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6568 Route 209, Stroudsburg, PA 18360

$350,000
Property Type: Commercial Sale Square Footage: 3,400 Lot Size (sq. ft.): 153,331 Status: Closed
Current Price: $350,000 List Date: 9/27/2023 Last Modified: 2/20/2025

Overview

Description

Investment with upside on US Highway 209 Exposure! 3-story 4 Unit commercial building located on the corner of Beaver Valley Rd & Business Route 209 with frontage along US 209 Southbound. Building size 4,000 +/- SF total consisting of 4 units, all presently leased. Completely renovated residential apartment upstairs with 3 commercial tenants on ground floor. Gross annual rent $60,300. Plenty of onside parking. All new light box signage installed. Investment upside in below market rents and escalations. A potential new billboard construction along US Route 209.

Listing Details MLS# PM-109724

General Property Information

Above Grade Finished Area
3400
Building Area Total
3400
Building Area Source
Estimated
Stories
2
Year Built
2001
Year Built Source
Estimated
Lot Size Acres
3.52
List Price/SqFt
175
Sold Price/SqFt
102.94

Property Features

Listing Terms: Cash; Conventional Possession: Close Of Escrow Cooling: Wall/Window Unit(s) Heating: Electric Water Source: Well Sewer: Septic Tank 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
2023-09-26
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
6568
Street Name
Route 209
City (Post Office)
Stroudsburg
State
PA
Postal Code
18360

Remarks and Miscellaneous

Public Historical Remarks
Road Type: Rt-way, Miscellaneous: Zoning Code C- Commercial
Public Remarks
Investment with upside on US Highway 209 Exposure! 3-story 4 Unit commercial building located on the corner of Beaver Valley Rd & Business Route 209 with frontage along US 209 Southbound. Building size 4,000 +/- SF total consisting of 4 units, all presently leased. Completely renovated residential apartment upstairs with 3 commercial tenants on ground floor. Gross annual rent $60,300. Plenty of onside parking. All new light box signage installed. Investment upside in below market rents and escalations. A potential new billboard construction along US Route 209.

Status Change Information

Purchase Contract Date
2024-01-31
Close Date
2024-04-08
Close Price
350000

More Information

Location, Tax, and Legal

Parcel Number
07.6.1.49-4
Municipality
Hamilton Township
High School District
Stroudsburg Area
Cnty&Muni Taxes (Legacy)
1078.58
School Tax Amount
8115.14
Tax Annual Amount
9193.71
Tax Assessed Value
305000
Tax Book Number
2503/9388
Zoning Description
Commercial

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Cooling

Wall/Window Unit(s)
Yes

Heating

Electric
Yes

Water Source

Well
Yes

Sewer

Septic Tank
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 - 20 - 2025
Information deemed reliable but not guaranteed.