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Property profile & analytics
FOR SALE
Commercial real estate

5357 Development Park Dr Pocono Summit, PA 18346

33,600 SF 5.01 ac lot Built 1999
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US73-3858812
5357 Development Park Dr, Pocono Summit, PA 18346 For Sale
$2,750,000 33,600 SF
5357 Development Park Dr, Pocono Summit, PA 18346
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Property summary
AI-generated overview

This fee-simple industrial property in Pocono Summit, PA, offers 41,160 square feet of space on a 10.03-acre lot. The single-unit building, constructed in 1999, features a 33,600 square foot main floor and approximately 7,560 square feet of upper-level studio space. Ceiling heights range from 12 to 27 feet. The property boasts 156 parking spaces and is zoned C-I, allowing for diverse commercial or industrial uses. The building's features include a steel frame, concrete slab foundation, painted concrete-block exterior walls, metal-framed storefront doors, and a flat rubber-membrane roof. HVAC is provided by roof-mounted compressors and electric heat pumps. The interior includes finished concrete floors, painted block walls, and open ceilings with suspended fluorescent lighting. The main floor currently includes a foyer, food service area with commercial kitchen, bowling alley, sales area, game arcade, billiard area, office, sports/repair shop, bar, and restrooms. An additional 5-acre parcel with Route 940 frontage is included, presenting significant development potential. A conceptual plan shows a possible redevelopment into a hotel, restaurant, and gas station/convenience store. The property's location offers easy access to major highways and is near popular attractions like Camelback Mountain Resort, Mount Airy Casino Resort, and Kalahari Resorts. The asking price is $4,000,000, with a price per square foot of $97.18. The APN is 19634504923555, 19634504927170.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 33,600 SF
Lot 5.01 ac (218,236 SF)
Zoning code CI
APN 19.1.1.31
UPID US73-3858812
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Summit Lanes Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.89M
Blend (final) Blend
$1.46M
Owner & transaction history
Pocono Summit Properties LLC · 7 yrs held
Pocono Summit Properties LLC
since 2018
7 recorded transactions
2023
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A
2020
Price N/A
2018
$4.0M
2017
Price N/A
Zoning & alternative use
CI · Pocono Summit, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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