$1,950,000
Tannersville, PA 18372
MLS# PM-112352
Status: Closed
13994 sqft
1 / 85
Property Description
AMAZING POCONO REDEVELOPMENT OPPORTUNITY! OUTSTANDING LOCATION! A RARE JEWEL! Property being sold AS IS. Commercial 5.349 acres parcel adjacent to beautiful TLC Park in Tannersville, PA. & directly across from Wendys. Parcel has 366' road frontage on SR-611 & recorded PennDOT Low Volume Driveway HOP (up to 1500 ADT), central water & sewer, 3-Phase Electric & Includes 10 Unit Multi-Family, a Duplex, a former Commercial Bakery (including all equipment), Owner's woodworking shop, former Bakery Retail Space used by Owner, Barn & Sheds. Property boasts Stormwater detention basin & outlet w/ underground drainage, flat lot, sprawling lawns, 6' high bluestone walls, nature trails along Pocono Creek and more.
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $1,950,000
Current Price: $1,950,000
Status: Closed
Listing Contract Date: 2024-01-26
Location, Tax, and Legal
Parcel Number: 12/8/2/10
Municipality: Pocono Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 3464.89
School Tax Amount: 12902.11
Tax Annual Amount: 16367
Tax Assessed Value: 574960
Tax Book Number: 2428/6786
Zoning Description: Commercial
General Property Information
Building Area Source: Estimated
Stories: 3
Number Of Buildings: 3
Basement YN: Yes
Parking Total: 25
Lot Size Acres: 5.35
Lot Size Dimensions: rectangular
List Price/SqFt: 150.06
Sold Price/SqFt: 139.35
Building Area Total: 13994
Year Built: 1902
Currently Not Used
Number Of Units Total: 12
Remarks and Miscellaneous
Public Historical Remarks: Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code C-1, Miscellaneous: Cert of Occ Req'd No
Public Remarks: AMAZING POCONO REDEVELOPMENT OPPORTUNITY! OUTSTANDING LOCATION! A RARE JEWEL! Property being sold AS IS. Commercial 5.349 acres parcel adjacent to beautiful TLC Park in Tannersville, PA. & directly across from Wendys. Parcel has 366' road frontage on SR-611 & recorded PennDOT Low Volume Driveway HOP (up to 1500 ADT), central water & sewer, 3-Phase Electric & Includes 10 Unit Multi-Family, a Duplex, a former Commercial Bakery (including all equipment), Owner's woodworking shop, former Bakery Retail Space used by Owner, Barn & Sheds. Property boasts Stormwater detention basin & outlet w/ underground drainage, flat lot, sprawling lawns, 6' high bluestone walls, nature trails along Pocono Creek and more.
Unit Details
Efficiency: 5
1 Bedroom: 5
2 Bedroom: 2
Income and Expenses
Gross Income: 135000
Net Operating Income: 80909
Insurance Expense: 1065
New Taxes Expense: 16367
Electric Expense: 8507
Heat Expense: 8000
Trash Expense: 6038
Maintenance Expense: 3000
Other Expense: 6750
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
See Remarks: 1
Unit 1
SqFt Total: 923
Unit 2
SqFt Total: 320
Unit 3
SqFt Total: 320
Unit 4
SqFt Total: 923
Unit 5
SqFt Total: 923
Unit 6
SqFt Total: 600
Unit 7
SqFt Total: 923
Unit 8
SqFt Total: 923
Unit 9
SqFt Total: 320
Laundry Features
Electric Dryer Hookup: 1
Gas Dryer Hookup: 1
Washer Hookup: 1
Construction Materials
Fiber Cement: 1
Wood Siding: 1
Roof
Other: 1
Electric
100 Amp Service: 1
200+ Amp Service: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Heating
Baseboard: 1
Electric: 1
Oil: 1
Propane: 1
Other: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Well: 1
Sewer
Public Sewer: 1
Cesspool: 1
Road Frontage Type
Road Frontage Length: 366
State Road: 1
Road Surface Type
Gravel: 1
Location Tax and Legal
County: Monroe
Street Number: 103
Street Name: Kennys Way
City (Post Office): Tannersville
State: PA
Postal Code: 18372
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2024-03-04
Close Date: 2024-05-31
Close Price: 1950000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow; See Remarks
Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup
Construction Materials: Fiber Cement; Wood Siding
Roof: Other
Electric: 100 Amp Service; 200+ Amp Service
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Baseboard; Electric; Oil; Propane; Other
Appliances: Water Heater
Security Features: Smoke Detector(s)
Water Source: Public; Well
Sewer: Public Sewer; Cesspool
Road Frontage Type: State Road
Road Surface Type: Gravel
Listing Office: Jennifer Ann Wise Realty
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.