R2 Zoned Multi-Family Development
For Sale
$599,000
Rte 940, Mount Pocono, PA 18344
LAND - Mount Pocono, PA
Property SizeContact for details
Lot Size47.52 Acres
Days on Market251
Property Features for Rte 940
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential
Vegetation
Wooded
Lot features
Sloped, Wooded
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Mount Pocono Borough
Standard status
Active
APN
10.5.1.14
Lot size
47.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7638
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
MORE Modern Real Estate LLC
(570) 234-3400
Listed By:
Michael O'Donnell
(570) 234-3400
Added: Dec 1, 2025
Changed: Jun 2
Last Checked: Aug 9 at 3:06PM
MLS# PM-137571
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.
Offering 47.52+ acres of development land in Mount Pocono Borough, this parcel is designated as R2 on tax records. A portion is shown in commercial use on township maps. The property includes central water and sewer availability, and conceptual drawings on file outline a proposed plan for 132 multi-family units, pending township approvals.
Situated adjacent to the 5-point intersection of RTE 940, 611 and 196, the site benefits from multiple points of visibility and access considerations. Deeded access to RTE 196 is included, along with an additional land lot that may be purchased to provide further egress. Billboards facing RTE 940 are also located on the property, and the listing notes 21,000+ ADT.
Designed for an investor or developer looking to pursue a multifamily residential entitlement pathway, this tract offers key utilities and access components alongside a submitted concept. With the mix of R2 designation and areas showing commercial use on township materials, it may also warrant thorough due diligence on permitted uses and approvals before committing to final site design.
Situated adjacent to the 5-point intersection of RTE 940, 611 and 196, the site benefits from multiple points of visibility and access considerations. Deeded access to RTE 196 is included, along with an additional land lot that may be purchased to provide further egress. Billboards facing RTE 940 are also located on the property, and the listing notes 21,000+ ADT.
Designed for an investor or developer looking to pursue a multifamily residential entitlement pathway, this tract offers key utilities and access components alongside a submitted concept. With the mix of R2 designation and areas showing commercial use on township materials, it may also warrant thorough due diligence on permitted uses and approvals before committing to final site design.
Key Highlights
- 47+ acre development lot zoned R2 in Mt Pocono Borough, adjacent to the 5 Point Intersection (RTE 940, 611 and 196).
- Central water and public sewer available; water source listed as public and sewer listed as public sewer.
- Deeded access to RTE 196, with an additional land lot available for purchase to provide more egress.
Property Analytics
Property Profile
Current Use
Lease Details
132
Residential units
21,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 18344, PA
3,497
Population
1,621
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
448
Density / Sq Mi
$85,215
Median Household Income
$43,715
Median Earnings
$890
Median Rent
$171,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large Mount Pocono development lot with central water and sewer, deeded RTE 196 access, and conceptual multifamily plans.
Where is this residential land & home lot located?
The property is located at Rte 940 Mount Pocono, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 47+ acre development lot zoned R2 in Mt Pocono Borough, adjacent to the 5 Point Intersection (RTE 940, 611 and 196).; Central water and public sewer available; water source listed as public and sewer listed as public sewer.; Deeded access to RTE 196, with an additional land lot available for purchase to provide more egress.
