5854 Paradise Valley Road, Cresco, PA 18326
$1,579,000
Property Type:
Commercial Sale
Square Footage:
23,789
Lot Size (sq. ft.):
696,960
Status:
Closed
Current Price:
$1,579,000
List Date:
10/28/2022
Last Modified:
2/28/2025
Description
Here is the opportunity to own Crescent Lodge, in business for well over 50 years known for a great restaurant, beautiful cottages and grounds maintained to perfection. 16 acres of level land in the heart of Paradise Valley offering many opportunities. Total of 18 cottage units and 12 rental rooms in the lodge. Large dining rooms and wonderful bar area.
More Information MLS# PM-101932
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $1,579,000
Current Price: $1,579,000
Status: Closed
Listing Contract Date: 2022-10-26
Location, Tax, and Legal
Parcel Number: 11.3.1.20
Municipality: Paradise Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 5158.35
School Tax Amount: 22729.72
Tax Annual Amount: 27888.07
Tax Assessed Value: 1141910
Tax Book Number: 306/325
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 23789
Building Area Source: Public Records
Stories: 2
Number Of Buildings: 13
Year Built Source: Other
Business Name: Crescent Lodge
Lot Size Acres: 16
List Price/SqFt: 73.56
Sold Price/SqFt: 66.38
Building Area Total: 23789
Year Built: 1928
Remarks and Miscellaneous
Public Historical Remarks: Level: Multi, Ceiling: 0-9FT, Miscellaneous: Zoning Code Commercial/Business
Public Remarks: Here is the opportunity to own Crescent Lodge, in business for well over 50 years known for a great restaurant, beautiful cottages and grounds maintained to perfection. 16 acres of level land in the heart of Paradise Valley offering many opportunities. Total of 18 cottage units and 12 rental rooms in the lodge. Large dining rooms and wonderful bar area.
Unit Details
Number Of Units Leased: 30
Business Type
Bar/Tavern/Lounge: 1
Restaurant: 1
Bed & Breakfast: 1
Hotel/Motel: 1
Gift Shop: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Medical/Dental: 1
Building Features
Equipment Warranty: 1
Fixtures Included: 1
Ceiling Height: 9
Construction Materials
Brick: 1
Frame: 1
Cooling
Central Air: 1
Ductless: 1
Wall/Window Unit(s): 1
Heating
Ductless: 1
Electric: 1
Oil: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Parking Features
On Site: 1
Lot Features
Corner Lot: 1
Road Frontage Type
State Road: 1
Highway: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 5854
Street Name: Paradise Valley
Street Suffix: Road
City (Post Office): Cresco
State: PA
Postal Code: 18326
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2022-11-22
Close Date: 2023-08-31
Close Price: 1579000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Medical/Dental
Business Type: Bar/Tavern/Lounge; Restaurant; Bed & Breakfast; Hotel/Motel; Gift Shop
Building Features: Equipment Warranty; Fixtures Included
Construction Materials: Brick; Frame
Cooling: Central Air; Ductless; Wall/Window Unit(s)
Heating: Ductless; Electric; Oil
Water Source: Well
Sewer: Septic Tank
Parking Features: On Site
Lot Features: Corner Lot
Road Frontage Type: State Road; Highway
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
Keller Williams Real Estate - Stroudsburg
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
