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2995 Long Pond Road, Long Pond, PA 18334 (MLS# PM-117163)

2995 Long Pond Road, Long Pond, PA 18334

$1,405,000
Property Type: Commercial Sale Square Footage: 6,972 Lot Size (sq. ft.): 82,764 Status: Closed
Current Price: $1,405,000 List Date: 7/19/2024 Last Modified: 3/03/2025

Overview

Description

An incredible investment opportunity with an excellent 18-Unit property in the heart of Mt. Pocono. This unique property includes 3 parcels, available exclusively as a single sale. This property boasts a fully-occupied rental portfolio, ensuring immediate returns on your investment. On the 3 parcels are 11 detached units, one 5-unit building, one 2-unit building, and one detached home providing diverse rental options. Additional structures include a 3-car garage, and one detached Storage building. Situated on over 3.5 acres, and just seconds from the I-380 and Rt-940 intersection, it offers unparalleled access to major routes. It's just a few minutes away from Pocono Summit, Mt Pocono, the Kalahari Resort and the popular Tannersville Outlets. Don't miss out on this exceptional investment.

Listing Details MLS# PM-117163

General Property Information

Above Grade Finished Area
6972
Building Area Total
6972
Building Area Source
Estimated
Stories
Yes
Year Built
1950
Year Built Source
Other
Lot Size Acres
1.9
List Price/SqFt
186.46
Sold Price/SqFt
201.52

Property Features

Special Listing Conditions: In Foreclosure Listing Terms: Cash; Conventional Lease Term Options: Other Possession: Close Of Escrow Current Use: Residential Possible Use: Residential; Investment; Other; Multi-Family Business Type: Bar/Tavern/Lounge; Fast Food; Grocery; Restaurant; Bed & Breakfast; Hotel/Motel; Convenience Store; Gas Station; Professional Service; Mobile/Trailer Park Building Features: Other Construction Materials: Brick; Frame Roof: Other Cooling: Wall/Window Unit(s) Heating: Electric; Natural Gas; Separate Meters Water Source: Well; See Remarks Sewer: Septic Tank; Holding Tank Parking Features: On Site; Off Street; Private Road Frontage Type: State Road; City Street; Private Road Road Surface Type: Paved; Asphalt Road Responsibility: Private Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2024-07-19
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
2995
Street Name
Long Pond
Street Suffix
Road
City (Post Office)
Long Pond
State
PA
Postal Code
18334

Remarks and Miscellaneous

Public Historical Remarks
Special Financing: None, Level: Single, Location: Other-See Remarks, Potential Use: Building Trades, Miscellaneous: Zoning Code C-Commercial
Public Remarks
An incredible investment opportunity with an excellent 18-Unit property in the heart of Mt. Pocono. This unique property includes 3 parcels, available exclusively as a single sale. This property boasts a fully-occupied rental portfolio, ensuring immediate returns on your investment. On the 3 parcels are 11 detached units, one 5-unit building, one 2-unit building, and one detached home providing diverse rental options. Additional structures include a 3-car garage, and one detached Storage building. Situated on over 3.5 acres, and just seconds from the I-380 and Rt-940 intersection, it offers unparalleled access to major routes. It's just a few minutes away from Pocono Summit, Mt Pocono, the Kalahari Resort and the popular Tannersville Outlets. Don't miss out on this exceptional investment.

Status Change Information

Purchase Contract Date
2024-07-24
Close Date
2024-09-30
Close Price
1405000

More Information

Location, Tax, and Legal

Parcel Number
19.4.1.18
Municipality
Tobyhanna Township
High School District
Pocono Mountain
Cnty&Muni Taxes (Legacy)
1753.68
School Tax Amount
6755.36
Tax Annual Amount
8509.04
Tax Assessed Value
339380
Tax Book Number
1463/1065
Zoning Description
Residential

Business Type

Bar/Tavern/Lounge
Yes
Fast Food
Yes
Grocery
Yes
Restaurant
Yes
Bed & Breakfast
Yes
Hotel/Motel
Yes
Convenience Store
Yes
Gas Station
Yes
Professional Service
Yes
Mobile/Trailer Park
Yes

Special Listing Conditions

In Foreclosure
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lease Term Options

Other
Yes

Possession

Close Of Escrow
Yes

Current Use

Residential
Yes

Possible Use

Residential
Yes
Investment
Yes
Other
Yes
Multi-Family
Yes

Building Features

Other
Yes

Construction Materials

Brick
Yes
Frame
Yes

Roof

Other
Yes

Cooling

Wall/Window Unit(s)
Yes

Heating

Electric
Yes
Natural Gas
Yes
Separate Meters
Yes

Water Source

Well
Yes
See Remarks
Yes

Sewer

Septic Tank
Yes
Holding Tank
Yes

Parking Features

On Site
Yes
Off Street
Yes
Private
Yes

Road Frontage Type

State Road
Yes
City Street
Yes
Private Road
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Private Maintained Road
Yes
Listing Office: Keller Williams Real Estate - Allentown
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.