Commercial Garage with Three
For Sale
$625,000
2115 W Main Street, Stroudsburg, PA 18360
COMMERCIAL - Stroudsburg, PA
Property Size2,888 SF
Lot Size1.15 Acres
Price / SF$216.41
Days on Market13
Property Features for 2115 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Parking
4
Lot features
Level
Elementary school district
Stroudsburg Area
Middle school district
Stroudsburg Area
High school district
Stroudsburg Area
Subdivision
Stroud Township
Standard status
Active
APN
17.11.1.37-1
Size
2,888 SF
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12795
Utilities
Heating system
Hot Water(Heating), Oil
Water source
Well
Building Details
Year built
1944
Floors in Building
2
Building materials
Brick, Concrete, Aluminum Siding
Roof type
Fiberglass, Rolled Hot Mop, Asphalt
Listing Agency:
Keller Williams Real Estate - Northampton Co · Keller Williams Realty
(610) 867-8888
Listed By:
Kelly Houston · License #405412
(610) 867-8888
Added: Jul 25
Changed: Aug 4
Last Checked: Aug 6 at 9:06PM
MLS# PM-143349
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property includes a 2,888 SF commercially zoned garage structured for active operations, with three bays, an office, a half bath, separate septic, storage rooms, a loading dock, and 11 to 12 ft ceilings. There is also a storage shed, providing additional space for equipment and materials.
The garage is located on Main Business Route 209 in Stroudsburg. The listing also notes high traffic exposure and the option for a flexible layout supporting either residential, commercial, or income-producing use.
A detached 4,000 SF main home is included as well, described as a 4+ bedroom, 3+ bathroom residence with an in-law suite on the second floor. It features a separate entrance and a second kitchenette for multi-generational living or potential rental flexibility, along with an additional built-in 1-car garage in the large unfinished basement.
The garage is located on Main Business Route 209 in Stroudsburg. The listing also notes high traffic exposure and the option for a flexible layout supporting either residential, commercial, or income-producing use.
A detached 4,000 SF main home is included as well, described as a 4+ bedroom, 3+ bathroom residence with an in-law suite on the second floor. It features a separate entrance and a second kitchenette for multi-generational living or potential rental flexibility, along with an additional built-in 1-car garage in the large unfinished basement.
Key Highlights
- 2,888 SF commercially zoned garage on Business Route 209 in Stroudsburg with a loading dock and three bays
- Garage includes office, half bath, storage rooms, separate septic, and 11–12 ft ceilings plus a storage shed
- Detached 4,000 SF home with 4+ bedrooms and 3+ bathrooms, featuring an in‑law suite on the 2nd floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,620
$517.6K
Cap Rate 7%
$369,729
$369.7K
Cap Rate 9%
$287,567
$287.6K
Market Conditions
NOI Build-Up for 2,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $16.92/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$47.1K $16.29/SF
− OpEx
−$21.2K −$7.33/SF
NOI
$25.9K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,620
Cap Rate 7%
$369,729
Cap Rate 9%
$287,567
Alternative Uses
Best Use
Apartment 5plus
$369.7K
$323.5K – $431.4K
NOI $25,881 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$240.7K
$210.6K – $280.9K
NOI $16,851 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$864.4K
$756.4K – $1.01M
NOI $60,509 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Explore this area
Business Placement
Demographics for 18360, PA
29,079
Population
12,743
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
86.5 sq mi
ZIP Area
336
Density / Sq Mi
$69,413
Median Household Income
$41,592
Median Earnings
$1,314
Median Rent
$286,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - A 2,888 SF C2-zoned garage with three bays, office, loading dock, and separate septic on Main Route 209.
Where is this manufacturing property located?
The property is located at 2115 W Main Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,888 SF commercially zoned garage on Business Route 209 in Stroudsburg with a loading dock and three bays; Garage includes office, half bath, storage rooms, separate septic, and 11–12 ft ceilings plus a storage shed; Detached 4,000 SF home with 4+ bedrooms and 3+ bathrooms, featuring an in‑law suite on the 2nd floor
