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505 Independence Rd East Stroudsburg, PA 18301-7916

OFF-MARKET Medical Office Space Google Maps
28,205 SF 1.9 ac lot Built 2002
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$3.89M
Range $3.50M – $4.27M (±10%)
Property ID US73-3652134

Property summary

AI-generated overview

This exceptional two-story office building at 505 Independence Road in East Stroudsburg, Pennsylvania, offers a variety of executive office suites for lease. Located in Monroe County, this property boasts a total of 19,242 square feet, with flexible space options ranging from a minimum of 811 square feet to a maximum contiguous space of 2,643 square feet. Currently, 5,280 square feet of office space is available. The building features multiple tenancy options, making it ideal for businesses of various sizes. Second-floor suites are currently available. The property offers ample parking for tenants and employees, a significant advantage in this area. Its convenient location provides easy access to major roadways, including I-80, Route 209, and Route 611, ensuring seamless commutes for your staff and clients. Furthermore, the building benefits from its proximity to numerous healthcare facilities, adding to its appeal and accessibility. This is a fantastic opportunity to secure high-quality office space in a desirable and well-connected location in East Stroudsburg, PA, zip code 18301. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Total area 28,205 SF
Lot 1.9 ac (82,764 SF)
Zoning code C1
APN 16.8.2.12
UPID US73-3652134

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
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Physician
  • Medical Clinic
  • Medical Clinic Hospital

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.26M
CAP Approach CAP
$5.18M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.89M

Owner & transaction history

since 2020
Last sale
$4.0M
4 recorded transactions
2020
Price N/A
2020
$3.4M
2014
Price N/A
2010
$4.0M

Zoning & alternative use

C1 · East Stroudsburg, PA
Top alternative use upside
Restaurant $4.4M +35.7%
Auto repair, garage $3.8M +17.4%
Retail stores $3.7M +13.0%

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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