64 N 3rd Street, Stroudsburg, PA 18360

$1,295,000
Property Type: Commercial Sale Square Footage: 41,310 Lot Size (sq. ft.): 71,438 Status: Closed
Current Price: $1,295,000 List Date: 12/27/2021 Last Modified: 2/27/2025

Description

Ready for an Investment Property? This Unique opportunity allows you to acquire one of the most interesting former industrial buildings located in the Heart of Stroudsburg. The Olde Engine Works Began as a Machine & Train Repair shop in the early 1900's.Today this property Has 8 Units. The 22,000 Sqft Main building houses the Old Engine Works Antique Marketplace. The remaining 7 units are Fully Rented by Commercial tenants that provide excellent income. Some of the Stores include: a Music Studio, Dry Cleaner, Guitar Shop, and Machine & Tool Co. Currently being Offered as a Turn Key Sale to include the Antique Marketplace Business and all Rentals intact.OR if you have something else in mind, Mixed use Zoning gives this property ENDLESS Potential to be converted to multi-family residence

Supplements: or additional mixed-use units.It's In-Town location allows this Site to be serviced by all central utilities such as, water, sewer and natural gas. Excellent location within Walking distance to Down Town Main Street, ESU, and the Hospital. Less then 90 Minutes from NY City and 45 Minutes from Allentown or Scranton. Call Today to Schedule your appointment! Extremely motivated Seller... We would love to see all offers

More Information MLS# PM-89250

Contract Information

Listing Service: Full Service Lease Considered YN: No Property Sub Type: Business Sold Price: $1,295,000 Current Price: $1,295,000 Status: Closed Listing Contract Date: 2021-07-07

Location, Tax, and Legal

Parcel Number: 18-1.1.8.17 Municipality: Stroudsburg Borough High School District: Stroudsburg Area Cnty&Muni Taxes (Legacy): 10089.1 School Tax Amount: 24858.39 Tax Annual Amount: 35105.4 Tax Assessed Value: 934280 Tax Book Number: 2501/2273 Zoning Description: Commercial

General Property Information

Above Grade Finished Area: 41310 Building Area Source: Estimated Stories: 1 Number Of Buildings: 4 Year Built Source: Other Business Name: Old Engine Works Lot Size Acres: 1.64 List Price/SqFt: 31.35 Sold Price/SqFt: 31.35 Building Area Total: 41310 Year Built: 1902

Remarks and Miscellaneous

Public Historical Remarks: Road Type: Twp-rd, Level: Grade,Single, Location: FreeStnd, Exterior Amenities: Sign, #Doors: 6-10Full, Ceiling: 33+FT, Also Includes: Lease, Miscellaneous: Zoning Code Mixed Use / Comm Public Remarks: Ready for an Investment Property? This Unique opportunity allows you to acquire one of the most interesting former industrial buildings located in the Heart of Stroudsburg. The Olde Engine Works Began as a Machine & Train Repair shop in the early 1900's.Today this property Has 8 Units. The 22,000 Sqft Main building houses the Old Engine Works Antique Marketplace. The remaining 7 units are Fully Rented by Commercial tenants that provide excellent income. Some of the Stores include: a Music Studio, Dry Cleaner, Guitar Shop, and Machine & Tool Co. Currently being Offered as a Turn Key Sale to include the Antique Marketplace Business and all Rentals intact.OR if you have something else in mind, Mixed use Zoning gives this property ENDLESS Potential to be converted to multi-family residence

Unit Details

Number Of Units Leased: 8

Business Type

Hotel/Motel: 1 Manufacturing: 1

Listing Terms

Cash: 1 Conventional: 1

Lease Term Options

Month To Month: 1 Negotiable: 1

Owner Pays

Taxes: 1

Possession

Close Of Escrow: 1 Negotiable: 1

Current Use

Commercial: 1 Industrial: 1

Possible Use

Residential: 1 Industrial: 1 Warehouse: 1 Retail: 1 Automotive: 1 Investment: 1 Multi-Family: 1

Building Features

Fixtures Included: 1 Ceiling Height: 33 Loading Dock(s): 1 Number of Dock Doors: 10 Dock Leveler: 1 Other: 1 See Remarks: 1

Rail Road Track

None: 1

Flooring

Concrete: 1

Construction Materials

Brick: 1 Metal Siding: 1

Electric

3 Phase: 1 Phase 1: 1

Cooling

Wall/Window Unit(s): 1

Heating

Natural Gas: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Parking Features

On Site: 1

Lot Features

Corner Lot: 1

Road Frontage Type

City Street: 1 See Remarks: 1

Road Surface Type

Paved: 1 Asphalt: 1

Road Responsibility

Public Maintained Road: 1

Location Tax and Legal

County: Monroe Street Number: 64 Street Direction Prefix: N Street Name: 3rd Street Suffix: Street City (Post Office): Stroudsburg State: PA Postal Code: 18360 Subdivision Name: Other

Status Change Information

Price Change Timestamp: 2021-10-26T13:48:48Z Purchase Contract Date: 2021-12-22 Close Date: 2022-01-24 Close Price: 1295000

Property Features

Listing Terms: Cash; Conventional Lease Term Options: Month To Month; Negotiable Owner Pays: Taxes Possession: Close Of Escrow; Negotiable Current Use: Commercial; Industrial Possible Use: Residential; Investment; Automotive; Industrial; Multi-Family; Retail; Warehouse Business Type: Hotel/Motel; Manufacturing Building Features: Fixtures Included; Loading Dock(s); Dock Leveler; Other; See Remarks Rail Road Track: None Flooring: Concrete Construction Materials: Brick; Metal Siding Electric: 3 Phase; Phase 1 Cooling: Wall/Window Unit(s) Heating: Natural Gas Water Source: Public Sewer: Public Sewer Parking Features: On Site Lot Features: Corner Lot Road Frontage Type: City Street; See Remarks Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road
Listing Office: RE/MAX Crossroads
IDX
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.