Equipped Automotive Service
New
For Sale
$338,000
991 Providence Road, Scranton, PA 18508
COMMERCIAL - Scranton, PA
Property Size3,082 SF
Lot Size0.62 Acres
Price / SF$109.67
Days on Market4
Property Features for 991 Providence Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
N
Parking features
Covered, Garage
Security features
Security System
Fencing
Chain Link
Lot features
City Lot, Irregular Lot, Paved, Near General Business, Near Complex, Near Central Business District
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Main Ave. to Providence Rd. Property is across from Weston Park.
Standard status
Active
APN
1450704006404
Size
3,082 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
225X120 Bldg & Land W-21 B-0070 L-0Ap0 P-
Tax Annual Amount
7470
Legal Description
225X120 Bldg & Land W-21 B-0070 L-0Ap0 P-
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
security system
private restrooms
concrete flooring
200+ amp electrical service
natural gas heat
oil-burning heater
parts cleaner
vehicle lifts
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Concrete, Laminate
Building materials
Block, Concrete, T1-11
Roof type
Rolled Hot Mop, Rubber
Listing Agency:
CLASSIC PROPERTIES
(570) 587-7000
Listed By:
Marcy A Curra
(570) 575-3786
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 17 at 1:06AM
MLS# SC264027
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.
Investment Insights
Based on property information with market context.
This 3,082-square-foot automotive facility sits on 0.62 acres and includes a block-and-concrete building with four drive-in service bays. Front and side bay access, vehicle lifts, concrete flooring, private restrooms, and seven overhead and access doors support a range of service-oriented operations. The property has 200+ amp electrical service, natural gas heat, public water, public sewer, a security system, and partial chain-link fencing. The sale includes the land, building, and existing building assets.
Approximately 225 feet of frontage places the property along a high-traffic corridor directly across from Weston Park. Scranton High School is one-half mile away, and the site offers access to major roadways. The layout and installed improvements have supported automotive operations and may accommodate other uses subject to permitted-use verification and buyer due diligence.
Approximately 225 feet of frontage places the property along a high-traffic corridor directly across from Weston Park. Scranton High School is one-half mile away, and the site offers access to major roadways. The layout and installed improvements have supported automotive operations and may accommodate other uses subject to permitted-use verification and buyer due diligence.
Key Highlights
- 3,082‑square‑foot automotive facility on 0.62 acres
- Four drive‑in service bays with front and side access
- Seven overhead and access doors plus vehicle lifts
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
8.57%
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 8.57%
Second Best
Industrial
$256.9K
$224.8K – $299.7K
NOI $17,983 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$782.3K
$684.5K – $912.7K
NOI $54,759 @ 7.0% cap · market cap 16.20%
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
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- 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 - Block-and-concrete commercial building with service bays, vehicle lifts, and front and side access.
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 $338,000.
What are key features of this property?
This property features: 3,082‑square‑foot automotive facility on 0.62 acres; Four drive‑in service bays with front and side access; Seven overhead and access doors plus vehicle lifts
