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344 Main Street, Stroudsburg, PA 18360 (MLS# PM-102295)

344 Main Street, Stroudsburg, PA 18360

$725,000
Property Type: Commercial Sale Square Footage: 24,660 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $725,000 List Date: 11/14/2022 Last Modified: 2/28/2025

Overview

Description

Good project opportunity with plenty of upside. 24,000+ SF mixed use commercial building in the heart of Stroudsburg Monroe County PA. Priced at approximately $36/SF includes 5 apartments, and 20,200 SF commercial retail space. Present rent roll estimated at $65,000/yr. Building is need of repairs and improvements but provides base for significant increase in cash flow. Motivated seller.

Listing Details MLS# PM-102295

General Property Information

Above Grade Finished Area
24660
Building Area Total
24660
Building Area Source
Estimated
Stories
2
Year Built
1920
Year Built Source
Estimated
Lot Size Acres
0.46
List Price/SqFt
36.29
Sold Price/SqFt
29.4

Property Features

Listing Terms: Cash; Conventional Possession: Close Of Escrow Current Use: Commercial Possible Use: Multi-Family; Retail Cooling: Wall/Window Unit(s) Heating: Electric Water Source: Public Sewer: Public Sewer Road Frontage Type: State Road; See Remarks Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2022-11-14
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
344
Street Name
Main
Street Suffix
Street
City (Post Office)
Stroudsburg
State
PA
Postal Code
18360

Remarks and Miscellaneous

Public Historical Remarks
Road Type: Rt-way, Miscellaneous: Zoning Code C-1A
Public Remarks
Good project opportunity with plenty of upside. 24,000+ SF mixed use commercial building in the heart of Stroudsburg Monroe County PA. Priced at approximately $36/SF includes 5 apartments, and 20,200 SF commercial retail space. Present rent roll estimated at $65,000/yr. Building is need of repairs and improvements but provides base for significant increase in cash flow. Motivated seller.

Status Change Information

Purchase Contract Date
2023-03-01
Close Date
2023-05-30
Close Price
725000

More Information

Building Features

Number of Levels
2

Location, Tax, and Legal

Parcel Number
18-1.1.13.16
Municipality
Stroudsburg Borough
High School District
Stroudsburg Area
Cnty&Muni Taxes (Legacy)
13071.3
School Tax Amount
29926.76
Tax Annual Amount
42998.06
Tax Assessed Value
1124770
Tax Book Number
2269,2405/5832,4782
Zoning Description
Commercial

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Current Use

Commercial
Yes

Possible Use

Retail
Yes
Multi-Family
Yes

Cooling

Wall/Window Unit(s)
Yes

Heating

Electric
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Road Frontage Type

State Road
Yes
See Remarks
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: TACM Commerical Realty Inc.
IDX
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.