173 Brown St, East Stroudsburg, PA 18301

This exceptional investment opportunity presents two Class B medical office buildings totaling 32,916 square feet, situated on a 1.92-acre lot in East Stroudsburg, Pennsylvania. Built in 1961 and 1968, with renovations in 1980 and 1992, the property features two two-story buildings offering 140 parking spaces. Currently boasting 76% occupancy with a multi-tenant lease structure (gross lease type), the property offers a compelling value-add opportunity. The buildings are strategically located adjacent to Lehigh Valley Hospital – Pocono, a major healthcare provider, and benefit from annual CPI rent bumps. With a pro-forma NOI of $446,772 and a pro-forma cap rate of 15.41%, this property presents a strong return on investment. The asking price is $2,900,000. The IM zoning permits a variety of uses. The property's proximity to East Stroudsburg University and major roadways, including Interstate 80, ensures high visibility and accessibility. The current lease terms include one year remaining, presenting a chance to secure longer-term, higher-yielding leases. This presents a unique opportunity for owner-users or investors seeking to capitalize on the strong healthcare market in the Pocono Mountains region. The property is less than a quarter-mile from East Stroudsburg University of Pennsylvania and within one mile of a Walmart Supercenter. It's also conveniently located five miles from St. Luke's Monroe Campus (opening April 2024) and 39 miles from Lehigh Valley International Airport (ABE).