $121.4k $5.52
22,000 SF · lease $8.76/SF/yr · vacancy 10.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$2.61M
$2.29M – $3.05M (±1% cap)
NOI $182,952 @ 7.0% cap · market cap 12.20%
Second Best
Industrial
$1.73M
$1.52M – $2.02M (±1% cap)
NOI $121,414 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$6.97M
$6.10M – $8.13M (±1% cap)
NOI $487,872 @ 7.0% cap · market cap 32.52%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

AC's Auto Center ... Interior Design Carmen's WB Food ... Restaurant

Suggested Use

Real Estate Agency Dental Office Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Storage Facility Garden Center Catering Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Penske Truck Rental — 33 s wilkes-barre blvd, wilkes-barre, pa 18702

FAQs

What type of property is this?
Automotive property - 22,000 sq ft building with 9 garage bays.
Where is this automotive property located?
The property is located at 777 S Franklin St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 22,000 sq ft building on a 2‑acre fully fenced lot.; Benefit from 9 garage bays, including one **24 ft high bay**.; Includes **4 hydraulic working lifts**.
Contact an agent
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