Gas Station Convenience
5243 Milford Rd East Stroudsburg, PA 18302
5243 Milford Rd, East Stroudsburg, PA, 18302
$585,000
For Sale
$585,000
Includes a convenience store, 1-bay garage, and three one-bedroom apartments above.
Property Size2,510 SF
Price / SF$233.07
Days on Market3793
Property Features for 5243 Milford Rd
General Information
- Standard status
- Active
- Size
- 2,510 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1938
Listing agency
(570) 476-1851
Listed by
Allentown
(570) 476-1851
Source
Xome
Added: Mar 2, 2016 Updated: Jul 21 at 12:56AM Checked: Jul 21 at 3:01AM
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 Allentown
Investment Insights
Based on property information with market context.
This well-established, turnkey property combines a convenience store with a 1-bay garage and three one-bedroom apartments located on the second floor. The site includes two Citgo-branded gas pumps serving the store.
The property also features a second building measuring 40x100 with a long-standing tenant, along with parking for up to 50 cars. Located at 5243 Milford Rd in East Stroudsburg, Pennsylvania, it sits on heavily traveled Rt 209 next to Pocono Palace Resort. The seller is projecting $12,000 per month gross and $9,600 per month net, based on a 10.6% projected cap rate at an asking price of $585,000.
The property also features a second building measuring 40x100 with a long-standing tenant, along with parking for up to 50 cars. Located at 5243 Milford Rd in East Stroudsburg, Pennsylvania, it sits on heavily traveled Rt 209 next to Pocono Palace Resort. The seller is projecting $12,000 per month gross and $9,600 per month net, based on a 10.6% projected cap rate at an asking price of $585,000.
Key Highlights
- Projected income: $12K/month projected gross and $9.6K/month projected net with a 10.6% projected cap rate at a $585k asking price
- Convenience store plus a 1‑bay garage, with two Citgo‑branded gas pumps
- Three (3) one‑bedroom apartments located on the 2nd floor
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $18.00 |
| − Vacancy | −$1.8k | −$0.72 |
| EGI | $43.4k | $17.28 |
| − OpEx | −$10.8k | −$4.32 |
| NOI | $32.5k | $12.96 |
2,510 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$464.7K
$406.6K – $542.2K
NOI $32,530 @ 7.0% cap · market cap 5.56%
Second Best
Retail
$404.4K
$353.8K – $471.8K
NOI $28,305 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$751.3K
$657.4K – $876.5K
NOI $52,590 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gulf
Gas Station
Auto Clinic Diagnostic ...
Auto Repair Shop
Delta Gas
Gas Station
Friendly Pocono Mountain ...
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Includes a convenience store, 1-bay garage, and three one-bedroom apartments above.
Where is this gas station located?
The property is located at 5243 Milford Rd East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Projected income: $12K/month projected gross and $9.6K/month projected net with a 10.6% projected cap rate at a $585k asking price; Convenience store plus a 1‑bay garage, with two Citgo‑branded gas pumps; Three (3) one‑bedroom apartments located on the 2nd floor
