Turn-Key Automotive Service
For Sale
Contact for pricing
991 Providence Rd, Scranton, PA 18508
A four-bay, drive-in automotive facility with vehicle lifts, concrete floors, and utilities in place for immediate operations.
Property Size3,082 SF
Lot Size0.62 Acres
Price / SF$137.90
Days on Market60
Property Features for 991 Providence Rd
General Information
Standard status
Active
Size
3,082 SF
Lot size
0.62 Acres
Property subtype
RETAIL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
4
Heavy Power
Yes
Additional Details
Business Included
Yes
Service Bays
4
Listing Agency:
CENTURY 21 Jack Ruddy Real Estate
(570) 344-6724
Listed By:
Sherri Hoban
Source:
Moodyscre
Added: Jun 23
Changed: Aug 11
Last Checked: Aug 20 at 8:11AM
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 CENTURY 21 Jack Ruddy Real Estate
Investment Insights
Based on property information with market context.
This turn-key automotive facility offers a block-and-concrete building configured with four drive-in garage bays. The space is supported by vehicle lifts, oil-burning heater, parts cleaner, and concrete floors designed for automotive work. The property also includes a 200+ amp electrical service and natural gas heat, along with public utilities to support day-to-day operations.
Situated on 0.62 acres, the property provides 225 feet of road frontage along a high-traffic corridor. The drive-in bay layout supports vehicle access for service, inspection, and light repair workflows.
For buyers seeking an automotive-ready location, the existing bay configuration, lifts, and in-place mechanical and electrical systems reduce the need for major initial buildout. The combination of drive-in bays, service-support equipment, and vehicle-friendly interior improvements makes the property a practical fit for an owner-operator or an automotive services business looking to maintain continuity of operations.
Situated on 0.62 acres, the property provides 225 feet of road frontage along a high-traffic corridor. The drive-in bay layout supports vehicle access for service, inspection, and light repair workflows.
For buyers seeking an automotive-ready location, the existing bay configuration, lifts, and in-place mechanical and electrical systems reduce the need for major initial buildout. The combination of drive-in bays, service-support equipment, and vehicle-friendly interior improvements makes the property a practical fit for an owner-operator or an automotive services business looking to maintain continuity of operations.
Key Highlights
- Turn‑key 4‑bay, drive‑in automotive facility at 991 Providence Road in North Scranton
- 3,082 SF block and concrete building on 0.62 acres with 225 ft of road frontage on a high‑traffic corridor
- Four drive‑in garage bays with vehicle lifts for automotive service work
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,260
$579.3K
Cap Rate 7%
$413,757
$413.8K
Cap Rate 9%
$321,811
$321.8K
Market Conditions
NOI Build-Up for 3,082 SF
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.
Gross rent
$46.2K $15.00/SF
− Vacancy
−$4.9K −$1.58/SF
EGI
$41.4K $13.43/SF
− OpEx
−$12.4K −$4.03/SF
NOI
$29.0K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,260
Cap Rate 7%
$413,757
Cap Rate 9%
$321,811
Alternative Uses
Best Use
Retail
$413.8K
$362.0K – $482.7K
NOI $28,963 @ 7.0% cap · market cap 6.81%
Second Best
Industrial
$256.9K
$224.8K – $299.7K
NOI $17,983 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$782.3K
$684.5K – $912.7K
NOI $54,759 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
4
Service bays
Turnkey business
Opportunity
Yes
Heavy power
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
Dunkin' Donuts
Dining
15,809 visits/mo
0.4 miles
Exxon
Shops & Services
5,140 visits/mo
0.4 miles
Domino's Pizza
Dining
1,789 visits/mo
0.4 miles
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- A & N Auto Service — Scranton, PA 18508
- Fezuks Auto — 416 N Main Ave, Scranton, PA 18504
- Cantafio's Collison Center — 531 Gordon Ave, Scranton, PA 18508
- Fezuk's Garage — 416 n main ave, scranton, pa 18504
- OLIVE STREET AUTOMOTIVE SERVICE — 114 W Olive St, Scranton, PA 18508
Frequently Asked Questions
What type of property is this?
Auto shop - A four-bay, drive-in automotive facility with vehicle lifts, concrete floors, and utilities in place for immediate operations.
Where is this auto shop located?
The property is located at 991 Providence Rd 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: Turn‑key 4‑bay, drive‑in automotive facility at 991 Providence Road in North Scranton; 3,082 SF block and concrete building on 0.62 acres with 225 ft of road frontage on a high‑traffic corridor; Four drive‑in garage bays with vehicle lifts for automotive service work
