1941 Boulevard Avenue Scranton, PA 18509
Corner property suitable for various businesses with high visibility.
Property Features for 1941 Boulevard Avenue
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Special Purpose, Land
Listing office Coldwell Banker Town & Country Real Estate
Listing date Aug 27, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Opportunity to own a building instead of renting.
- Excellent high‑traffic corner location with parking and visibility.
- Ready to open convenience store or other business with new infrastructure (sign, A/C & heating, electrical, paint, lights).
Local Financial Insights For Specialty 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 | $25.5k | $15.00 |
| − Vacancy | −$1.1k | −$0.63 |
| EGI | $24.4k | $14.37 |
| − OpEx | −$6.1k | −$3.59 |
| NOI | $18.3k | $10.78 |
Alternative Uses
Property Analytics
Current Use by Public Records
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Similar Off Market Nearby
- Lao Asian Market — 1813 N Main Ave, Scranton, PA 18508