690 Route 940 Route, Pocono Lake, PA 18347
$2,375,000
Property Type:
Commercial Sale
Square Footage:
11,673
Lot Size (sq. ft.):
163,350
Status:
Closed
Current Price:
$2,375,000
List Date:
6/25/2022
Last Modified:
2/28/2025
Description
Property is under contract and considering back- up offers only at this time. Please Submit Final Highest and Best Offer. Owner Ready to sell. Motel, Cabin, 3-4 Bedroom ranch home plus office. 27 Current units with additional 5 mini kitchen one bath units to be added. Continue as motel or convert to Short Term Rental units. Huge opportunity to do Airbnb type rentals with multiple units all in one convenient location adjacent to a restaurant and lose to skiing, waterparks, racetrack etc.
More Information MLS# PM-93932
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $2,375,000
Current Price: $2,375,000
Status: Closed
Listing Contract Date: 2022-01-11
Location, Tax, and Legal
Parcel Number: 19.15C.1.11
Municipality: Tobyhanna Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 2779.03
School Tax Amount: 10705.11
Tax Annual Amount: 13484.13
Tax Assessed Value: 537810
Tax Book Number: 2433/9755
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 11173
Building Area Source: Estimated
Stories: 1
SqFt. Below Grade (Legacy): 500
Year Built Source: Other
Business Name: Sullivan Trail Motel, Inn and Suites
Lot Size Acres: 3.75
Lot Size Dimensions: 3.75 Acres
List Price/SqFt: 209.89
Sold Price/SqFt: 203.46
Building Area Total: 11673
Year Built: 1974
Remarks and Miscellaneous
Public Historical Remarks: Level: Grade, Exterior Amenities: Sign, Ceiling: 0-9FT, Miscellaneous: Zoning Code comm
Public Remarks: Property is under contract and considering back- up offers only at this time. Please Submit Final Highest and Best Offer. Owner Ready to sell. Motel, Cabin, 3-4 Bedroom ranch home plus office. 27 Current units with additional 5 mini kitchen one bath units to be added. Continue as motel or convert to Short Term Rental units. Huge opportunity to do Airbnb type rentals with multiple units all in one convenient location adjacent to a restaurant and lose to skiing, waterparks, racetrack etc.
Business Type
Bed & Breakfast: 1
Hotel/Motel: 1
Nursing Home: 1
Professional/Office: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Residential: 1
Medical/Dental: 1
Multi-Family: 1
Building Features
Equipment Warranty: 1
Fixtures Included: 1
Inventory Included: 1
Ceiling Height: 9
Other: 1
Construction Materials
Brick: 1
Frame: 1
Roof
Other: 1
Electric
200+ Amp Service: 1
Circuit Breakers: 1
Cooling
Ductless: 1
Heating
Electric: 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: 690
Street Name: Route 940
Street Suffix: Route
City (Post Office): Pocono Lake
State: PA
Postal Code: 18347
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2022-03-16
Close Date: 2022-06-06
Close Price: 2375000
Property Features
Listing Terms: Cash; Conventional; Owner May Carry
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Residential; Medical/Dental; Multi-Family
Business Type: Bed & Breakfast; Hotel/Motel; Nursing Home; Professional/Office
Building Features: Equipment Warranty; Fixtures Included; Inventory Included; Other
Construction Materials: Brick; Frame
Roof: Other
Electric: 200+ Amp Service; Circuit Breakers
Cooling: Ductless
Heating: Electric
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:
USA Realty
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
