Medical Office with Off-Street
For Sale
Contact for pricing
828 Monroe St, Stroudsburg, PA 18360
Former dental office configured with multiple offices, reception, and waiting room, with off-street parking and C-2 zoning.
Property Size2,100 SF
Price / SF$1.19
Days on Market980
Property Features for 828 Monroe St
General Information
Standard status
Active
Size
2,100 SF
Zoning
C-2
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$12,681
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
George Vlamis · License #RS278068
(570) 460-6300
Source:
Exprealty
Added: Feb 16, 2024
Changed: Oct 13
Last Checked: Oct 23 at 12:13PM
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
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Investment Insights
Based on property information with market context.
This property was previously used as a dental office and is laid out with five offices, a reception area, and a waiting room. Off-street parking is available, and the interior configuration supports a professional service setting.
Zoned C-2, the space allows for multiple use types, including office, medical, or retail. It is conveniently located one block from the Courthouse and near Main Street in Stroudsburg, providing easy access to the surrounding business activity.
The existing improvements and room count make the building well-suited for an owner-occupant or tenant looking to operate from a ready-to-fit office arrangement in a flexible commercial zoning district.
Zoned C-2, the space allows for multiple use types, including office, medical, or retail. It is conveniently located one block from the Courthouse and near Main Street in Stroudsburg, providing easy access to the surrounding business activity.
The existing improvements and room count make the building well-suited for an owner-occupant or tenant looking to operate from a ready-to-fit office arrangement in a flexible commercial zoning district.
Key Highlights
- Nearly 2,100 SF former dental office with 5 offices, reception area, and waiting room
- Zoned C‑2, allowing for multiple uses including office, medical, or retail
- Off‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,780
$500.8K
Cap Rate 7%
$357,700
$357.7K
Cap Rate 9%
$278,211
$278.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$45.4K $21.60/SF
− Vacancy
−$3.6K −$1.73/SF
EGI
$41.7K $19.87/SF
− OpEx
−$16.7K −$7.95/SF
NOI
$25.0K $11.92/SF
Area
Monroe County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,780
Cap Rate 7%
$357,700
Cap Rate 9%
$278,211
Alternative Uses
Best Use
Office B
$471.4K
$412.5K – $550.0K
NOI $32,999 @ 7.0% cap · market cap 1,319.96%
Second Best
Healthcare Medical
$357.7K
$313.0K – $417.3K
NOI $25,039 @ 7.0% cap · market cap 1,001.56%
Theoretical Best
Office A
$628.6K
$550.0K – $733.3K
NOI $43,999 @ 7.0% cap · market cap 1,759.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dental office configured with multiple offices, reception, and waiting room, with off-street parking and C-2 zoning.
Where is this medical office space located?
The property is located at 828 Monroe St Stroudsburg, PA.
What are key features of this property?
This property features: Nearly 2,100 SF former dental office with 5 offices, reception area, and waiting room; Zoned C‑2, allowing for multiple uses including office, medical, or retail; Off‑street parking available
