Commercial Garage with Machining
For Sale
$625,000
2115 W Main Street, Stroudsburg, PA 18360
COMMERCIAL - Stroud Twp, PA
Property Size2,888 SF
Lot Size1.15 Acres
Price / SF$216.41
Days on Market11
Property Features for 2115 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
4
Parking features
Driveway, Garage, Off Street
Elementary school district
Stroudsburg
Middle school district
Stroudsburg
High school district
Stroudsburg
Directions
Located on Business RT 209 - commercial garage is down long driveway behind house. Sign present.
Subdivision
Stroud Twp
Standard status
Active
APN
17 11 1 37-1
Size
2,888 SF
Lot size
1.15 Acres
Taxes and HOA fees
Tax Annual Amount
12795
Utilities
Sewer type
Septic Tank
Heating system
Oil
Water source
Well
Building Details
Year built
1944
Number of units
2
Building materials
AluminumSiding, Brick, Block, Concrete
Listing Agency:
Keller Williams Northampton · Keller Williams Realty
(610) 867-8888
Listed By:
Kelly L. Houston · License #405412
(484) 893-4518
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 6 at 9:06PM
MLS# 781498
Copyright © 2026 Greater Lehigh Valley 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 features a commercially zoned garage building totaling 2,888 square feet, configured with three bays, an office, and a half bath. The layout also includes a separate septic, storage rooms, a loading dock, and storage shed. The garage has 11-12 foot ceilings. An active machining business/equipment is noted as available separately if desired.
The garage and main home are located on a main business route in Stroudsburg/Stroud Twp along West Main Street, with high traffic exposure referenced in the remarks.
In addition to the garage, there is a detached 4,000 square foot home with 4+ bedrooms and 3+ bathrooms, including an in-law suite on the second floor. The home is described as having separate entrance options and a second kitchenette, along with an additional built-in one-car garage within the large unfinished basement.
The garage and main home are located on a main business route in Stroudsburg/Stroud Twp along West Main Street, with high traffic exposure referenced in the remarks.
In addition to the garage, there is a detached 4,000 square foot home with 4+ bedrooms and 3+ bathrooms, including an in-law suite on the second floor. The home is described as having separate entrance options and a second kitchenette, along with an additional built-in one-car garage within the large unfinished basement.
Key Highlights
- 2,888 SF commercially zoned garage on Business Route 209 in Stroudsburg with three bays and 11–12 ft ceilings
- Garage includes office, half bath, loading dock, separate septic, and storage rooms, plus a storage shed
- Detached 4,000 SF main home built in 1944 offers 4+ bedrooms and 3+ bathrooms, including a 2nd‑floor in‑law suite
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
12 ft
Clear height
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercially zoned garage includes three bays, office, half bath, loading dock, and 11-12 foot ceilings.
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 three bays and 11–12 ft ceilings; Garage includes office, half bath, loading dock, separate septic, and storage rooms, plus a storage shed; Detached 4,000 SF main home built in 1944 offers 4+ bedrooms and 3+ bathrooms, including a 2nd‑floor in‑law suite
