237-239 East Brown Street, East Stroudsburg, PA 18301
$785,000
Property Type:
Commercial Sale
Square Footage:
15,021
Lot Size (sq. ft.):
81,457
Status:
Closed
Current Price:
$785,000
List Date:
7/18/2023
Last Modified:
2/28/2025
Description
INCREDIBLE PRICE REDUCTION!! Triple Net Lease to St. Luke's at $37,500/Month!!! Two Medical Buildings with ample parking. Main Building has 12,552 square feet and an additional 4,368 square feet of offices on Lower Level. 2nd Building is stand-alone (237 E. Brown St.) and modernized and ready to lease. 237 is in terrific condition and extremely well maintained and up to date.
Phenomenal Price and Phenomenal Opportunity. Successful Tax Appeal!! Taxes reduced to $77,000.00. Zoned IM - Institutional Medical. Lease runs until August 2023.
More Information MLS# PM-101692
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $785,000
Current Price: $785,000
Status: Closed
Listing Contract Date: 2022-10-16
Location, Tax, and Legal
Parcel Number: 05-1.3.4.7
Municipality: East Stroudsburg Borough
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 0
School Tax Amount: 0
Tax Annual Amount: 0
Tax Assessed Value: 0
Tax Book Number: 2543/9875
General Property Information
Above Grade Finished Area: 12552
Building Area Source: Estimated
Stories: 1
Number Of Buildings: 2
Year Built Source: Other
Lot Size Acres: 1.87
List Price/SqFt: 65.91
Sold Price/SqFt: 52.26
Building Area Total: 15021
Year Built: 1972
Remarks and Miscellaneous
Public Historical Remarks: Utility Service: 500-800A, Special Financing: None, Level: Grade, Location: FreeStnd, Exterior Amenities: Sign, Potential Use: R&D, Potential Use: Insitutional, Miscellaneous: Zoning Code IM
Public Remarks: INCREDIBLE PRICE REDUCTION!! Triple Net Lease to St. Luke's at $37,500/Month!!! Two Medical Buildings with ample parking. Main Building has 12,552 square feet and an additional 4,368 square feet of offices on Lower Level. 2nd Building is stand-alone (237 E. Brown St.) and modernized and ready to lease. 237 is in terrific condition and extremely well maintained and up to date.
Phenomenal Price and Phenomenal Opportunity. Successful Tax Appeal!! Taxes reduced to $77,000.00. Zoned IM - Institutional Medical. Lease runs until August 2023.
Business Type
Nursing Home: 1
Professional Service: 1
Professional/Office: 1
Listing Terms
Cash: 1
Conventional: 1
Existing Lease Type
NNN: 1
Lease Term Options
Renewal Option: 1
Possession
See Remarks: 1
Current Use
Commercial: 1
Office: 1
Possible Use
See Remarks: 1
Medical/Dental: 1
Building Features
Other: 1
Rail Road Track
None: 1
Construction Materials
Brick: 1
Roof
Flat: 1
Electric
200+ Amp Service: 1
Cooling
Central Air: 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Lot Features
Near Public Transit: 1
Road Frontage Type
City Street: 1
Highway: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 237-239
Street Name: East Brown
Street Suffix: Street
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Subdivision Name: None
Status Change Information
Price Change Timestamp: 2023-05-18T11:58:19Z
Purchase Contract Date: 2023-07-20
Close Date: 2023-09-06
Close Price: 785000
Property Features
Listing Terms: Cash; Conventional
Existing Lease Type: NNN
Lease Term Options: Renewal Option
Possession: See Remarks
Current Use: Commercial; Office
Possible Use: See Remarks; Medical/Dental
Business Type: Nursing Home; Professional Service; Professional/Office
Building Features: Other
Rail Road Track: None
Construction Materials: Brick
Roof: Flat
Electric: 200+ Amp Service
Cooling: Central Air
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Parking Features: On Site
Lot Features: Near Public Transit
Road Frontage Type: City Street; Highway
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
McKeown Real Estate
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
