Property profile

1790 Keyser Ave Scranton, PA 18508

OFF-MARKET
Super regional malls
Property ID
US73-4108738
23.42 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents 15,600 square feet of vacant retail space within the thriving Keyser Oak Shopping Center in Scranton, PA. Located at 1790 N Keyser Ave, at the highly trafficked intersection of Keyser Ave and North Scranton Expressway (Route 11), this grocery-anchored center boasts a total of 170,000 square feet across two buildings. Strong existing tenants include Gerrity's Supermarket (with Pharmacy), Ollie's Bargain Outlet, Just Cabinets, Dollar Tree, and Goodwill. The center benefits from excellent visibility and accessibility, situated at a four-way interchange to Route 11, ensuring high traffic volume. North Keyser Avenue sees 14,600 vehicles per day, while the North Scranton Highway boasts over 33,000 VPD. Ample parking is available. The surrounding area is densely populated, with a three-mile radius encompassing nearly 72,000 people and average household incomes exceeding $54,000 annually. This prime location, coupled with the existing strong tenant mix, presents a compelling opportunity for expansion or new retail ventures. The property offers significant potential for growth and return on investment within a vibrant commercial corridor. The available space is ideal for a variety of retail uses. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Lot 23.42 ac (1,020,175 SF)
APN 12319030002
UPID US73-4108738

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Discount Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Furniture & Home Goods

Location

1790 Keyser Ave Scranton, PA 18508-1248
Scranton metro Census 101200 SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$105k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2021
Last sale
$141,745
3 recorded transactions
2021
$141,745
2021
Price N/A
2015
$11.8M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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