Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Vape Shop on Highway Title is generated by Realmo AI

    816 Scranton Carbondale Hwy, Scranton, PA 18508

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Turn-key vape shop with high traffic location and parking.

    Type:Retail, Business for Sale
    Property size:
    3,600 SF
    Price / SF:
    $416/SF
    Added:
    Jun 27, 2023
    Days on Market:
    1074
    Last Refresh:
    May 12 at 8:02 pm

    Property Features for 816 Scranton Carbondale Hwy

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Property subtype
    Retail, Business for Sale

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Mark DeStefano

    Listing agent Mark DeStefano License #PA RS326807

    Listing office Realty Network Group

    Listing date Jun 27, 2023

    Source Crexi

    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 Realty Network Group

    HighLights

    • Turn‑key, full‑service vape shop business opportunity.
    • Extensive selection of 500 flavors caters to a broad customer base.
    • High‑traffic location on Business Route 6 with easy access.
    • Large 3,600 square foot space.
    • Ample parking to support high customer volume.
    • Established in 1975.

    Overview

    This is a full-service vape shop catering to smokers who want to quit, featuring 500 flavors. The turn-key business occupies a 3,600 square foot location on a high-traffic section of Business Route 6, offering convenient access. A large parking lot is available to accommodate the flow of customers to this thriving business.
    Property Profile Location Intelligence

    Current Use by Public Records

    VIBE Hemp Market (Bike/Boat/Book/etc) Store Vape Boss (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.64561
    Latitude
    41.466597

    Nearby Similar for Sale

    • $699,000
      3,000 SF

      Scranton Office/Retail Building For Sale

      Modern building near Keyser Ave, suitable for various commercial uses.
      7 Oakwood Drive, Scranton, PA 18504
      View Details
    • $650,000
      3,900 SF

      Scranton Commercial Building with Garage

      Meticulously maintained 6-bay garage with office and retail space.
      18 Electric Street, Scranton, PA 18509
      View Details
    • $549,000
      3,000 SF

      Medical Office at High-Traffic Corner

      3,000 SF medical office building for sale or lease.
      397 N 9th Avenue, Scranton, PA 18504
      View Details
    • $449,900
      7,000 SF

      Prime Scranton Development Opportunity

      Two-story mixed-use building in downtown Scranton near Lackawanna College.
      515 Wyoming Ave, Scranton, PA 18509
      View Details
    • $675,000
      7,348 SF

      Scranton Multifamily Investment Opportunity

      Eight-unit multifamily property in Scranton, offering strong income potential.
      1607 Sanderson Avenue, Scranton, PA 18509
      View Details
    • $599,900
      3,724 SF

      Scranton Duplex Near University

      Fully rented 14-bedroom duplex near the University of Scranton.
      430-432 Taylor Avenue, Scranton, PA 18510
      View Details
    • $950,000
      3,015 SF

      Turn-Key Restaurant with Luxury Apartment

      Mixed-use property featuring a restaurant and upscale residential unit.
      110 N Main Avenue, Scranton, PA 18504
      View Details
    • $389,000
      3,288 SF

      Prime Commercial Space in Scranton

      Highway Commercial District property with built-in income potential.
      381 N 9th Avenue, Scranton, PA 18504
      View Details
    • $625,000
      2,900 SF

      Turnkey Restaurant with Rental Income

      Established pizza restaurant with rental income in Scranton, PA.
      530 532 Pittston Avenue, Scranton, PA 18505
      View Details
    • $799,900
      5,685 SF

      Mixed-Use Property in Downtown Scranton

      Six-unit mixed-use property with storefronts and residential units.
      525 527 Cedar Avenue, Scranton, PA 18505
      View Details
    • $975,000
      9,200 SF

      Green Ridge Multifamily Investment Opportunity

      Meticulously maintained 8-unit apartment building in desirable Green Ridge.
      1411-1413 N Washington Avenue, Scranton, PA 18509
      View Details
    • $699,000
      6,200 SF

      Scranton Multifamily Investment Opportunity

      Multifamily property with seven residential units and three garage spaces.
      1418 Pittston Avenue, Scranton, PA 18505
      View Details

    FAQs

    What type of property is this?
    Retail space - Turn-key vape shop with high traffic location and parking.
    Where is this retail space located?
    The property is located at 816 Scranton Carbondale Hwy Scranton, 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: Turn‑key, full‑service vape shop business opportunity.; Extensive selection of 500 flavors caters to a broad customer base.; High‑traffic location on Business Route 6 with easy access.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark DeStefano
    Real Estate License ID: PA RS326807
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    816 Scranton Carbondale Hwy, Scranton, PA 18508
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!