1182 Pocono Boulevard, Mount Pocono, PA 18344
$542,500
Property Type:
Commercial Sale
Square Footage:
4,494
Lot Size (sq. ft.):
73,181
Status:
Closed
Current Price:
$542,500
List Date:
5/27/2022
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-97514
General Property Information
- Above Grade Finished Area
- 4494
- Building Area Total
- 4494
- Building Area Source
- Public Records
- Stories
- 2
- Year Built
- 1947
- Year Built Source
- Other
- Lot Size Acres
- 1.68
- List Price/SqFt
- 133.51
- Sold Price/SqFt
- 120.72
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Current Use:
Commercial; Residential
Possible Use:
Multi-Family; Retail
Business Type:
Professional Service
Building Features:
Other
Cooling:
Wall/Window Unit(s)
Heating:
Electric
Water Source:
Well
Sewer:
Public Sewer
Parking Features:
On Site
Lot Features:
Corner Lot
Road Frontage Type:
State Road
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2022-05-27
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Monroe
- Street Number
- 1182
- Street Name
- Pocono
- Street Suffix
- Boulevard
- City (Post Office)
- Mount Pocono
- State
- PA
- Postal Code
- 18344
Remarks and Miscellaneous
- Public Historical Remarks
- Location: FreeStnd, Miscellaneous: Zoning Code C-2- Commercial
- Public Remarks
- Good upside potential - 5 Unit Mixed Use Investment. Buildings consist of a single residence, 2 commercial units and (2) 2 bedroom apartments. Asset presently generating annual rents of $54,600 plus an available 2 bedroom 1 bath home occupied by the owner with a market rent value of $1,600/mo. Combined the annual revenue would approximate $73,800. Additional cash flow improvement through below market rents & building expansions on a flat cleared corner site. Property well maintained and the commercial building was completely rebuilt in 2003. Serviced by central sewer and on-site water with plenty of on-site parking. Priced at an attractive 7.5+% cap rate with rather immediate future upside.
Status Change Information
- Purchase Contract Date
- 2022-09-16
- Close Date
- 2023-02-10
- Close Price
- 542500
More Information
Location, Tax, and Legal
- Parcel Number
- 10.6.1.2
- Municipality
- Mount Pocono Borough
- High School District
- Pocono Mountain
- Cnty&Muni Taxes (Legacy)
- 4729.81
- School Tax Amount
- 10783.93
- Tax Annual Amount
- 15513.75
- Tax Assessed Value
- 541770
- Tax Book Number
- 1315/18
- Zoning Description
- Commercial
Business Type
- Professional Service
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Residential
- Yes
- Commercial
- Yes
Possible Use
- Retail
- Yes
- Multi-Family
- Yes
Building Features
- Other
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Heating
- Electric
- Yes
Water Source
- Well
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Lot Features
- Corner Lot
- Yes
Road Frontage Type
- State Road
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
