5243 Milford Rd, East Stroudsburg, PA

Retail for Sale - $650,000 - 2,510 Sq. Ft. on 0.4 acres


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Agent Info

NameKristofer Spevak
CompanyCENTURY 21 Keim Realtors

Property Info

CIMLS #1062446
Location5243 Milford Rd
East Stroudsburg PA 18302
Last UpdatedNovember 26th, 2019
TypeRetail
Price$650,000
Building2,510 Sq. Ft.
Land0.4 acres
DemographicsView sample

Contact


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.



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