5047 Milford Road, East Stroudsburg, PA 18301
$450,000
Property Type:
Commercial Sale
Square Footage:
3,328
Lot Size (sq. ft.):
47,045
Status:
Closed
Current Price:
$450,000
List Date:
9/01/2020
Last Modified:
12/08/2025
Description
Motel style residential extended stay. Long term tenants with good upside in below market rents and potential additional units. Price at 8% cap rate. All units furnished with heat, a/c, internet, cable and trash provided. Ideally located on Route 209 just north of the Price Chopper complex in East Stroudsburg. Walking distance to shopping, restaurants and Martz Bus line service. 11 individual units ranging from studios to 1 bedroom units. Off site billboard on site for additional revenue.
More Information MLS# PM-80731
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $450,000
Current Price: $450,000
Status: Closed
Listing Contract Date: 2020-08-21
Location, Tax, and Legal
Parcel Number: 09.9.2.24-25
Municipality: Middle Smithfield Township
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 2306.58
School Tax Amount: 13768.7
Tax Annual Amount: 16075.3
Tax Assessed Value: 448200
Tax Book Number: 1479/375
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 3328
Stories: 2
Year Built Source: Other
Lot Size Acres: 1.08
List Price/SqFt: 149.94
Sold Price/SqFt: 135.22
Building Area Total: 3328
Year Built: 1932
Remarks and Miscellaneous
Public Historical Remarks: Level: Multi, Location: FreeStnd, Miscellaneous: Zoning Code C1- Commercial
Public Remarks: Motel style residential extended stay. Long term tenants with good upside in below market rents and potential additional units. Price at 8% cap rate. All units furnished with heat, a/c, internet, cable and trash provided. Ideally located on Route 209 just north of the Price Chopper complex in East Stroudsburg. Walking distance to shopping, restaurants and Martz Bus line service. 11 individual units ranging from studios to 1 bedroom units. Off site billboard on site for additional revenue.
Unit Details
Number Of Units Leased: 11
Business Type
Hotel/Motel: 1
Listing Terms
Cash: 1
Conventional: 1
Disclosures
Right of First Refusal: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Residential: 1
Investment: 1
Building Features
Other: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Heating
Electric: 1
Sewer
Septic Tank: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 5047
Street Name: Milford
Street Suffix: Road
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Status Change Information
Price Change Timestamp: 2020-11-10T16:36:17Z
Purchase Contract Date: 2020-12-31
Close Date: 2021-10-06
Close Price: 450000
Property Features
Listing Terms: Cash; Conventional
Disclosures: Right of First Refusal
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Residential; Investment
Business Type: Hotel/Motel
Building Features: Other
Cooling: Central Air; Wall/Window Unit(s)
Heating: Electric
Sewer: Septic Tank
Road Frontage Type: City Street
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
TACM Commerical Realty Inc.
Last Updated: December - 08 - 2025
Information deemed reliable but not guaranteed.
