Retail Storefront with Central
For Sale
$750,000
816 Scranton Carbondale Hway, Scranton, PA 18519
COMMERCIAL - Scranton, PA
Property Size3,600 SF
Lot Size0.80 Acres
Price / SF$208.33
Days on Market1174
Property Features for 816 Scranton Carbondale Hway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
r2
Zoning description
Commercial
Parking
20
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
Scranton Carbondale Hway, past the mall on right side after Fridays
Standard status
Active
APN
11303000602
Size
3,600 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
11
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Block
Listing Agency:
REALTY NETWORK GROUP
(570) 585-6880
Listed By:
Ann A Sheroda · License #AB067350
(570) 498-4990
Added: Jun 14, 2023
Changed: Aug 4
Last Checked: Aug 30 at 1:06AM
MLS# 232385
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail storefront on block construction is built for a single-tenant commercial setup and includes vinyl flooring. The space is heated with electric baseboard systems and cooled with central air. Ceiling height is reported at 9' to 12'. The property has no overhead door, and utilities include public water and public sewer. Construction is listed as block with a year built of 1975.
Located on Rt 6 in Scranton, the site is described as high traffic with easy access on and off. A large parking lot is noted to accommodate customer flow.
The property is zoned R2 and sits on a 0.8-acre lot with a 3,600-square-foot building.
Located on Rt 6 in Scranton, the site is described as high traffic with easy access on and off. A large parking lot is noted to accommodate customer flow.
The property is zoned R2 and sits on a 0.8-acre lot with a 3,600-square-foot building.
Key Highlights
- 3,600 SF retail storefront on a 0.8‑acre lot
- Central air cooling with electric baseboard heat
- Ceiling height of 9' to 12'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,620
$676.6K
Cap Rate 7%
$483,300
$483.3K
Cap Rate 9%
$375,900
$375.9K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$54.0K $15.00/SF
− Vacancy
−$5.7K −$1.58/SF
EGI
$48.3K $13.43/SF
− OpEx
−$14.5K −$4.03/SF
NOI
$33.8K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,620
Cap Rate 7%
$483,300
Cap Rate 9%
$375,900
Alternative Uses
Best Use
Retail
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$913.7K
$799.5K – $1.07M
NOI $63,962 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
718k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 25%
Apparel 24%
Superstores 23%
Dining 17%
Walmart
Superstores
165,270 visits/mo
0.3 miles
T.J. Maxx
Apparel
59,888 visits/mo
0.0 miles
The Home Depot
Home Improvements & Furnishings
51,753 visits/mo
0.2 miles
Burlington
Apparel
45,592 visits/mo
0.1 miles
Macy's
Apparel
39,576 visits/mo
0.4 miles
Demographics for 18519, PA
5,000
Population
2,672
Households
1.9
Avg Household Size
45
Median Age
26%
College-Educated
86%
High-School Grad
2.4 sq mi
ZIP Area
2,083
Density / Sq Mi
$58,061
Median Household Income
$44,533
Median Earnings
$924
Median Rent
$165,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Central air and electric baseboard heat serve this R2-zoned block retail storefront with public water and sewer.
Where is this storefront property located?
The property is located at 816 Scranton Carbondale Hway Scranton, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,600 SF retail storefront on a 0.8‑acre lot; Central air cooling with electric baseboard heat; Ceiling height of 9' to 12'
