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393 & 395 Route 940, Blakeslee, PA 18610 (MLS# PM-94909)

393 & 395 Route 940, Blakeslee, PA 18610

$2,100,000
Property Type: Commercial Sale Square Footage: 18,300 Lot Size (sq. ft.): 100,188 Status: Closed
Current Price: $2,100,000 List Date: 3/01/2022 Last Modified: 2/27/2025

Overview

Description

7.5 CAP on existing NOI of $170,000. Seven in-place tenants include St. Luke's Physical Therapy, Blakeslee Pharmacy, Pocono Pines Dental. Blakeslee Medical Professional Complex consists of two separate buildings and large shared parking lot. Building one is approximately 4,800 square feet and contains two units. The second building is 13,500 square feet built in 2009 and contains seven individual suites of varying sizes. Vacant spaces available for owner or lease. Located just East of the intersection of State Routes 940 and 115, near residential developments, resorts and tourist destinations.

Listing Details MLS# PM-94909

General Property Information

Above Grade Finished Area
18300
Building Area Total
18300
Building Area Source
Public Records
Stories
Yes
Year Built
2008
Year Built Source
Other
Lot Size Acres
2.3
List Price/SqFt
123.99
Sold Price/SqFt
114.75

Property Features

Listing Terms: Cash; Conventional; Trade Possession: Close Of Escrow Cooling: Central Air Heating: Electric Sewer: Public Sewer Road Frontage Type: State Road Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2022-03-01
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
393 & 395
Street Name
Route 940
City (Post Office)
Blakeslee
State
PA
Postal Code
18610

Remarks and Miscellaneous

Public Historical Remarks
Miscellaneous: Zoning Code C
Public Remarks
7.5 CAP on existing NOI of $170,000. Seven in-place tenants include St. Luke's Physical Therapy, Blakeslee Pharmacy, Pocono Pines Dental. Blakeslee Medical Professional Complex consists of two separate buildings and large shared parking lot. Building one is approximately 4,800 square feet and contains two units. The second building is 13,500 square feet built in 2009 and contains seven individual suites of varying sizes. Vacant spaces available for owner or lease. Located just East of the intersection of State Routes 940 and 115, near residential developments, resorts and tourist destinations.

Status Change Information

Purchase Contract Date
2022-03-16
Close Date
2022-06-10
Close Price
2100000

More Information

Location, Tax, and Legal

Parcel Number
19.93242
Municipality
Tobyhanna Township
High School District
Pocono Mountain
Cnty&Muni Taxes (Legacy)
5063.95
School Tax Amount
19506.9
Tax Annual Amount
24570.85
Tax Assessed Value
980000
Tax Book Number
2510/851
Zoning Description
Commercial

Listing Terms

Cash
Yes
Conventional
Yes
Trade
Yes

Possession

Close Of Escrow
Yes

Cooling

Central Air
Yes

Heating

Electric
Yes

Sewer

Public Sewer
Yes

Road Frontage Type

State Road
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: SER Commercial Real Estate, LLC
IDX
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.