3827 Route 115
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3827 Route 115
8,000 SF 100% Leased Retail Building Blakeslee, PA 18610 $1,400,000 ($175/SF) 10% Cap Rate
Investment Highlights
- With a new roof, recently paved parking lot, and a new well installed in 2023
- and offers seamless access to both Wilkes Barre and Stroudsburg
- Strategically located near numerous Pocono communities, it enjoys a vast customer base
- Secure your stake in this prosperous and well-established establishment
Executive Summary
Owner financing for qualified buyers. The owner will release financials to qualified buyers.
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
1983
Price
$1,400,000
Price Per SF
$175
Cap Rate
10%
NOI
$140,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
1.50 AC
Zoning
C1 - Commercial zoning classification that allows for a variety of uses, including retail, office, and entertainment businesses
Frontage
128 FT on Pennsylvania 115
About 3827 Route 115 , Blakeslee, PA 18610
Introducing La Roma Pizzeria paired with the Brick Lounge, boasting a solid 10% Cap Rate. This comprehensive offering features an apartment rental, a prominent 12X24 billboard, a thriving restaurant, an inviting bar, and a valuable liquor license. The property, spread over 1.5 acres on a prime corner, supports both residential and commercial uses.
PROPERTY TAXES
| Parcel Number | 20.8F.1.24 | Improvements Assessment | $762,750 |
| Land Assessment | $61,200 | Total Assessment | $823,950 |
PROPERTY TAXES
Parcel Number
20.8F.1.24
Land Assessment
$61,200
Improvements Assessment
$762,750
Total Assessment
$823,950
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3827 Route 115
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