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    Scranton Commercial Space Available Title is generated by Realmo AI

    902 S Webster Avenue, Scranton, PA 18505

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    For Lease
    $800/Mo $11 SF/Yr (calc)

    COMMERCIAL - Scranton, PA

    Property size:
    820 SF
    Lot size:
    0.10 Acres
    Added:
    May 5, 2026
    Days on Market:
    9
    Last Refresh:
    May 13 at 5:06 am

    Property Features for 902 S Webster Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    R1
    Rooms
    Basement
    Parking features
    On Street
    Basement
    Full
    Standard status
    Active
    APN
    15620010032
    Size
    820 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    12 Months
    Tax Annual Amount
    1886

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Stucco
    Roof type
    Flat, Rubber

    We can help!

    Listing Contact
    Ann M Devereaux
    Ann M Devereaux

    Listing agent Ann M Devereaux License #AB068097

    Listing office CLASSIC PROPERTIES 324 S. State St., Clarks Summit, PA

    Listing date May 5, 2026

    MLS# SC262012

    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.

    HighLights

    • Commercial Kitchen Equipment: Includes Ansul System, double door stainless commercial refrigerator, triple sink, corner stove, and 2 ovens/grill.
    • Suitable for Restaurant/Food Service: Previously a successful pizza place.
    • Cooling: Equipped with 2 wall air conditioning units.
    • Flexible Lease Term: Available with a 12‑month lease.
    • Durable Construction: Features stucco construction and a flat rubber roof.
    • Utilities: Includes natural gas heating and public water source.

    Overview

    This commercial space, previously a successful pizza restaurant, is available for lease in Scranton, Pennsylvania. The property features an Ansul system, a double-door stainless commercial refrigerator, and a triple sink. It also includes a corner stove and two ovens/grills, along with two wall air conditioning units. The ceiling height ranges from 9 to 12 feet. The lease term is 12 months. The property size is 820 square feet and the lot size is 0.1 acres. The zoning is R1. The buyer or tenant is responsible for meeting all city requirements for their intended business use. Please note that there is no overhead door.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Electric City Subs Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store 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
    -75.664559
    Latitude
    41.394389

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space available for lease in Scranton, Pennsylvania.
    Where is this conventional restaurant located?
    The property is located at 902 S Webster Avenue Scranton, PA.
    What is the lease rate?
    The lease rate is $800 /Mo.
    What are key features of this property?
    This property features: Commercial Kitchen Equipment: Includes Ansul System, double door stainless commercial refrigerator, triple sink, corner stove, and 2 ovens/grill.; Suitable for Restaurant/Food Service: Previously a successful pizza place.; Cooling: Equipped with 2 wall air conditioning units.
    (570) 212-2038
    We can help!
    Listing Contact
    Ann M Devereaux
    Ann M Devereaux
    Real Estate License ID: AB068097
    Learn More
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    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.

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