$350,000
Stroudsburg, PA 18360
MLS# PM-109724
Status: Closed
3400 sqft
1 / 15
Property Description
Investment with upside on US Highway 209 Exposure! 3-story 4 Unit commercial building located on the corner of Beaver Valley Rd & Business Route 209 with frontage along US 209 Southbound. Building size 4,000 +/- SF total consisting of 4 units, all presently leased. Completely renovated residential apartment upstairs with 3 commercial tenants on ground floor. Gross annual rent $60,300. Plenty of onside parking. All new light box signage installed. Investment upside in below market rents and escalations. A potential new billboard construction along US Route 209.
Details
Maps
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $350,000
Current Price: $350,000
Status: Closed
Listing Contract Date: 2023-09-26
Location, Tax, and Legal
Parcel Number: 07.6.1.49-4
Municipality: Hamilton Township
High School District: Stroudsburg Area
Cnty&Muni Taxes (Legacy): 1078.58
School Tax Amount: 8115.14
Tax Annual Amount: 9193.71
Tax Assessed Value: 305000
Tax Book Number: 2503/9388
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 3400
Building Area Source: Estimated
Stories: 2
Year Built Source: Estimated
Lot Size Acres: 3.52
List Price/SqFt: 175
Sold Price/SqFt: 102.94
Building Area Total: 3400
Year Built: 2001
Remarks and Miscellaneous
Public Historical Remarks: Road Type: Rt-way, Miscellaneous: Zoning Code C- Commercial
Public Remarks: Investment with upside on US Highway 209 Exposure! 3-story 4 Unit commercial building located on the corner of Beaver Valley Rd & Business Route 209 with frontage along US 209 Southbound. Building size 4,000 +/- SF total consisting of 4 units, all presently leased. Completely renovated residential apartment upstairs with 3 commercial tenants on ground floor. Gross annual rent $60,300. Plenty of onside parking. All new light box signage installed. Investment upside in below market rents and escalations. A potential new billboard construction along US Route 209.
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Cooling
Wall/Window Unit(s): 1
Heating
Electric: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Road Frontage Type
State Road: 1
See Remarks: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 6568
Street Name: Route 209
City (Post Office): Stroudsburg
State: PA
Postal Code: 18360
Status Change Information
Purchase Contract Date: 2024-01-31
Close Date: 2024-04-08
Close Price: 350000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Cooling: Wall/Window Unit(s)
Heating: Electric
Water Source: Well
Sewer: Septic Tank
Road Frontage Type: State Road; See Remarks
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: TACM Commercial Realty Inc.
Last Updated: February - 20 - 2025
Information deemed reliable but not guaranteed.