3324 Route 940, Mount Pocono, PA 18344
$610,000
Property Type:
Commercial Sale
Square Footage:
7,668
Lot Size (sq. ft.):
16,553
Status:
Closed
Current Price:
$610,000
List Date:
11/22/2021
Last Modified:
2/27/2025
Description
Investment Opportunity fully leased!! 8+% Cap Rate Completely renovated 3 story office building in Mt Pocono along Route 940 with easy access to major highways (I80 & I380).Public sewer. Exterior stonework, parking lot and landscaping just completed. Interior freshly painted and newly carpeted with new restrooms. Lower level ideal for retail/services, 2nd and 3rd floor presently multi-office setup and fully leased. 9 separately metered units.
More Information MLS# PM-93156
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $610,000
Current Price: $610,000
Status: Closed
Listing Contract Date: 2021-11-22
Location, Tax, and Legal
Parcel Number: 10.8.2.25
Municipality: Mount Pocono Borough
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 2862.44
School Tax Amount: 7265.32
Tax Annual Amount: 10269.38
Tax Assessed Value: 365000
Tax Book Number: 2456/7384
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 7668
Building Area Source: Estimated
Stories: 3
Number Of Buildings: 1
Year Built Source: Other
Lot Size Acres: 0.38
List Price/SqFt: 90.64
Sold Price/SqFt: 79.55
Building Area Total: 7668
Year Built: 1980
Remarks and Miscellaneous
Public Historical Remarks: Roof: Ridged, Level: Multi, Location: FreeStnd, Miscellaneous: Zoning Code C1
Public Remarks: Investment Opportunity fully leased!! 8+% Cap Rate Completely renovated 3 story office building in Mt Pocono along Route 940 with easy access to major highways (I80 & I380).Public sewer. Exterior stonework, parking lot and landscaping just completed. Interior freshly painted and newly carpeted with new restrooms. Lower level ideal for retail/services, 2nd and 3rd floor presently multi-office setup and fully leased. 9 separately metered units.
Unit Details
Number Of Units Leased: 9
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Building Features
Number of Levels: 3
Other: 1
Rail Road Track
None: 1
Construction Materials
Brick: 1
Roof
Other: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Heating
Electric: 1
Water Source
Well: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Road Frontage Type
State Road: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 3324
Street Name: Route 940
City (Post Office): Mount Pocono
State: PA
Postal Code: 18344
Status Change Information
Purchase Contract Date: 2022-03-15
Close Date: 2022-06-10
Close Price: 610000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Building Features: Other
Rail Road Track: None
Construction Materials: Brick
Roof: Other
Cooling: Central Air; Wall/Window Unit(s)
Heating: Electric
Water Source: Well
Sewer: Public Sewer
Parking Features: On Site
Road Frontage Type: State Road
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office: TACM Commerical Realty Inc.
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.