970 PA-196, Tobyhanna, PA 18466
$700,000
Property Type:
Commercial Sale
Square Footage:
12,400
Lot Size (sq. ft.):
235,224
Status:
Closed
Current Price:
$700,000
List Date:
5/25/2021
Last Modified:
2/28/2025
Description
Great opportunity with a captive audience. Currently 9 individual occupied units. You can add on to this location making it full service to the multiple gated communities of 4500 houses. Great location for the additional of a gas station, laundromat, pad site for a bank. Local commuters to NY grab the bus at this location. Currently NOI 92656. cap 10.65%
More Information MLS# PM-87889
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $700,000
Current Price: $700,000
Status: Closed
Listing Contract Date: 2021-05-15
Location, Tax, and Legal
Parcel Number: 036335820819737
Municipality: Coolbaugh Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 14.63
School Tax Amount: 43.83
Tax Annual Amount: 58.46
Tax Assessed Value: 2202.07
Tax Book Number: 2178/2418
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 12400
Building Area Source: Public Records
Stories: 1
Number Of Buildings: 1
Year Built Source: Estimated
Lot Size Acres: 5.4
List Price/SqFt: 70.16
Sold Price/SqFt: 56.45
Building Area Total: 12400
Remarks and Miscellaneous
Public Historical Remarks: Warranty: None, Level: Grade, Location: FreeStnd, Miscellaneous: Zoning Code C-1
Public Remarks: Great opportunity with a captive audience. Currently 9 individual occupied units. You can add on to this location making it full service to the multiple gated communities of 4500 houses. Great location for the additional of a gas station, laundromat, pad site for a bank. Local commuters to NY grab the bus at this location. Currently NOI 92656. cap 10.65%
Unit Details
Number Of Units Leased: 9
Business Type
Fast Food: 1
Grocery: 1
Laundromat: 1
Convenience Store: 1
Gas Station: 1
Income and Expenses
Cap Rate: 10.65
Listing Terms
Cash: 1
Conventional: 1
Trade: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Shopping Center: 1
Retail: 1
Building Features
Number of Levels: 1
Other: 1
Rail Road Track
None: 1
Cooling
Wall/Window Unit(s): 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Road Frontage Type
State Road: 1
Road Surface Type
Paved: 1
Asphalt: 1
Other: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 970
Street Name: PA-196
City (Post Office): Tobyhanna
State: PA
Postal Code: 18466
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2021-06-24
Close Date: 2021-08-19
Close Price: 700000
Property Features
Listing Terms: Cash; Conventional; Trade
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Retail; Shopping Center
Business Type: Fast Food; Grocery; Laundromat; Convenience Store; Gas Station
Building Features: Other
Rail Road Track: None
Cooling: Wall/Window Unit(s)
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Road Frontage Type: State Road
Road Surface Type: Paved; Asphalt; Other
Road Responsibility: Public Maintained Road
Listing Office:
Signature Realty, LLC
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
