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Corner Property Ready for Business

1941 Boulevard Avenue Scranton, PA 18509

1941 Boulevard Avenue, Scranton, PA, 18509
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Corner property suitable for various businesses with high visibility.

Property Size1,700 SF
Price / SF$147
AddedAug 27, 2024
Days on Market689
Last RefreshJul 13 at 7:23 am

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

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 Coldwell Banker Town & Country Real Estate


Investment Insights

Based on property information with market context.

Located at the corner of Deacon and Boulevard Avenue, this 1,700 square-foot property is ready for a convenience store or other business. The property features new signage, new air conditioning and heating, updated electrical work, new paint, and new lights. It benefits from excellent traffic and pedestrian activity and includes parking and a security camera. The location is suitable for various businesses, including a convenience, beer, vape, or smoke store. The ceiling height is up to 8 feet. This corner property offers high visibility to local traffic.

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
1,700 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$261.7K
$229.0K – $305.4K (±1% cap)
NOI $18,322 @ 7.0% cap · market cap 7.33%
Second Best
Retail
$228.2K
$199.7K – $266.3K (±1% cap)
NOI $15,976 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$431.5K
$377.6K – $503.4K (±1% cap)
NOI $30,204 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Real Estate Agency Parking Lot & Garage HVAC Service Law Firm Electrical Service Cafe & Coffee Shop Garden Center Furniture & Home Goods Butcher (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Lao Asian Market — 1813 N Main Ave, Scranton, PA 18508

FAQs

What type of property is this?
Grocery and convenience store - Corner property suitable for various businesses with high visibility.
Where is this grocery and convenience store located?
The property is located at 1941 Boulevard Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 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).
Contact an agent
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