720 Milford Road, East Stroudsburg, PA 18301
$1,150,000
Property Type:
Commercial Sale
Square Footage:
5,580
Lot Size (sq. ft.):
24,394
Status:
Closed
Current Price:
$1,150,000
List Date:
5/30/2018
Last Modified:
2/28/2025
Description
Full-service laundromat with strong history plus rental income. 6-Unit neighborhood center including owner's laundromat business and 3 additional rental units. Laundromat has newer equipment with long standing customer base. Ideally located to local colleges and residential communities in the downtown retail district in East Stroudsburg Borough. Mix of 20-100 lb dryers (approx 40) and 30-75 lb washers (approx 50). Owner out of state, locally managed and staffed, owner seeking retirement. The 3 leased rental units contribute an additional $30,000+ per year in income. Call for more details.
More Information MLS# PM-58016
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $1,150,000
Current Price: $1,150,000
Status: Closed
Listing Contract Date: 2018-05-30
Location, Tax, and Legal
Parcel Number: 05-6.1.3.8-2
Municipality: East Stroudsburg Borough
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 3664.83
School Tax Amount: 13622.29
Tax Annual Amount: 17287.12
Tax Assessed Value: 76590
Tax Book Number: 2190/7234
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 5580
Stories: 1
Year Built Source: Other
Lot Size Acres: 0.56
List Price/SqFt: 250.9
Sold Price/SqFt: 206.09
Building Area Total: 5580
Year Built: 1982
Remarks and Miscellaneous
Public Historical Remarks: Roof: Ridged, Level: Grade, Location: FreeStnd, Exterior Amenities: Sign, Miscellaneous: Zoning Code C2-Commercial
Public Remarks: Full-service laundromat with strong history plus rental income. 6-Unit neighborhood center including owner's laundromat business and 3 additional rental units. Laundromat has newer equipment with long standing customer base. Ideally located to local colleges and residential communities in the downtown retail district in East Stroudsburg Borough. Mix of 20-100 lb dryers (approx 40) and 30-75 lb washers (approx 50). Owner out of state, locally managed and staffed, owner seeking retirement. The 3 leased rental units contribute an additional $30,000+ per year in income. Call for more details.
Business Type
Laundromat: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Shopping Center: 1
Retail: 1
Building Features
Equipment Warranty: 1
Fixtures Included: 1
Inventory Included: 1
Other: 1
Construction Materials
Brick: 1
Roof
Other: 1
Cooling
Other: 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Lot Features
Corner Lot: 1
Road Frontage Type
State Road: 1
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: 720
Street Name: Milford
Street Suffix: Road
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Status Change Information
Purchase Contract Date: 2018-07-31
Close Date: 2018-11-19
Close Price: 1150000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Retail; Shopping Center
Business Type: Laundromat
Building Features: Equipment Warranty; Fixtures Included; Inventory Included; Other
Construction Materials: Brick
Roof: Other
Cooling: Other
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Parking Features: On Site
Lot Features: Corner Lot
Road Frontage Type: State Road; City Street; Highway
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
