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    Turn-Key Automotive Facility For Sale Title is generated by Realmo AI

    991 Providence Road, Scranton, PA 18508

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    Claim this Listing
    For Sale
    $425,000

    COMMERCIAL - Scranton, PA

    Property size:
    3,082 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $137/SF
    Added:
    Feb 1, 2025
    Days on Market:
    476
    Last Refresh:
    May 23 at 5:06 pm

    Property Features for 991 Providence Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    N
    Parking features
    Open, Off Street, Paved or Surfaced, Parking Lot, Garage
    Security features
    Security System
    Fencing
    Chain Link
    Standard status
    Active
    APN
    1450704006404
    Size
    3,082 SF
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    225X120 Bldg & Land W-21 B-0070 L-0Ap0 P-
    Tax Annual Amount
    7470

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block, T1-11, Concrete
    Roof type
    Rolled Hot Mop, Rubber

    We can help!

    Listing Contact
    Sherri Hoban
    Sherri Hoban

    Listing agent Sherri Hoban

    Listing office C21 Jack Ruddy Real Estate 111 W Drinker St, Dunmore, PA

    Listing date Feb 1, 2025

    MLS# SC250475

    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

    • Turn‑key 4‑bay automotive facility with equipment, fixtures, and business included in sale.
    • High‑traffic location with 225 feet of road frontage on 0.62 acres.
    • Flexible layout suitable for automotive service, transmission specialty, contractor use, warehouse, light industrial, or mixed‑use applications.
    • Four drive‑in garage bays with vehicle lifts and front/side garage access (seven total doors).
    • On‑site parking with additional yard space, level lot, and paved access.
    • Public utilities, natural gas heat, and 200+ amp electrical service.

    Overview

    A turn-key, four-bay automotive facility is available for sale at 991 Providence Road in North Scranton. The property features a 3,082 square foot block and concrete building situated on 0.62 acres. It has 225 feet of road frontage along a high-traffic corridor. The building includes four drive-in garage bays, vehicle lifts, an oil-burning heater, a parts cleaner, and concrete floors. It also features 200+ amp electrical service, natural gas heat, and public utilities. On-site parking is available, along with additional yard space. The building has front and side garage access, seven total doors, private restrooms, and a security system. The flexible layout is suitable for automotive service, transmission specialty, contractor use, warehouse, light industrial, or mixed-use applications. The property is zoned 'Other', and the buyer is responsible for verifying permitted uses. The sale includes land, building, and business assets. The property has established automotive use with equipment, fixtures, and the business included in the sale. The level lot has paved access, partial chain link fencing, and strong visibility near Weston Park, Scranton High School, downtown Scranton, and major commercial corridors.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $321.8K
    NOI $28,963 @ 9.00% cap · cautious / downside scenario
    Moderate
    $413.8K
    NOI $28,963 @ 7.00% cap · market / base-case scenario
    Aggressive
    $579.3K
    NOI $28,963 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $46.2k $15.00
    − Vacancy −$4.9k −$1.58
    EGI $41.4k $13.43
    − OpEx −$12.4k −$4.03
    NOI $29.0k $9.40
    3,082 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $413.8K
    $362.0K – $482.7K (±1% cap)
    NOI $28,963 @ 7.0% cap · market cap 6.81%
    Second Best
    Industrial
    $256.9K
    $224.8K – $299.7K (±1% cap)
    NOI $17,983 @ 7.0% cap · market cap 4.23%
    Theoretical Best
    Office A
    $782.3K
    $684.5K – $912.7K (±1% cap)
    NOI $54,759 @ 7.0% cap · market cap 12.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mistech Transmission Shops ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.666853
    Latitude
    41.424933

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    FAQs

    What type of property is this?
    Auto shop - Four-bay automotive facility on 0.62 acres in North Scranton.
    Where is this auto shop located?
    The property is located at 991 Providence Road 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 automotive facility with equipment, fixtures, and business included in sale.; High‑traffic location with **225 feet of road frontage** on 0.62 acres.; Flexible layout suitable for automotive service, transmission specialty, contractor use, warehouse, light industrial, or mixed‑use applications.
    (570) 561-6741
    We can help!
    Listing Contact
    Sherri Hoban
    Sherri Hoban
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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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