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3324 Route 940, Mount Pocono, PA 18344 (MLS# PM-93156)

3324 Route 940, Mount Pocono, PA 18344

$610,000
Property Type: Commercial Sale Square Footage: 7,668 Lot Size (sq. ft.): 16,553 Status: Closed
Current Price: $610,000 List Date: 11/22/2021 Last Modified: 2/27/2025

Overview

Description

Investment Opportunity fully leased!! 8+% Cap Rate Completely renovated 3 story office building in Mt Pocono along Route 940 with easy access to major highways (I80 & I380).Public sewer. Exterior stonework, parking lot and landscaping just completed. Interior freshly painted and newly carpeted with new restrooms. Lower level ideal for retail/services, 2nd and 3rd floor presently multi-office setup and fully leased. 9 separately metered units.

Listing Details MLS# PM-93156

General Property Information

Above Grade Finished Area
7668
Building Area Total
7668
Building Area Source
Estimated
Stories
3
Number Of Buildings
Yes
Year Built
1980
Year Built Source
Other
Lot Size Acres
0.38
List Price/SqFt
90.64
Sold Price/SqFt
79.55

Property Features

Listing Terms: Cash; Conventional Possession: Close Of Escrow Building Features: Other Rail Road Track: None Construction Materials: Brick Roof: Other Cooling: Central Air; Wall/Window Unit(s) Heating: Electric Water Source: Well Sewer: Public Sewer Parking Features: On Site Road Frontage Type: State Road Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2021-11-22
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
3324
Street Name
Route 940
City (Post Office)
Mount Pocono
State
PA
Postal Code
18344

Remarks and Miscellaneous

Public Historical Remarks
Roof: Ridged, Level: Multi, Location: FreeStnd, Miscellaneous: Zoning Code C1
Public Remarks
Investment Opportunity fully leased!! 8+% Cap Rate Completely renovated 3 story office building in Mt Pocono along Route 940 with easy access to major highways (I80 & I380).Public sewer. Exterior stonework, parking lot and landscaping just completed. Interior freshly painted and newly carpeted with new restrooms. Lower level ideal for retail/services, 2nd and 3rd floor presently multi-office setup and fully leased. 9 separately metered units.

Status Change Information

Purchase Contract Date
2022-03-15
Close Date
2022-06-10
Close Price
610000

More Information

Unit Details

Number Of Units Leased
9

Building Features

Number of Levels
3
Other
Yes

Location, Tax, and Legal

Parcel Number
10.8.2.25
Municipality
Mount Pocono Borough
High School District
Pocono Mountain
Cnty&Muni Taxes (Legacy)
2862.44
School Tax Amount
7265.32
Tax Annual Amount
10269.38
Tax Assessed Value
365000
Tax Book Number
2456/7384
Zoning Description
Commercial

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Rail Road Track

None
Yes

Construction Materials

Brick
Yes

Roof

Other
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Heating

Electric
Yes

Water Source

Well
Yes

Sewer

Public Sewer
Yes

Parking Features

On Site
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.
IDX
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.