690 Route 940 Route, Pocono Lake, PA 18347
$2,375,000
Property Type:
Commercial Sale
Square Footage:
11,673
Lot Size (sq. ft.):
163,350
Status:
Closed
Current Price:
$2,375,000
List Date:
6/25/2022
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-93932
General Property Information
- Above Grade Finished Area
- 11173
- SqFt. Below Grade (Legacy)
- 500
- Building Area Total
- 11673
- Building Area Source
- Estimated
- Stories
- Yes
- Year Built
- 1974
- Year Built Source
- Other
- Business Name
- Sullivan Trail Motel, Inn and Suites
- Lot Size Acres
- 3.75
- Lot Size Dimensions
- 3.75 Acres
- List Price/SqFt
- 209.89
- Sold Price/SqFt
- 203.46
Property Features
Listing Terms:
Cash; Conventional; Owner May Carry
Possession:
Close Of Escrow
Current Use:
Commercial
Possible Use:
Residential; Medical/Dental; Multi-Family
Business Type:
Bed & Breakfast; Hotel/Motel; Nursing Home; Professional/Office
Building Features:
Equipment Warranty; Fixtures Included; Inventory Included; Other
Construction Materials:
Brick; Frame
Roof:
Other
Electric:
200+ Amp Service; Circuit Breakers
Cooling:
Ductless
Heating:
Electric
Water Source:
Well
Sewer:
Septic Tank
Parking Features:
On Site
Lot Features:
Corner Lot
Road Frontage Type:
State Road; Highway
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2022-01-11
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Monroe
- Street Number
- 690
- Street Name
- Route 940
- Street Suffix
- Route
- City (Post Office)
- Pocono Lake
- State
- PA
- Postal Code
- 18347
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Historical Remarks
- Level: Grade, Exterior Amenities: Sign, Ceiling: 0-9FT, Miscellaneous: Zoning Code comm
- Public Remarks
- Property is under contract and considering back- up offers only at this time. Please Submit Final Highest and Best Offer. Owner Ready to sell. Motel, Cabin, 3-4 Bedroom ranch home plus office. 27 Current units with additional 5 mini kitchen one bath units to be added. Continue as motel or convert to Short Term Rental units. Huge opportunity to do Airbnb type rentals with multiple units all in one convenient location adjacent to a restaurant and lose to skiing, waterparks, racetrack etc.
Status Change Information
- Purchase Contract Date
- 2022-03-16
- Close Date
- 2022-06-06
- Close Price
- 2375000
More Information
Building Features
- Ceiling Height
- 9
- Equipment Warranty
- Yes
- Fixtures Included
- Yes
- Inventory Included
- Yes
- Other
- Yes
Location, Tax, and Legal
- Parcel Number
- 19.15C.1.11
- Municipality
- Tobyhanna Township
- High School District
- Pocono Mountain
- Cnty&Muni Taxes (Legacy)
- 2779.03
- School Tax Amount
- 10705.11
- Tax Annual Amount
- 13484.13
- Tax Assessed Value
- 537810
- Tax Book Number
- 2433/9755
- Zoning Description
- Commercial
Business Type
- Bed & Breakfast
- Yes
- Hotel/Motel
- Yes
- Nursing Home
- Yes
- Professional/Office
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Owner May Carry
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Commercial
- Yes
Possible Use
- Residential
- Yes
- Medical/Dental
- Yes
- Multi-Family
- Yes
Construction Materials
- Brick
- Yes
- Frame
- Yes
Roof
- Other
- Yes
Electric
- 200+ Amp Service
- Yes
- Circuit Breakers
- Yes
Cooling
- Ductless
- Yes
Heating
- Electric
- Yes
Water Source
- Well
- Yes
Sewer
- Septic Tank
- Yes
Parking Features
- On Site
- Yes
Lot Features
- Corner Lot
- Yes
Road Frontage Type
- State Road
- Yes
- Highway
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
USA Realty
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
