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965 Route 940 Route, Pocono Lake, PA 18347

$405,000
Property Type: Commercial Sale Square Footage: 5,718 Lot Size (sq. ft.): 189,486 Status: Closed
Current Price: $405,000 List Date: 5/31/2018 Last Modified: 2/28/2025

Overview

Description

Great investment or user property. Fully rented, high traffic count on Route 940 in Pocono Lake. Progressive growth in the township makes this a smart investment. Pocono Springs Village, a $350 million Entertainment Destination Village will create 3200 new jobs. A New tire distributor will generate 80 jobs. This site is 4.35 acres, 514 ft. road frontage, level site with space for expansion. PLUS - OWNER FINANCING possibilities with reasonable terms. Owner can hold short or long term loan. Well maintained with no deferred maintenance. Fully rented complex with great potential for a new building and expansion on the existing building in a prime location on busy Route 940. Call now!

Listing Details MLS# PM-58071

General Property Information

Above Grade Finished Area
4718
SqFt. Below Grade (Legacy)
1000
Building Area Total
5718
Stories
Yes
Number Of Buildings
Yes
Leasable Area
4718
Year Built
1962
Year Built Source
Other
Basement YN
Yes
Lot Size Acres
4.35
Lot Size Dimensions
514 x 797 x 873
List Price/SqFt
81.32
Sold Price/SqFt
70.83
Below Grade Finished Area
0

Property Features

Listing Terms: Cash; Conventional; Owner May Carry Owner Pays: Water; Hot Water; Taxes; Parking Fee; Grounds Care; Snow Removal Possession: Close Of Escrow Current Use: Commercial; Office Possible Use: Medical/Dental Business Type: Restaurant; Convenience Store; Gift Shop; Professional Service; Professional/Office Building Features: Exterior Storage; Other Rail Road Track: None Flooring: Carpet; Vinyl Construction Materials: Frame Roof: Other Electric: 200 or Less Amp Service Cooling: Wall/Window Unit(s); None Heating: Natural Gas Water Source: Well Sewer: Septic Tank Utilities: Natural Gas Available Exterior Features: Other Parking Features: On Site Road Frontage Type: State Road; Highway Road Surface Type: Paved; Chip And Seal Road Responsibility: Private Maintained Road Documents Available: Plot Plan

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
965
Street Name
Route 940
Street Suffix
Route
City (Post Office)
Pocono Lake
State
PA
Postal Code
18347
Subdivision Name
Other

Remarks and Miscellaneous

Public Historical Remarks
Roof: Ridged, Level: Single, Exterior Amenities: Sign, Exterior Amenities: Bldg Extension Psbl, #Doors: 6-10Full, Ceiling: 0-9FT, Miscellaneous: Zoning Code Commercial
Public Remarks
Great investment or user property. Fully rented, high traffic count on Route 940 in Pocono Lake. Progressive growth in the township makes this a smart investment. Pocono Springs Village, a $350 million Entertainment Destination Village will create 3200 new jobs. A New tire distributor will generate 80 jobs. This site is 4.35 acres, 514 ft. road frontage, level site with space for expansion. PLUS - OWNER FINANCING possibilities with reasonable terms. Owner can hold short or long term loan. Well maintained with no deferred maintenance. Fully rented complex with great potential for a new building and expansion on the existing building in a prime location on busy Route 940. Call now!

Status Change Information

Price Change Timestamp
2019-05-28T15:46:40Z
Purchase Contract Date
2019-10-19
Close Date
2019-11-19
Close Price
405000

More Information

Unit Details

Number Of Units Leased
4

Building Features

Ceiling Height
9
Number of Levels
Yes
Number of Dock Doors
10
Flood Plain
No
Exterior Storage
Yes
Other
Yes

Road Frontage Type

Road Frontage Length
514
State Road
Yes
Highway
Yes

Location, Tax, and Legal

Parcel Number
19.16.1.37-1
Municipality
Tobyhanna Township
High School District
Pocono Mountain
Cnty&Muni Taxes (Legacy)
1604.45
School Tax Amount
5956.82
Tax Annual Amount
7561.27
Tax Assessed Value
44030
Tax Book Number
2365/5833
Zoning Description
Commercial
Land Lease YN
Yes

Business Type

Restaurant
Yes
Convenience Store
Yes
Gift Shop
Yes
Professional Service
Yes
Professional/Office
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Owner Pays

Water
Yes
Hot Water
Yes
Taxes
Yes
Parking Fee
Yes
Grounds Care
Yes
Snow Removal
Yes

Possession

Close Of Escrow
Yes

Current Use

Commercial
Yes
Office
Yes

Possible Use

Medical/Dental
Yes

Rail Road Track

None
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Construction Materials

Frame
Yes

Roof

Other
Yes

Electric

200 or Less Amp Service
Yes

Cooling

Wall/Window Unit(s)
Yes
None
Yes

Heating

Natural Gas
Yes

Water Source

Well
Yes

Sewer

Septic Tank
Yes

Utilities

Natural Gas Available
Yes

Exterior Features

Other
Yes

Parking Features

On Site
Yes

Road Surface Type

Paved
Yes
Chip And Seal
Yes

Road Responsibility

Private Maintained Road
Yes

Documents Available

Plot Plan
Yes

Documents

Listing Office: CENTURY 21 Select Group - Blakeslee
IDX
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.