Freestanding Bank with Three-Lane
209 Skyline Dr East Stroudsburg, PA 18301
209 Skyline Dr, East Stroudsburg, PA, 18301
$649,500
For Sale
$649,500
Freestanding brick building with 3-lane drive-thru, multiple office rooms, vault, and public water and septic.
Property Size4,000 SF
Lot Size0.50 Acres
Price / SF$162.38
Days on Market737
Property Features for 209 Skyline Dr
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.50 Acres
Listing agency
MORE Modern Real Estate LLC
(610) 858-5326
Listed by
Jaime Goulet
(610) 858-5326
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 21 at 1:18AM Checked: Jul 21 at 1:18AM
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 MORE Modern Real Estate LLC
Investment Insights
Based on property information with market context.
A freestanding brick former bank building offering approximately 4,000 square feet and nearly 12–14-foot ceilings. The property includes all fixtures, a vault, four office rooms, two restrooms, and an impressive mechanical room. The site supports 20+ parking spaces and features a 3-lane drive-thru configuration.
Located in East Stroudsburg/Stroud Township and positioned adjacent to a busy intersection, the property is described as having high visibility and traffic volume of 19,000+ cars per day. The building is on just over a half-acre parcel and is zoned C-2.
Utilities listed include public water and septic. The combination of the drive-thru layout and existing interior improvements supports a range of C-2 compatible concepts, including medical, restaurant/fast-food, business uses, and banking.
Located in East Stroudsburg/Stroud Township and positioned adjacent to a busy intersection, the property is described as having high visibility and traffic volume of 19,000+ cars per day. The building is on just over a half-acre parcel and is zoned C-2.
Utilities listed include public water and septic. The combination of the drive-thru layout and existing interior improvements supports a range of C-2 compatible concepts, including medical, restaurant/fast-food, business uses, and banking.
Key Highlights
- Nearly 4,000 SF freestanding brick former bank building on a just‑over half‑acre parcel
- Zoned C‑2 and includes all fixtures from the former bank
- 3‑lane drive‑thru plus 20+ parking spaces
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 | $72.0k | $18.00 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $69.1k | $17.28 |
| − OpEx | −$17.3k | −$4.32 |
| NOI | $51.8k | $12.96 |
4,000 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 7.98%
Second Best
Retail
$644.4K
$563.9K – $751.8K
NOI $45,108 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,808 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding brick building with 3-lane drive-thru, multiple office rooms, vault, and public water and septic.
Where is this bank located?
The property is located at 209 Skyline Dr East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: Nearly 4,000 SF freestanding brick former bank building on a just‑over half‑acre parcel; Zoned C‑2 and includes all fixtures from the former bank; 3‑lane drive‑thru plus 20+ parking spaces
