Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1554 Gardner Ave, Unit L17 Scranton, PA 18509
    Back to Search
    Property profile & analytics

    1554 Gardner Ave, Unit L17, Scranton, PA 18509

    View on Map
    • Grocery and convenience stores
    • 3,250 SF
    For Sale
    $179,000
    View Listing →
    Scranton Commercial Property For Sale For Sale
    $179,000
    3,250 SF

    Scranton Commercial Property For Sale

    Commercial property in Scranton, PA, suitable for diverse business ventures.

    1554 Gardner Avenue L17, Scranton, PA 18509
    View Listing
    Property ID
    US73-5730187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Primaveras Pizza / Restaurant

    Property Details for 1554 Gardner Ave

    Property type
    Grocery and convenience stores
    Property subtype
    Office Units

    Description

    Green Ridge St, right on Gardner. Property on left Business - Scranton, PA Calling all business owners! This beautiful Commercial Property just dropped their asking price and is ready for new owners with new business adventures. What was once a very successful pizza/ pasta house is looking for someone that might be interested in opening a Mexican,Lebanese, Thai, Indian, Meditteranean restaurant to name a few. In our very diverse city and Prime Location the possibilities are endless.Other ideas that might interest you could be Office space, Urgent Care Facility, Convenient store or even a catering business. Many opportunities.Selling the building and all equipment. Zoning I-L: Light CommercialPlease confirm all business ideas with zoning.All information is approximate not warranted or guaranteed*,

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6577017
    Latitude
    41.4316648

    Comparable in this City

    • Contact for pricing
      7,000 SF

      Downtown Scranton Development Opportunity

      Prime mixed-use development site near Lackawanna College.
      515 Wyoming Ave, Scranton, PA 18509
      View Details
    • $449,900
      7,000 SF

      Prime Scranton Development Opportunity

      Two-story mixed-use building in downtown Scranton near Lackawanna College.
      515 Wyoming Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      1,700 SF

      Corner Property Ready for Business

      Corner property suitable for various businesses with high visibility.
      1941 Boulevard Ave, Scranton, PA 18509
      View Details
    • $425,000
      4,300 SF

      Turnkey Bar & Restaurant with Income

      Fully updated bar and restaurant with apartment income.
      932 Wyoming Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      13,850 SF

      Former Personal Care Home

      Former personal care home suitable for various uses.
      Sanderson Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      1,700 SF

      Commercial Property with Office Building

      Commercial property with 1,700 sq ft office building for sale.
      1231 Wyoming Ave, Scranton, PA 18509
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Downtown Scranton Development Opportunity

      Prime mixed-use development site near Lackawanna College.
      515 Wyoming Ave, Scranton, PA 18509
      View Details
    • $449,900
      7,000 SF

      Prime Scranton Development Opportunity

      Two-story mixed-use building in downtown Scranton near Lackawanna College.
      515 Wyoming Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      1,700 SF

      Corner Property Ready for Business

      Corner property suitable for various businesses with high visibility.
      1941 Boulevard Ave, Scranton, PA 18509
      View Details
    • $425,000
      4,300 SF

      Turnkey Bar & Restaurant with Income

      Fully updated bar and restaurant with apartment income.
      932 Wyoming Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      13,850 SF

      Former Personal Care Home

      Former personal care home suitable for various uses.
      Sanderson Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      1,700 SF

      Commercial Property with Office Building

      Commercial property with 1,700 sq ft office building for sale.
      1231 Wyoming Ave, Scranton, PA 18509
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      26,122 SF

      Downtown Scranton Versatile Commercial Space

      Flexible commercial space suitable for various business types.
      541 Wyoming Ave, Scranton, PA 18509
      View Details
    • $13 SF/Yr
      26,122 SF

      Downtown Scranton Versatile Commercial Space

      Flexible commercial space suitable for office, retail, or food-service.
      541 Wyoming Ave, Scranton, PA 18509
      View Details
    • $10 SF/Yr
      3,250 SF

      Turnkey Commercial Space in Scranton

      Versatile commercial property suitable for various business needs.
      1805 Sanderson Ave, Scranton, PA 18509
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      High-traffic shopping center with strong tenant mix near downtown Scranton.
      199 Green Ridge St, Scranton, PA 18509
      View Details
    • Contact for pricing
      42,000 SF

      Grocery-Anchored Retail Space Available

      Retail space in high-traffic shopping center, Scranton, PA.
      1600-1624 Nay Aug Ave, Scranton, PA 18509
      View Details
    • Contact for pricing
      40,000 SF

      Prime Retail Pad Site Available

      1-acre pad site with high visibility and accessibility.
      201 Green Ridge St, Scranton, PA 18509
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1554 Gardner Ave, Unit L17
    Scranton, PA 18509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1554 Gardner Ave, Scranton, PA, 18509
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!