For Sale
$689,000

746-748 Milford Rd East Stroudsburg, PA 18301

5-Unit Property, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 5-unit mixed-use property in East Stroudsburg, Pennsylvania, presents a compelling investment opportunity. Located at 746-748 Milford Rd, 18301, this 8,552 square foot building offers a blend of residential and commercial space. Currently, the property boasts two occupied apartments and three vacant commercial units, previously used for retail and/or office purposes. The asking price is $689,000, translating to $80.57 per square foot. The property's 50% occupancy rate provides immediate income potential, while the vacant commercial spaces offer significant upside through leasing. This prime location benefits from central utilities and existing impervious coverage, presenting potential for redevelopment or conversion into a multi-family property. The strategic blend of residential and commercial units allows for owner-occupancy, generating both rental income and personal use. This versatile property is ideally suited for an investor seeking a blend of immediate return and long-term growth potential in a desirable Pennsylvania location. The existing infrastructure and location make this a truly unique opportunity in the thriving East Stroudsburg market. Serious inquiries are encouraged to explore this promising investment.

Highlights

  • $689,000 asking price for this mixed-use property.
  • 8,552 square feet total.
  • $80.57 price per square foot.
  • 50% occupancy rate; two occupied apartments and three vacant commercial units.
  • Located at 746-748 Milford Rd, East Stroudsburg, PA 18301.

Property Details for 746-748 Milford Rd

Property type
Retail properties, Mixed-use properties
Square Feet
8,552 SF

Location Insight

City
East Stroudsburg
County
Monroe
State
Pennsylvania
Latitude
41.019710767985
Longitude
-75.178606427748

FAQs

What type of property is this?
Retail property - 5-Unit Property, High Potential
Where is the retail property located?
The property is located at 746-748 Milford Rd East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: $689,000 asking price for this mixed-use property.; 8,552 square feet total.; $80.57 price per square foot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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746-748 Milford Rd
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