Two-Unit Medical Office
For Sale
$1,200,000
526-528 Independence Road, East Stroudsburg, PA 18301
Separate professional suites support owner occupancy, leasing, or a combination of both.
Property Size6,272 SF
Days on Market90
Property Features for 526-528 Independence Road
General Information
Standard status
Active
Size
6,272 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$40,050
Building Details
Building Size
6,272 SF
Year Built
2005
Buildings
1
Tenancy
Multi
Listing Agency:
SER Commercial Real Estate, LLC
Listed By:
Brian K Coyne · License #AB068391
(570) 350-3106
Source:
Dpcomgroup
Added: Jul 28
Changed: Oct 21
Last Checked: Oct 24 at 1:30PM
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 SER Commercial Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit medical and professional office building was built in 2005 and is configured for separate occupancy. Each unit has private grade-level access, separated utilities, and access to two parking areas. The lower level is currently leased to a dentist, while the upper level is available for owner occupancy or lease.
The property is located just off I-80 Exit 309 along Independence Rd (SR447), in an area dominated by medical practices and regional health systems. Its two-unit layout provides a combination of existing tenancy and additional space for an owner-user or another professional office occupant.
The property is located just off I-80 Exit 309 along Independence Rd (SR447), in an area dominated by medical practices and regional health systems. Its two-unit layout provides a combination of existing tenancy and additional space for an owner-user or another professional office occupant.
Key Highlights
- Two‑unit medical and professional office building built in 2005
- Lower level currently leased to a dentist
- Upper level available for owner occupancy or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,558
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,971,160
$2.0M
Cap Rate 7%
$1,407,971
$1.4M
Cap Rate 9%
$1,095,089
$1.1M
Market Conditions
NOI Build-Up for 6,272 SF
Gross rent
$150.5K $24.00/SF
− Vacancy
−$19.1K −$3.05/SF
EGI
$131.4K $20.95/SF
− OpEx
−$32.9K −$5.24/SF
NOI
$98.6K $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 Rate 5%
$1,971,160
Cap Rate 7%
$1,407,971
Cap Rate 9%
$1,095,089
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,558 @ 7.0% cap · market cap 8.21%
Second Best
Healthcare Medical
$1.07M
$934.8K – $1.25M
NOI $74,782 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,411 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 18301, PA
29,184
Population
11,125
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
89%
High-School Grad
38.1 sq mi
ZIP Area
766
Density / Sq Mi
$90,488
Median Household Income
$40,202
Median Earnings
$1,350
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate professional suites support owner occupancy, leasing, or a combination of both.
Where is this medical office space located?
The property is located at 526-528 Independence Road East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑unit medical and professional office building built in 2005; Lower level currently leased to a dentist; Upper level available for owner occupancy or lease
