173 Brown St East Stroudsburg, PA 18301
Property profile & analytics
173 Brown St East Stroudsburg, PA 18301
- Medical Office Space
- 12,240 SF
- 0.31 lot acres
Property ID
US73-3471487
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 173 Brown St
- Year built
- 1968
- Lot size
- 0.31 lot acres
- Property size
- 12,240 SF
- Zone code
- IM
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 05-1.3.3.4-1
- APU
- 513341
Description
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).
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $507,000
Market price range: $307k - $1.26M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- East Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.1753
- Latitude
- 40.9915
- CBSA code
- 20700
- CBSA name
- EAST STROUDSBURG, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,477
$91,310
$844,130
$935,440
-
$91,310
$844,130
$935,440
