625 Main St Stroudsburg, PA 18360
- Land
Current Use by Public Records
- Land
Property Details for 625 Main St
- Property type
- Land
Description
This exceptional 15,000 square foot commercial land parcel in Stroudsburg, Pennsylvania, presents a unique investment opportunity. Located at 625 Main St, in the heart of Stroudsburg, this C2 zoned property boasts a fully developed 52-unit project plan, ready for immediate implementation. The plan includes 50 apartments, two commercial units, and 17 underground parking spaces. Years of planning and approvals have already been completed, significantly reducing time to market. The property benefits from its location within a newly established LERTA zone, providing property tax abatements over five years. This prime Main Street location offers unparalleled convenience, with proximity to Route 80, a hospital, East Stroudsburg University, and the bus station. The vibrant downtown area is easily walkable, featuring wineries, restaurants, bars, a local theater hosting national acts, multiple festivals, and a farmers market. Stroudsburg's appeal is further enhanced by its designation as one of the ten best small towns to retire in the US by Travel & Leisure. Situated in Monroe County, this location is strategically positioned 75 miles from New York City and 40 miles from the Lehigh Valley. This is a rare opportunity to acquire land with existing approvals and plans, requiring minimal additional steps before commencing construction. The asking price is $2,950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.2014
- Latitude
- 40.9832
