Mixed-Use Investment
246 N Courtland Street East Stroudsburg, PA 18301
246 N Courtland Street, East Stroudsburg, PA, 18301
$895,000
Pending
For Sale
$895,000
Pending
COMMERCIAL - East Stroudsburg, PA
Property Size5,246 SF
Lot Size0.12 Acres
Days on Market163
Property Features for 246 N Courtland Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 05-5.2.15.7
- Size
- 5,246 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17814
Building Details
- Year built
- 2006
- Floors in Building
- 2
Listing agency
KW Commercial - Blue Bell
(215) 664-1090
Listed by
Robert A Velez
(215) 664-1090
Added: Feb 8 Updated: Jul 6 at 8:47AM Checked: Jul 21 at 9:06AM
MLS# PM-138748
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 mixed-use property offers three income-producing components: a restaurant space, a laundromat, and a renovated second-floor apartment. The asset is positioned for day-to-day occupancy across these complementary uses, combining food service with residential rental above and laundry operations at street level.
The property is located in East Stroudsburg, PA, with exposure supported by traffic of over 15,000 cars per day as noted in the public remarks. It is anchored by Palumbo's Pizzeria, which has been in business for more than 40 years and is described as a staple in the Poconos community.
For buyers seeking a portfolio addition with multiple unit types under one roof, the mix of restaurant, laundromat, and apartment can support a diversified tenant profile. The listed information also notes that financials are available upon inquiry, which can help underwriting for qualified investors considering the purchase.
The property is located in East Stroudsburg, PA, with exposure supported by traffic of over 15,000 cars per day as noted in the public remarks. It is anchored by Palumbo's Pizzeria, which has been in business for more than 40 years and is described as a staple in the Poconos community.
For buyers seeking a portfolio addition with multiple unit types under one roof, the mix of restaurant, laundromat, and apartment can support a diversified tenant profile. The listed information also notes that financials are available upon inquiry, which can help underwriting for qualified investors considering the purchase.
Key Highlights
- Anchored by established Palumbo's Pizzeria, in business for over 40 years.
- High traffic location with over 15,000 cars per day.
- Mixed‑use property with restaurant, laundromat, and renovated apartment.
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 | $94.4k | $18.00 |
| − Vacancy | −$3.8k | −$0.72 |
| EGI | $90.7k | $17.28 |
| − OpEx | −$22.7k | −$4.32 |
| NOI | $68.0k | $12.96 |
5,246 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$971.3K
$849.9K – $1.13M
NOI $67,988 @ 7.0% cap · market cap 7.60%
Second Best
Mixed Use
$890.3K
$779.0K – $1.04M
NOI $62,322 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,914 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ESUDS Laundromat LLC
(Bike/Boat/Book/etc) Store
Palumbo’s pizza
Restaurant
Your Laundry Basket ...
(Bike/Boat/Book/etc) Store
Extra Clean Laundry ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a long-running restaurant tenant, plus laundromat and a renovated second-floor apartment.
Where is this mixed-use property located?
The property is located at 246 N Courtland Street East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Anchored by established Palumbo's Pizzeria, in business for over 40 years.; High traffic location with over 15,000 cars per day.; Mixed‑use property with restaurant, laundromat, and renovated apartment.
