64 N 3rd Street, Stroudsburg, PA 18360 (MLS# PM-89250)

64 N 3rd Street, Stroudsburg, PA 18360

$1,295,000

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Property Type: Commercial Sale Square Footage: 41,310 Lot Size (sq. ft.): 71,438 Status: Closed

Current Price: $1,295,000 List Date: 12/27/2021 Last Modified: 2/27/2025

Overview

Description

Ready for an Investment Property? This Unique opportunity allows you to acquire one of the most interesting former industrial buildings located in the Heart of Stroudsburg. The Olde Engine Works Began as a Machine & Train Repair shop in the early 1900's.Today this property Has 8 Units. The 22,000 Sqft Main building houses the Old Engine Works Antique Marketplace. The remaining 7 units are Fully Rented by Commercial tenants that provide excellent income. Some of the Stores include: a Music Studio, Dry Cleaner, Guitar Shop, and Machine & Tool Co. Currently being Offered as a Turn Key Sale to include the Antique Marketplace Business and all Rentals intact.OR if you have something else in mind, Mixed use Zoning gives this property ENDLESS Potential to be converted to multi-family residence

Supplements: or additional mixed-use units.It's In-Town location allows this Site to be serviced by all central utilities such as, water, sewer and natural gas. Excellent location within Walking distance to Down Town Main Street, ESU, and the Hospital. Less then 90 Minutes from NY City and 45 Minutes from Allentown or Scranton. Call Today to Schedule your appoi ... (Read more)

Listing Details MLS# PM-89250

General Property Information

Above Grade Finished Area: 41310
Building Area Total: 41310
Building Area Source: Estimated
Stories: Yes
Number Of Buildings: 4
Year Built: 1902
Year Built Source: Other
Business Name: Old Engine Works
Lot Size Acres: 1.64
List Price/SqFt: 31.35
Sold Price/SqFt: 31.35

Property Features

Listing Terms: Cash; Conventional Lease Term Options: Month To Month; Negotiable Owner Pays: Taxes Possession: Close Of Escrow; Negotiable Current Use: Commercial; Industrial Possible Use: Residential; Investment; Automotive; Industrial; Multi-Family; Retail; Warehouse Business Type: Hotel/Motel; Manufacturing Building Features: Fixtures Included; Loading Dock(s); Dock Leveler; Other; See Remarks Rail Road Track: None Flooring: Concrete Construction Materials: Brick; Metal Siding Electric: 3 Phase; Phase 1 Cooling: Wall/Window Unit(s) Heating: Natural Gas Water Source: Public Sewer: Public Sewer Parking Features: On Site Lot Features: Corner Lot Road Frontage Type: City Street; See Remarks Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type: Business
Listing Contract Date: 2021-07-07
Listing Service: Full Service
Lease Considered YN: No

Location Tax and Legal

County: Monroe
Street Number: 64
Street Direction Prefix: N
Street Name: 3rd
Street Suffix: Street
City (Post Office): Stroudsburg
State: PA
Postal Code: 18360
Subdivision Name: Other

Remarks and Miscellaneous

Public Historical Remarks: Road Type: Twp-rd, Level: Grade,Single, Location: FreeStnd, Exterior Amenities: Sign, #Doors: 6-10Full, Ceiling: 33+FT, Also Includes: Lease, Miscellaneous: Zoning Code Mixed Use / Comm
Public Remarks: Ready for an Investment Property? This Unique opportunity allows you to acquire one of the most interesting former industrial buildings located in the Heart of Stroudsburg. The Olde Engine Works Began as a Machine & Train Repair shop in the early 1900's.Today this property Has 8 Units. The 22,000 Sqft Main building houses the Old Engine Works Antique Marketplace. The remaining 7 units are Fully Rented by Commercial tenants that provide excellent income. Some of the Stores include: a Music Studio, Dry Cleaner, Guitar Shop, and Machine & Tool Co. Currently being Offered as a Turn Key Sale to include the Antique Marketplace Business and all Rentals intact.OR if you have something else in mind, Mixed use Zoning gives this property ENDLESS Potential to be converted to multi-family residence

Status Change Information

Price Change Timestamp: 2021-10-26T13:48:48Z
Purchase Contract Date: 2021-12-22
Close Date: 2022-01-24
Close Price: 1295000

More Information

Unit Details

Number Of Units Leased: 8

Building Features

Ceiling Height: 33
Number of Dock Doors: 10
Fixtures Included: Yes
Loading Dock(s): Yes
Dock Leveler: Yes
Other: Yes
See Remarks: Yes

Location, Tax, and Legal

Parcel Number: 18-1.1.8.17
Municipality: Stroudsburg Borough
High School District: Stroudsburg Area
Cnty&Muni Taxes (Legacy): 10089.1
School Tax Amount: 24858.39
Tax Annual Amount: 35105.4
Tax Assessed Value: 934280
Tax Book Number: 2501/2273
Zoning Description: Commercial

Business Type

Hotel/Motel: Yes
Manufacturing: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lease Term Options

Month To Month: Yes
Negotiable: Yes

Owner Pays

Taxes: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Current Use

Commercial: Yes
Industrial: Yes

Possible Use

Residential: Yes
Industrial: Yes
Warehouse: Yes
Retail: Yes
Automotive: Yes
Investment: Yes
Multi-Family: Yes

Rail Road Track

None: Yes

Flooring

Concrete: Yes

Construction Materials

Brick: Yes
Metal Siding: Yes

Electric

3 Phase: Yes
Phase 1: Yes

Cooling

Wall/Window Unit(s): Yes

Heating

Natural Gas: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Parking Features

On Site: Yes

Lot Features

Corner Lot: Yes

Road Frontage Type

City Street: Yes
See Remarks: Yes

Road Surface Type

Paved: Yes
Asphalt: Yes

Road Responsibility

Public Maintained Road: Yes

Listing Office: RE/MAX Crossroads

Last Updated: February - 27 - 2025

Information deemed reliable but not guaranteed.

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64 N 3rd Street, Stroudsburg, PA 18360 (MLS# PM-89250)