906 Route 940, Pocono Lake, PA 18347
$990,000
Property Type:
Commercial Sale
Square Footage:
11,136
Lot Size (sq. ft.):
71,874
Status:
Closed
Current Price:
$990,000
List Date:
11/08/2022
Last Modified:
2/28/2025
Description
12 Unit neighborhood center located in a fairly densely populated residential area on a high traffic state road. This property is fully tenanted with a mix of 9 commercial units and 3 residential units. Well maintained property with potential value add. A good tenant mix with a strong history of rental income. The Center was built in 1986 and is served with on-site utilities. Property is zoned C- Commercial which allows for a wide variety of uses.
More Information MLS# PM-102169
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $990,000
Current Price: $990,000
Status: Closed
Listing Contract Date: 2022-11-03
Location, Tax, and Legal
Parcel Number: 19.15.1.4-17
Municipality: Tobyhanna Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 3483.28
School Tax Amount: 13417.96
Tax Annual Amount: 16901.24
Tax Assessed Value: 674100
Tax Book Number: 2546/7081
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 11136
Building Area Source: Estimated
Stories: 2
Number Of Buildings: 1
Year Built Source: Other
Lot Size Acres: 1.65
List Price/SqFt: 107.76
Sold Price/SqFt: 88.9
Building Area Total: 11136
Year Built: 1986
Remarks and Miscellaneous
Public Historical Remarks: Road Type: Rt-way, Miscellaneous: Zoning Code C-Commercial
Public Remarks: 12 Unit neighborhood center located in a fairly densely populated residential area on a high traffic state road. This property is fully tenanted with a mix of 9 commercial units and 3 residential units. Well maintained property with potential value add. A good tenant mix with a strong history of rental income. The Center was built in 1986 and is served with on-site utilities. Property is zoned C- Commercial which allows for a wide variety of uses.
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Retail: 1
Cooling
Other: 1
Heating
Electric: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Road Frontage Type
See Remarks: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 906
Street Name: Route 940
City (Post Office): Pocono Lake
State: PA
Postal Code: 18347
Status Change Information
Purchase Contract Date: 2023-03-01
Close Date: 2023-05-26
Close Price: 990000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Retail
Cooling: Other
Heating: Electric
Water Source: Well
Sewer: Septic Tank
Road Frontage Type: See Remarks
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office: TACM Commerical Realty Inc.
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.