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    Mixed-Use Investment Property Title is generated by Realmo AI

    246 N Courtland Street, East Stroudsburg, PA 18301

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    Picture of Mixed-use properties at 246 N Courtland Street, East Stroudsburg, PA
    For Sale
    $895,000

    COMMERCIAL - East Stroudsburg, PA

    Property size:
    5,246 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $170/SF
    Added:
    Feb 8, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 246 N Courtland Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    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

    We can help!

    Listing Contact
    Robert A Velez

    Listing agent Robert A Velez

    Listing office KW Commercial - Blue Bell 980 Harvest Drive Suite 200, Blue Bell, PA

    Listing date Feb 8, 2026

    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.

    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.
    • Built in 2006.
    • Investment property suitable for portfolio addition.
    • Includes a renovated 2nd floor apartment.

    Overview

    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.

    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 (±1% cap)
    NOI $67,988 @ 7.0% cap · market cap 7.60%
    Second Best
    Mixed Use
    $890.3K
    $779.0K – $1.04M (±1% cap)
    NOI $62,322 @ 7.0% cap · market cap 6.96%
    Theoretical Best
    Office A
    $1.57M
    $1.37M – $1.83M (±1% cap)
    NOI $109,914 @ 7.0% cap · market cap 12.28%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Stroudsburg
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.183659
    Latitude
    41.005611

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    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.
    (215) 664-1090
    We can help!
    Listing Contact
    Robert A Velez
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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