968 Prescott Ave Scranton, PA 18510
Former bank building suitable for redevelopment or custom build-out.
Property Features for 968 Prescott Ave
General Information
- Standard status
- Active
- Size
- 4,475 SF
Listing office Christian Saunders Real Estate C.S. Branch (570) 885-5889
Listing date Apr 19, 2026
Source Exprealty
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 Christian Saunders Real Estate C.S. Branch
Investment Insights
Based on property information with market context.
Key Highlights
- Premier redevelopment opportunity in a high‑traffic, highly visible location.
- Adaptable layout suitable for retail, medical, or mixed‑use conversion.
- Blank slate interior with floors removed, offering design flexibility.
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 | $67.1k | $15.00 |
| − Vacancy | −$2.8k | −$0.63 |
| EGI | $64.3k | $14.37 |
| − OpEx | −$16.1k | −$3.59 |
| NOI | $48.2k | $10.78 |
