Property summary
This exceptional 35,693 square foot commercial strip center, located at 137 Erin Lane in Brodheadsville, PA, presents a lucrative investment opportunity. The property boasts seven individual units, ample parking (140 spaces), and multiple convenient load zones. Situated on a substantial 10.77-acre lot, this property offers significant room for expansion and future development. Its prime location at a three-way traffic light intersection of major routes 209 and 115 ensures high visibility and accessibility, with an estimated 17,000 vehicles passing daily. The area is experiencing notable growth, evidenced by the recent addition of a St. Luke's Medical Center. The property is zoned General Commercial (GC) in Chestnuthill Township, adjacent to the Village Commercial (VC) district. Its strategic location provides easy access to Route 33 (approximately 5 miles), Stroudsburg (11 miles), Allentown (22 miles), and major metropolitan areas like New York and Philadelphia (both within 75 miles). The property is undergoing improvements, including a new rubber roof and a refreshed front facade. Currently, six of the seven units are occupied, generating a 9.2% capitalization rate, with immediate potential for increased return on investment through leasing the vacant unit. This is a rare opportunity to acquire a well-located, income-producing commercial property with substantial growth potential.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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