Turn-Key Multi-Unit
88 S Franklin St Wilkes Barre, PA 18701
For Sale
$899,900
Turn-key building with 7 office and retail units across three floors, featuring large windows and multiple reception areas.
Property Size5,800 SF
Price / SF$155.16
Days on Market22
Property Features for 88 S Franklin St
General Information
- Standard status
- Active
- Size
- 5,800 SF
Listing Agency:
Real of Pennsylvania
(570) 878-0763
Listed By:
Melanie A. Mott · License #RS361018
(570) 878-0763
Source:
Exprealty
Added: Jul 2
Changed: Jul 23
Last Checked: Jul 23 at 5:41PM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
Turn-key commercial space totaling 5,800 square feet, currently divided into seven individual units. The building includes reception areas on both the first and second floors, and the third floor features a grand foyer with potential reception space. Interior features include elegant staircases connecting the levels, large windows providing natural light, and decorative chandeliers.
The property provides parking for both employees and clients, supporting day-to-day operations for businesses and visiting customers.
With a multi-unit layout and a mix of leased and available units, the space is designed to accommodate a range of commercial uses, including office or retail, depending on tenant needs.
The property provides parking for both employees and clients, supporting day-to-day operations for businesses and visiting customers.
With a multi-unit layout and a mix of leased and available units, the space is designed to accommodate a range of commercial uses, including office or retail, depending on tenant needs.
Key Highlights
- 5,800 SF commercial office/retail space across three floors
- Divided into 7 individual units, with some currently leased and others available for lease
- Multiple reception areas, including reception spaces on the first and second floors and a grand foyer on the third floor
Financial Insights For Retail
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 | $76.6k | $13.20 |
| − Vacancy | −$7.7k | −$1.32 |
| EGI | $68.9k | $11.88 |
| − OpEx | −$20.7k | −$3.56 |
| NOI | $48.2k | $8.32 |
5,800 SF · lease $13.20/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,322 @ 7.0% cap · market cap 11.37%
Second Best
Retail
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,621 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dyller & Solomon LLC
Law Firm
Opiel Law
Law Firm
William G. Schwab ...
Law Firm
Barron Law
Law Firm
Bartolai Gino
Law Firm
FAQs
What type of property is this?
Office units - Turn-key building with 7 office and retail units across three floors, featuring large windows and multiple reception areas.
Where is this office units located?
The property is located at 88 S Franklin St Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 5,800 SF commercial office/retail space across three floors; Divided into 7 individual units, with some currently leased and others available for lease; Multiple reception areas, including reception spaces on the first and second floors and a grand foyer on the third floor
