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237-239 East Brown Street, East Stroudsburg, PA 18301 (MLS# PM-101692)

237-239 East Brown Street, East Stroudsburg, PA 18301

$785,000
Property Type: Commercial Sale Square Footage: 15,021 Lot Size (sq. ft.): 81,457 Status: Closed
Current Price: $785,000 List Date: 7/18/2023 Last Modified: 2/28/2025

Overview

Description

INCREDIBLE PRICE REDUCTION!! Triple Net Lease to St. Luke's at $37,500/Month!!! Two Medical Buildings with ample parking. Main Building has 12,552 square feet and an additional 4,368 square feet of offices on Lower Level. 2nd Building is stand-alone (237 E. Brown St.) and modernized and ready to lease. 237 is in terrific condition and extremely well maintained and up to date. Phenomenal Price and Phenomenal Opportunity. Successful Tax Appeal!! Taxes reduced to $77,000.00. Zoned IM - Institutional Medical. Lease runs until August 2023.

Listing Details MLS# PM-101692

General Property Information

Above Grade Finished Area
12552
Building Area Total
15021
Building Area Source
Estimated
Stories
Yes
Number Of Buildings
2
Year Built
1972
Year Built Source
Other
Lot Size Acres
1.87
List Price/SqFt
65.91
Sold Price/SqFt
52.26

Property Features

Listing Terms: Cash; Conventional Existing Lease Type: NNN Lease Term Options: Renewal Option Possession: See Remarks Current Use: Commercial; Office Possible Use: See Remarks; Medical/Dental Business Type: Nursing Home; Professional Service; Professional/Office Building Features: Other Rail Road Track: None Construction Materials: Brick Roof: Flat Electric: 200+ Amp Service Cooling: Central Air Heating: Electric Water Source: Public Sewer: Public Sewer Parking Features: On Site Lot Features: Near Public Transit Road Frontage Type: City Street; Highway Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2022-10-16
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
237-239
Street Name
East Brown
Street Suffix
Street
City (Post Office)
East Stroudsburg
State
PA
Postal Code
18301
Subdivision Name
None

Remarks and Miscellaneous

Public Historical Remarks
Utility Service: 500-800A, Special Financing: None, Level: Grade, Location: FreeStnd, Exterior Amenities: Sign, Potential Use: R&D, Potential Use: Insitutional, Miscellaneous: Zoning Code IM
Public Remarks
INCREDIBLE PRICE REDUCTION!! Triple Net Lease to St. Luke's at $37,500/Month!!! Two Medical Buildings with ample parking. Main Building has 12,552 square feet and an additional 4,368 square feet of offices on Lower Level. 2nd Building is stand-alone (237 E. Brown St.) and modernized and ready to lease. 237 is in terrific condition and extremely well maintained and up to date. Phenomenal Price and Phenomenal Opportunity. Successful Tax Appeal!! Taxes reduced to $77,000.00. Zoned IM - Institutional Medical. Lease runs until August 2023.

Status Change Information

Price Change Timestamp
2023-05-18T11:58:19Z
Purchase Contract Date
2023-07-20
Close Date
2023-09-06
Close Price
785000

More Information

Location, Tax, and Legal

Parcel Number
05-1.3.4.7
Municipality
East Stroudsburg Borough
High School District
East Stroudsburg Area
Cnty&Muni Taxes (Legacy)
0
School Tax Amount
0
Tax Annual Amount
0
Tax Assessed Value
0
Tax Book Number
2543/9875

Business Type

Nursing Home
Yes
Professional Service
Yes
Professional/Office
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Existing Lease Type

NNN
Yes

Lease Term Options

Renewal Option
Yes

Possession

See Remarks
Yes

Current Use

Commercial
Yes
Office
Yes

Possible Use

See Remarks
Yes
Medical/Dental
Yes

Building Features

Other
Yes

Rail Road Track

None
Yes

Construction Materials

Brick
Yes

Roof

Flat
Yes

Electric

200+ Amp Service
Yes

Cooling

Central Air
Yes

Heating

Electric
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

On Site
Yes

Lot Features

Near Public Transit
Yes

Road Frontage Type

City Street
Yes
Highway
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: McKeown Real Estate
IDX
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.