Freestanding Restaurant
For Sale
$799,000
900 Oak Street, Pittston, PA 18640
COMMERCIAL - Pittston, PA
Property Size5,100 SF
Lot Size2.00 Acres
Price / SF$156.67
Days on Market85
Property Features for 900 Oak Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Elementary school district
Pittston
Middle school district
Pittston
High school district
Pittston
Directions
From 9 N. Main / Right on William / Right on S. Township Boulevard / Left on Oak / Continue / Property on Left
Subdivision
Pittston
Standard status
Active
APN
E1200A01Z001-51
Size
5,100 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Annual Amount
7094
Listing Agency:
Jonathan J. Nelson Real Estate
(570) 212-9583
Listed By:
Jonathan J. Nelson · License #RM425467
(570) 793-3539
Added: May 24
Changed: Aug 4
Last Checked: Aug 16 at 9:06PM
MLS# 25-2150
Copyright © 2026 Luzerne County Association of REALTORS®. 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.
For sale is a freestanding restaurant building totaling 5,100 square feet, situated on a two-acre lot. The property is positioned to capture strong drive-by traffic exposure along a high-traffic corridor, with the seller noting traffic of over 20,000 vehicles per day. A proposed traffic light is planned at the entrance, intended to improve access and visibility for vehicles approaching the site.
The building is located just outside Mericle’s CenterPoint Commerce & Trade Park in Pittston, Pennsylvania. The remarks describe the surrounding area as one of NEPA’s active industrial hubs, with over 5,000 employees and 13.8M+ square feet of developed space. Zoning is listed as Commercial.
With its standalone lot and corridor-facing positioning, the property offers a straightforward configuration for a restaurant operator seeking direct road access within a commercially oriented setting.
The building is located just outside Mericle’s CenterPoint Commerce & Trade Park in Pittston, Pennsylvania. The remarks describe the surrounding area as one of NEPA’s active industrial hubs, with over 5,000 employees and 13.8M+ square feet of developed space. Zoning is listed as Commercial.
With its standalone lot and corridor-facing positioning, the property offers a straightforward configuration for a restaurant operator seeking direct road access within a commercially oriented setting.
Key Highlights
- 5,100 SF building on a 2‑acre lot just outside Mericle's CenterPoint Commerce & Trade Park
- High‑traffic frontage along a corridor with 20,000+ vehicles per day
- Proposed traffic light planned at the property entrance
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
$54,965
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
6.88%
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%
$1,099,300
$1.1M
Cap Rate 7%
$785,214
$785.2K
Cap Rate 9%
$610,722
$610.7K
Market Conditions
NOI Build-Up for 5,100 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
$76.5K $15.00/SF
− Vacancy
−$3.2K −$0.63/SF
EGI
$73.3K $14.37/SF
− OpEx
−$18.3K −$3.59/SF
NOI
$55.0K $10.78/SF
Area
Luzerne County, PA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,099,300
Cap Rate 7%
$785,214
Cap Rate 9%
$610,722
Alternative Uses
Best Use
Specialty Retail
$785.2K
$687.1K – $916.1K
NOI $54,965 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.88M
NOI $113,098 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
69k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 34%
Hotels & Casinos 1%
Home Improvements & Furnishings 1%
McDonald's
Dining
33,977 visits/mo
0.1 miles
Exxon
Shops & Services
16,814 visits/mo
0.1 miles
Arby's
Dining
10,539 visits/mo
0.1 miles
Sunoco
Shops & Services
6,693 visits/mo
0.2 miles
Knights Inn
Hotels & Casinos
637 visits/mo
0.2 miles
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
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?
Conventional restaurant - 5,100 SF restaurant building on two-acre lot with high-traffic visibility and a proposed entrance traffic light.
Where is this conventional restaurant located?
The property is located at 900 Oak Street Pittston, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,100 SF building on a 2‑acre lot just outside Mericle's CenterPoint Commerce & Trade Park; High‑traffic frontage along a corridor with 20,000+ vehicles per day; Proposed traffic light planned at the property entrance
