5357 Development Park Dr Pocono Summit, PA 18346
For Sale
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.
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Summit Lanes Bowling Alley
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CI · Pocono Summit, PAPocono Summit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.