Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land on Highway Title is generated by Realmo AI

    Pa 115, Blakeslee, PA 18610

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,000

    3.49 acres of commercial property on Highway 115.

    Type:General Commercial
    Lot size:
    3.49 Acres
    Added:
    Mar 9, 2021
    Days on Market:
    1892
    Last Refresh:
    Apr 1 at 9:35 pm

    Property Features for Pa 115

    General Information

    Standard status
    Active
    Lot size
    3.49 Acres
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Kenneth Garzzillo

    Listing agent Kenneth Garzzillo

    Listing office CENTURY 21 Select Group

    Listing date Mar 9, 2021

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Select Group

    HighLights

    • 3.49 Acres of PRIME COMMERCIAL PROPERTY on HWY 115
    • High‑traffic location suitable for various retail businesses
    • Located in the Pocono Mountains
    • Permitted uses include food markets, drugstores, bakeries, hardware stores, sporting goods stores, and medical marijuana dispensary
    • Additional Exterior/Lot Features: Paved Road, State Road
    • Owner willing to finance

    Overview

    This property features 3.49 acres of commercial land situated on Highway 115 in Blakeslee, Pennsylvania. The site is suitable for various retail stores, including food markets, drugstores, bakeries, hardware stores, and sporting goods stores. It is also suitable for a medical marijuana dispensary. The owner is willing to finance.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Blakeslee
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.5152
    Latitude
    41.0445

    Nearby Similar for Sale

    • $550,000
      2,532 SF

      Blakeslee Restaurant, Bar, and Rooms

      Restaurant and bar with six rental rooms in Blakeslee, PA.
      5800 Route 115, Blakeslee, PA 18610
      View Details
    • $500,000

      Commercial Land Near I-80 Exit

      4.49 acres of commercial land with high visibility.
      5243 Route 115, Blakeslee, PA 18610
      View Details
    • $1,100,000
      9,000 SF

      Boutique Hotel Project in Poconos

      Approved boutique hotel project with permits and architectural plans included.
      5592 Route 115, Blakeslee, PA 18610
      View Details
    • $499,900
      1,870 SF

      Pocono Mountains Commercial Opportunity

      8.7-acre commercial property with income potential near Interstate 80.
      5219 Route 115, Blakeslee, PA 18610
      View Details
    • $499,000
      2,436 SF

      Blakeslee Commercial Land with Fuel Station

      4.23+/- acres with fuel station, multi-family potential.
      5073 Route 115, Blakeslee, PA 18610
      View Details
    • $479,000
      3,640 SF

      Charming Home with Income Potential

      Beautifully maintained home with rental income near Pocono attractions.
      253 Thomas Road, Blakeslee, PA 18610
      View Details
    • $299,000
      1,040 SF

      Commercial Building on State Highway

      Commercial building on State Highway with high traffic volume.
      245 Route 903, Blakeslee, PA 18610
      View Details
    • $500,000

      Commercial Acres Near I-80 Exit

      4.49 acres, C-2 zoning, high traffic, near I-80.
      5243 Route 115, Blakeslee, PA 18610
      View Details
    • $299,000
      2,440 SF

      Blakeslee Multifamily Investment Opportunity

      Multifamily property with rental income potential in Blakeslee, PA.
      111 William Lane, Blakeslee, PA 18610
      View Details
    • $319,000
      2,036 SF

      Blakeslee Commercial Property with Garages

      2+ acres with multi-car garage and commercial/residential potential.
      4080 Route 115, Blakeslee, PA 18610
      View Details
    • $800,000

      Prime Commercial Corner Lot

      Exceptional commercial development opportunity in Monroe County.
      Blakeslee, PA 18610
      View Details
    • $3,600,000
      3,200 SF

      36.26 Acres Commercial Land

      Commercial land with warehouse and frontage on Route 940.
      1414 State Route 940, Blakeslee, PA 18610
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.49 acres of commercial property on Highway 115.
    Where is this commercial land located?
    The property is located at Pa 115 Blakeslee, PA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 3.49 Acres of PRIME COMMERCIAL PROPERTY on HWY 115; High‑traffic location suitable for various retail businesses; Located in the Pocono Mountains
    (570) 643-2100
    We can help!
    Listing Contact
    Kenneth Garzzillo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Pa 115, Blakeslee, PA 18610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!