Property profile

246 Courtland St East Stroudsburg, PA 18301

OFF-MARKET
Turn key restaurants
Property ID
US73-5548015
2,982 SF 0.12 ac lot Built 2006
Individually Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This mixed-use property includes ground-floor commercial space historically used for a restaurant and a laundromat, along with a renovated second-floor apartment. The building provides a total of 5,246 square feet of space. It is associated with Palumbo's Pizzeria, which has been operating for more than 40 years in the Poconos community. The site is positioned along a high-traffic roadway with reported daily vehicle counts exceeding 15,000 cars.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction FRAME
Total area 2,982 SF
Lot 0.12 ac (5,227 SF)
Zoning code C-1
APN 05-5.2.15.7
UPID US73-5548015

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

246 Courtland St East Stroudsburg, PA 18301-2143
East Stroudsburg metro Census 300600 EAST STROUDSBURG, PA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2005
6 recorded transactions
2019
Price N/A
2016
Price N/A
2008
Price N/A
2005
$585,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · East Stroudsburg, PA
Zoning description

The intent of this zone is to primarily allow for commercial development which provides services to customers regionally as well as in the Borough.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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