1008 Sand Hill Dr, East Stroudsburg, PA
Office for Sale - $2,250,000 - 49,078 Sq. Ft. on 10 acres
Property Info
CIMLS# | 1082274 |
Location 1008 Sand Hill Dr East Stroudsburg PA 18302 | |
Updated | August 30th, 2022 |
Type | Office |
Price | $2,250,000 |
Building | 49,078 Sq. Ft. |
Land | 10 acres |
Property Description
The Sand Hill Business Center is located off the 1st Interchange of I-80 going into the Poconos and in a resort location, this beautiful 50,000 Square Foot building includes significant frontage along both Milford Road (Route 209) and Winona Falls Road with nearly 300 parking spaces and includes a pad site that might be perfect for Route 209 retail. The business center has many updates and includes numerous office suites, conference rooms, telemarketing areas, elevator, break rooms and a full security office. The current owner would consider remaining and leasing back 50% of the space. The building and location would be perfect for any large office use, or as an investment to lease as individual suites, or as a conversion to medical space and another use. At 50% occupancy, the building shows an NOI over $125,000. At full occupancy, the Cap Rate is approximately 12% not including the potential for a pad site.