1420 Pocono Boulevard, Mount Pocono, PA 18344
$575,000
Property Type:
Commercial Sale
Square Footage:
5,104
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$575,000
List Date:
6/23/2020
Last Modified:
5/09/2025
Description
10.3% CAP. Mixed-use investment for sale in Mount Pocono. The 6 unit consist of a tobacco store, salon and 4 apartments - currently 100% occupied. Residential units consist of two 1-bedroom apartments and two 2-bedroom apartments.
More Information MLS# PM-78470
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $575,000
Current Price: $575,000
Status: Closed
Listing Contract Date: 2020-06-23
Location, Tax, and Legal
Parcel Number: 10.8.5.17
Municipality: Mount Pocono Borough
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 2827.24
School Tax Amount: 6873.59
Tax Annual Amount: 9700.83
Tax Assessed Value: 345320
Tax Book Number: 2342/4610
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 5104
Stories: 1
Number Of Buildings: 1
Year Built Source: Other
Lot Size Acres: 0.3
Sign On Property YN: No
List Price/SqFt: 117.36
Sold Price/SqFt: 112.66
Building Area Total: 5104
Year Built: 1930
Remarks and Miscellaneous
Public Historical Remarks: Warranty: None, Roof: Ridged, Location: FreeStnd, Exterior Amenities: Sign, Ceiling: 0-9FT, Miscellaneous: Zoning Code C-1
Public Remarks: 10.3% CAP. Mixed-use investment for sale in Mount Pocono. The 6 unit consist of a tobacco store, salon and 4 apartments - currently 100% occupied. Residential units consist of two 1-bedroom apartments and two 2-bedroom apartments.
Unit Details
Number Of Units Leased: 6
Business Type
Barber/Beauty: 1
Convenience Store: 1
Income and Expenses
Cap Rate: 10.3
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Residential: 1
Commercial: 1
Possible Use
Residential: 1
Retail: 1
Investment: 1
Multi-Family: 1
Building Features
Ceiling Height: 9
Number of Levels: 2
Other: 1
Rail Road Track
None: 1
Construction Materials
Frame: 1
Roof
Other: 1
Cooling
Wall/Window Unit(s): 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Lot Features
Near Public Transit: 1
Road Frontage Type
Road Frontage Length: 62
State Road: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 1420
Street Name: Pocono
Street Suffix: Boulevard
City (Post Office): Mount Pocono
State: PA
Postal Code: 18344
Status Change Information
Purchase Contract Date: 2020-12-01
Close Date: 2021-03-19
Close Price: 575000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Commercial; Residential
Possible Use: Residential; Investment; Multi-Family; Retail
Business Type: Barber/Beauty; Convenience Store
Building Features: Other
Rail Road Track: None
Construction Materials: Frame
Roof: Other
Cooling: Wall/Window Unit(s)
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Parking Features: On Site
Lot Features: Near Public Transit
Road Frontage Type: State Road
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
KW Commercial - Main St
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.
