Multi-Tenant Restaurant
For Sale
$1,600,000
1674 N 9th Street, Stroudsburg, PA 18360
Commercial Sale, Stroudsburg, PA
Property Size4,328 SF
Lot Size1.15 Acres
Price / SF$369.69
Days on Market217
Property Features for 1674 N 9th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2- Commercial
Zoning description
Commercial
Parking
20
Elementary school district
Stroudsburg Area
Middle school district
Stroudsburg Area
High school district
Stroudsburg Area
Subdivision
Stroud Township
Standard status
Active
APN
17.17.1.54-1
Size
4,328 SF
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13709
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Building materials
Vinyl Siding
Roof type
Asbestos Shingle
Listing Agency:
Meisse Real Estate
(570) 801-7050
Listed By:
Paul Gibson · License #RS340695
(570) 259-7527
Added: Feb 15
Changed: Sep 16
Last Checked: Sep 20 at 10:06AM
MLS# PM-138902
Copyright © 2026 Pocono Mountains Association of 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 4,328-square-foot commercial building contains three operating tenant uses: a Thai restaurant, a bagel shop, and a dentist office. The property dates to 1960 and has vinyl siding, an asbestos shingle roof, forced-air natural gas heating, and central air conditioning. Public water and public sewer serve the building, which sits on 1.15 acres and carries C-2- Commercial zoning.
Located at 1674 N 9th Street in Stroudsburg, the property is directly across from St. Luke's Hospital Monroe Campus. The site fronts a heavily traveled Monroe County roadway with an average traffic count of 18,000 cars per day. Its combination of food service and medical occupancy creates a varied existing tenant profile within a single commercial asset.
Located at 1674 N 9th Street in Stroudsburg, the property is directly across from St. Luke's Hospital Monroe Campus. The site fronts a heavily traveled Monroe County roadway with an average traffic count of 18,000 cars per day. Its combination of food service and medical occupancy creates a varied existing tenant profile within a single commercial asset.
Key Highlights
- 4,328‑square‑foot building on 1.15 acres
- Three tenant uses: Thai restaurant, bagel shop, and dentist office
- C‑2- Commercial zoning
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
$68,010
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
4.25%
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%
$1,360,200
$1.4M
Cap Rate 7%
$971,571
$971.6K
Cap Rate 9%
$755,667
$755.7K
Market Conditions
NOI Build-Up for 4,328 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
$103.9K $24.00/SF
− Vacancy
−$13.2K −$3.05/SF
EGI
$90.7K $20.95/SF
− OpEx
−$22.7K −$5.24/SF
NOI
$68.0K $15.71/SF
Area
Monroe County, PA
Vacancy
12.70%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,360,200
Cap Rate 7%
$971,571
Cap Rate 9%
$755,667
Alternative Uses
Best Use
Office B
$971.6K
$850.1K – $1.13M
NOI $68,010 @ 7.0% cap · market cap 4.25%
Second Best
Specialty Retail
$801.3K
$701.1K – $934.9K
NOI $56,091 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,680 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food service and professional medical uses occupy a well-maintained commercial building.
Where is this conventional restaurant located?
The property is located at 1674 N 9th Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,328‑square‑foot building on 1.15 acres; Three tenant uses: Thai restaurant, bagel shop, and dentist office; C‑2- Commercial zoning
