4551 Milford RdEast Stroudsburg, PA 18302

Property Details for 4551 Milford Rd

Year built

2012

Lot size

12.58 AC

Property size (Sq ft)

47,427 SF

Zone code

C1

Property type

Outlet malls

APN

09.9A.1.38-3

APU

099A1383

Description

This exceptional retail property, formerly a Rite Aid, offers 14,673 square feet of versatile space available for lease, divisible to a minimum of 2,500 square feet. Located at 4551 Milford Rd in East Stroudsburg, PA 18302, this Class A property boasts a prime location at the main entrance to the Crossings at Marshalls Creek, ensuring high visibility and accessibility. The property features four buildings situated on 12.58 acres of land, providing ample space for various retail or restaurant uses. With over 70 parking spaces and convenient access to public utilities, this location is ideal for businesses seeking a strong presence in a thriving commercial area. Built in 2012, the property benefits from modern amenities including elevators. The zoning is EDD COMMERCIAL, and the property enjoys an average daily traffic count exceeding 20,000 vehicles. This presents a significant opportunity for businesses to establish themselves in a high-traffic area alongside established tenants such as Price Chopper, LVHN/LVPG, Mavis Tire, AT&T, and Verizon. The property taxes are $7 per square foot. While the entire 14,673 square feet is currently vacant, the owner is open to considering multi-tenant scenarios on a case-by-case basis. A strong credit tenant is preferred for a long-term lease. Excellent signage opportunities are available.

• CAP approach

  CAP return

  Valuation

  6%

  $17,318,954

  6.5%

  $15,986,728

  7%

  $14,844,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,720,932

  Geo Method

  $15,615,966

• Alternative Use

  Use

  Valuation

  Residential

  $13,485,403

  Hospitality

  $12,352,556

  Educational

  $10,277,182

  Medical

  $10,630,630

  Retail

  $15,986,728

Location Insight

City

East Stroudsburg

County

Monroe

State

Pennsylvania

Latitude

41.0501

Longitude

-75.1117

CBSA code

20700

CBSA name

EAST STROUDSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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