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    Turnkey Bar & Restaurant with Income Title is generated by Realmo AI

    932 934 Wyoming Avenue, Scranton, PA 18509

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    For Sale
    $425,000

    COMMERCIAL - Scranton, PA

    Property size:
    4,300 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $98/SF
    Added:
    Jun 21, 2025
    Days on Market:
    339
    Last Refresh:
    May 25 at 5:06 pm

    Property Features for 932 934 Wyoming Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Parking features
    On Street
    Security features
    Security System
    Exterior features
    Outdoor Grill
    Standard status
    Active
    APN
    1465302000101
    Size
    4,300 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6057

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas, Electric (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Thomas Exeter

    Listing agent Thomas Exeter License #RS353357

    Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA

    Listing date Jun 21, 2025

    MLS# SC253020

    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

    • Turnkey, fully renovated bar and restaurant ready for immediate operation.
    • Includes a rental apartment generating $1,400/month in income.
    • Prime location in a high‑traffic area with strong local support.
    • Recent updates include new siding, windows, flooring, electrical, plumbing, and a state‑of‑the‑art camera system.
    • Features a redesigned kitchen, new draft beer system, beer coolers, commercial ice machine, and updated bathrooms.
    • Seating for 65 guests inside plus an outdoor patio for 12, pool table, and space for live music.

    Overview

    This property features a fully updated bar and restaurant with apartment income. The well-established business has been completely renovated inside and out. Recent updates include new siding, new front glass doors, all new windows, fresh paint throughout, brand-new flooring, updated electrical and plumbing systems, and a state-of-the-art camera system. The interior boasts a spacious round bar layout, ductless A/C, and a private back room with a curtain divider. The kitchen has been redesigned, and the bathrooms have been updated. A new draft beer system, new beer coolers, and a commercial ice machine are in place, along with new tables and chairs, including seating for 12 on the outdoor patio. Inside, there's seating for 65 guests, plus the outdoor patio area. Entertainment includes a pool table and live music. The business also generates income from amusement machines and a rental apartment upstairs, bringing in $1,400/month. Located in a high-traffic area, the property is 4,300 square feet in size and sits on a 0.08-acre lot. The property is zoned C. The property is intended for use as a bar, restaurant, retail property, apartment building, multifamily property, or residential income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thirsty Elephant Bar & Pub Pour Boys Bar Bar & Pub

    Suggested Use

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

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

    Similar Places Nearby

    • Starbucks — Monroe, 1302 Linden St, Scranton, PA 18510
    • The Roof at Oppenheim — 409 Lackawanna Ave, Scranton, PA 18503
    • Trax Bar & Kitchen — 700 Lackawanna Ave #101, Scranton, PA 18503
    • Carmen's — 700 Lackawanna Ave #102, Scranton, PA 18503
    • Bartari — 101 Adams Ave, Scranton, PA 18503

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.655156
    Latitude
    41.417695

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    FAQs

    What type of property is this?
    Bar & Pub - Fully updated bar and restaurant with apartment income.
    Where is this bar & pub located?
    The property is located at 932 934 Wyoming Avenue Scranton, PA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Turnkey, fully renovated bar and restaurant ready for immediate operation.; Includes a rental apartment generating $1,400/month in income.; Prime location in a high‑traffic area with strong local support.
    (570) 499-3333
    We can help!
    Listing Contact
    Thomas Exeter
    Real Estate License ID: RS353357
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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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