2.3 Acres with Lighted Access

2820 Route 611 Tannersville, PA 18372

2820 Route 611, Tannersville, PA, 18372
2820 Route 611, Tannersville, PA, 18372
FOR SALE
Property Type:
Other Land
Amount:
$1,900,000
Last Verified:
Jun 20, 2019


Description

KW Commercial, The Daniel Perich Group is offering this development site for sale in Tannersville. The 2.3-acre property is situated adjacent to the Tannersville Plaza. The site has lighted access with a deeded easement from the traffic light through the shopping center parking lot. Site offers 147 feet of road frontage along State Route 611 with a daily traffic count of nearly 14,000 vehicles. Property is serviced by public utilities.

Tannersville is located in Pocono Township, Monroe County, Pennsylvania. Nearby area attractions include The Crossings Premium Outlets, Cambelback Ski Resort and Waterpark, Pocono Manor Resort, Great Wolf Lodge and Mt. Airy Casino Resort. Sanofi Pasteur and Pocono Mountain School District are also in close proximity. Population of 25,757 with a median household income of $ 77,699 within 5 miles.

The Pocono Mountains, which has 27.9 million visitors each year, is approximately 2 hours from Philadelphia, Harrisburg or Trenton and 1.5 hours from New York City. Travel spending exceeds $3.3 billion annually of which 19% is on food and beverage. The Poconos features more than 30 golf courses, 4 indoor waterparks, abundant shopping centers and various seasonal recreational activities. Major area developments include the proposed $400 million Pocono Springs Entertainment Village, the 130,000 square foot expansion of Kalahari Resort’s convention center, and the new Harley Davidson dealership.

Lot Size: 2.3 acres

Map of 2820 Route 611, Tannersville, PA, 18372

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.