5243 Milford Rd, East Stroudsburg, PA
Retail for Sale - $585,000 - 2,510 Sq. Ft.
Property Info
CIMLS# | 1062446 |
Location 5243 Milford Rd East Stroudsburg PA 18302 | |
Updated | July 5th, 2021 |
Type | Retail |
Price | $585,000 |
Building | 2,510 Sq. Ft. |
Property Description
$12K/MONTH Projected Gross, $9.6K/MONTH Projected Net with 9.1% Projected Cap rate @ $650k Asking Price. This is a well-established turnkey business featuring multiple streams of income that is ready for the next owner. Convenience store, 1 bay garage & THREE (3), ONE (1) bedroom APARTMENTS on the 2nd floor. There are 2 gas pumps that are branded Citgo, these bring constant traffic to the pumps & the store. There is also a 2nd building that is 40x100 w/a long-standing tenant. Parking for up to 50 cars. Located on the heavily traveled Rt 209 next to Pocono Palace Resort, a year-round prime location. Located just 60 mins from NYC & 90 from Phili. Attractions bring millions of tourists, including, Great Wolf Ski Lodge & Indoor Water Park, Kalahari Resort, Camelback & Shawnee Ski Resorts, Mt. Airy Casino, & Crossings Outlet Store. Continue to operate as a Citgo, go unbranded or sign up with another company where they could invest in additional improvements in the property.