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906 Route 940, Pocono Lake, PA 18347 (MLS# PM-102169)

906 Route 940, Pocono Lake, PA 18347

$990,000
Property Type: Commercial Sale Square Footage: 11,136 Lot Size (sq. ft.): 71,874 Status: Closed
Current Price: $990,000 List Date: 11/08/2022 Last Modified: 2/28/2025

Overview

Description

12 Unit neighborhood center located in a fairly densely populated residential area on a high traffic state road. This property is fully tenanted with a mix of 9 commercial units and 3 residential units. Well maintained property with potential value add. A good tenant mix with a strong history of rental income. The Center was built in 1986 and is served with on-site utilities. Property is zoned C- Commercial which allows for a wide variety of uses.

Listing Details MLS# PM-102169

General Property Information

Above Grade Finished Area
11136
Building Area Total
11136
Building Area Source
Estimated
Stories
2
Number Of Buildings
Yes
Year Built
1986
Year Built Source
Other
Lot Size Acres
1.65
List Price/SqFt
107.76
Sold Price/SqFt
88.9

Property Features

Listing Terms: Cash; Conventional Possession: Close Of Escrow Current Use: Commercial Possible Use: Retail Cooling: Other Heating: Electric Water Source: Well Sewer: Septic Tank Road Frontage Type: See Remarks Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2022-11-03
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
906
Street Name
Route 940
City (Post Office)
Pocono Lake
State
PA
Postal Code
18347

Remarks and Miscellaneous

Public Historical Remarks
Road Type: Rt-way, Miscellaneous: Zoning Code C-Commercial
Public Remarks
12 Unit neighborhood center located in a fairly densely populated residential area on a high traffic state road. This property is fully tenanted with a mix of 9 commercial units and 3 residential units. Well maintained property with potential value add. A good tenant mix with a strong history of rental income. The Center was built in 1986 and is served with on-site utilities. Property is zoned C- Commercial which allows for a wide variety of uses.

Status Change Information

Purchase Contract Date
2023-03-01
Close Date
2023-05-26
Close Price
990000

More Information

Location, Tax, and Legal

Parcel Number
19.15.1.4-17
Municipality
Tobyhanna Township
High School District
Pocono Mountain
Cnty&Muni Taxes (Legacy)
3483.28
School Tax Amount
13417.96
Tax Annual Amount
16901.24
Tax Assessed Value
674100
Tax Book Number
2546/7081
Zoning Description
Commercial

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Current Use

Commercial
Yes

Possible Use

Retail
Yes

Cooling

Other
Yes

Heating

Electric
Yes

Water Source

Well
Yes

Sewer

Septic Tank
Yes

Road Frontage Type

See Remarks
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: TACM Commerical Realty Inc.
IDX
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.