167 Independence Rd East Stroudsburg, PA 18301
This exceptional mixed-use property, located at 167 Independence Rd, East Stroudsburg, PA 18301, presents a unique investment opportunity. The 4.89-acre lot, encompassing three parcels with 437 feet of road frontage, is zoned within the Economic Development District, offering diverse development possibilities. The property includes a charming split-level ranch, perfect for residential use or as an income-generating rental. This 2-story, 1953-built building features three spacious bedrooms and one bathroom. Interior highlights include laminate flooring in the living room with an electric fireplace, and a kitchen with ample cabinet and counter space. A one-car garage and a partial basement provide additional storage. The property's strategic location offers easy access to Route 80, Delaware Water Gap, East Stroudsburg University, and local hospitals. With its substantial size and prime location, this property is ideal for a variety of uses, from medical facilities to warehouse space. The current lease expires December 31, 2024, with minimal remaining lease term. The asking price is $699,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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