720 Milford Road, East Stroudsburg, PA 18301
$1,150,000
Property Type:
Commercial Sale
Square Footage:
5,580
Lot Size (sq. ft.):
24,394
Status:
Closed
Current Price:
$1,150,000
List Date:
5/30/2018
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-58016
General Property Information
- Above Grade Finished Area
- 5580
- Building Area Total
- 5580
- Stories
- Yes
- Year Built
- 1982
- Year Built Source
- Other
- Lot Size Acres
- 0.56
- List Price/SqFt
- 250.9
- Sold Price/SqFt
- 206.09
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Current Use:
Commercial
Possible Use:
Retail; Shopping Center
Business Type:
Laundromat
Building Features:
Equipment Warranty; Fixtures Included; Inventory Included; Other
Construction Materials:
Brick
Roof:
Other
Cooling:
Other
Heating:
Electric
Water Source:
Public
Sewer:
Public Sewer
Parking Features:
On Site
Lot Features:
Corner Lot
Road Frontage Type:
State Road; City Street; Highway
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2018-05-30
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Monroe
- Street Number
- 720
- Street Name
- Milford
- Street Suffix
- Road
- City (Post Office)
- East Stroudsburg
- State
- PA
- Postal Code
- 18301
Remarks and Miscellaneous
- Public Historical Remarks
- Roof: Ridged, Level: Grade, Location: FreeStnd, Exterior Amenities: Sign, Miscellaneous: Zoning Code C2-Commercial
- Public Remarks
- Full-service laundromat with strong history plus rental income. 6-Unit neighborhood center including owner's laundromat business and 3 additional rental units. Laundromat has newer equipment with long standing customer base. Ideally located to local colleges and residential communities in the downtown retail district in East Stroudsburg Borough. Mix of 20-100 lb dryers (approx 40) and 30-75 lb washers (approx 50). Owner out of state, locally managed and staffed, owner seeking retirement. The 3 leased rental units contribute an additional $30,000+ per year in income. Call for more details.
Status Change Information
- Purchase Contract Date
- 2018-07-31
- Close Date
- 2018-11-19
- Close Price
- 1150000
More Information
Location, Tax, and Legal
- Parcel Number
- 05-6.1.3.8-2
- Municipality
- East Stroudsburg Borough
- High School District
- East Stroudsburg Area
- Cnty&Muni Taxes (Legacy)
- 3664.83
- School Tax Amount
- 13622.29
- Tax Annual Amount
- 17287.12
- Tax Assessed Value
- 76590
- Tax Book Number
- 2190/7234
- Zoning Description
- Commercial
Business Type
- Laundromat
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Commercial
- Yes
Possible Use
- Shopping Center
- Yes
- Retail
- Yes
Building Features
- Equipment Warranty
- Yes
- Fixtures Included
- Yes
- Inventory Included
- Yes
- Other
- Yes
Construction Materials
- Brick
- Yes
Roof
- Other
- Yes
Cooling
- Other
- Yes
Heating
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Lot Features
- Corner Lot
- Yes
Road Frontage Type
- State Road
- Yes
- City Street
- Yes
- Highway
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
