$615,000
Stroudsburg, PA 18360
MLS# PM-85779
Status: Closed
4078 sqft
1 / 5
Property Description
Own a piece of history in Stroudsburg with Kays Tavern located at 550 Main St. Present owner has been serving the community successfully for over 50 years and has decided it is time to retire. The second floor consists of a 2 bedroom apartment plus 3 boarding rooms, and the third floor has a 4 bedroom apartment that generates approximately $2,500 per month in rent.
Details
Maps
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $615,000
Current Price: $615,000
Status: Closed
Listing Contract Date: 2021-03-20
Location, Tax, and Legal
Parcel Number: 18-2.2.5.2
Municipality: Stroudsburg Borough
High School District: Stroudsburg Area
Cnty&Muni Taxes (Legacy): 3927.42
School Tax Amount: 9984.25
Tax Annual Amount: 13911.66
Tax Assessed Value: 390620
Tax Book Number: 920/334
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 784
Building Area Source: Public Records
Stories: 1
Year Built Source: Other
Business Name: Kays Tavern
Lot Size Acres: 0.08
List Price/SqFt: 159.37
Sold Price/SqFt: 150.81
Building Area Total: 4078
Year Built: 1902
Remarks and Miscellaneous
Public Historical Remarks: Road Type: Twp-rd, Miscellaneous: Zoning Code C-2
Public Remarks: Own a piece of history in Stroudsburg with Kays Tavern located at 550 Main St. Present owner has been serving the community successfully for over 50 years and has decided it is time to retire. The second floor consists of a 2 bedroom apartment plus 3 boarding rooms, and the third floor has a 4 bedroom apartment that generates approximately $2,500 per month in rent.
Business Type
Bar/Tavern/Lounge: 1
Restaurant: 1
Special Licenses
Liquor: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Multi-Family: 1
Building Features
Equipment Warranty: 1
Fixtures Included: 1
Rail Road Track
None: 1
Construction Materials
Brick: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Heating
Natural Gas: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Lot Features
Corner Lot: 1
Road Frontage Type
See Remarks: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 500
Street Name: Main
Street Suffix: Street
City (Post Office): Stroudsburg
State: PA
Postal Code: 18360
Status Change Information
Purchase Contract Date: 2021-04-08
Close Date: 2021-10-14
Close Price: 615000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Multi-Family
Business Type: Bar/Tavern/Lounge; Restaurant
Special Licenses: Liquor
Building Features: Equipment Warranty; Fixtures Included
Rail Road Track: None
Construction Materials: Brick
Cooling: Central Air; Wall/Window Unit(s)
Heating: Natural Gas
Sewer: Public Sewer
Parking Features: On Site
Lot Features: Corner Lot
Road Frontage Type: See Remarks
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office: SER Commercial Real Estate, LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.