New Price! 4800sf Office Building in Qualified Opportunity Zone

800 Main Street Stroudsburg, PA 18360

800 Main Street, Stroudsburg, PA, 18360
800 Main Street, Stroudsburg, PA, 18360
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$425,000
Last Verified:
Apr 15, 2019

Highlights

  • Ideally located on Main Street just off of Interstate 80 in the heart of downtown Stroudsburg
  • Included in the Stroudsburg Borough Qualified Opportunity Zone -- multiple tax benefits available
  • Close to Monroe County Courthouse, financial institutions, hotels, restaurants, specialty stores and other retailers
  • Ten offices -- 4 offices on the 1st floor and 6 offices on the 2nd floor.
  • Third floor offers space for storage of documents or possible conversion to apartment.
  • Public Gas, Water and Sewer
  • Building completely wired for computers and telephone
  • Has own parking lot with 12 spaces

Description

Charming, professional 4,800 sf office building with a fantastic location in downtown Stroudsburg. Space is located only two short blocks from the Monroe County Courthouse and situated in a Qualified Opportunity Zone. Impressive lobby on first floor, ample office space and parking lot with 12 spaces in rear of building (unusual for a property in the Borough). Building is completely wired for computers and telephone. Ideal for professional services (legal, insurance, medical), other service organizations or even restaurant/cafe. Each floor can be rented with 3rd floor as possible apartment.

The building is located on Main Street in Stroudsburg's vibrant cultural and business district and only two blocks from the Monroe County Courthouse. Nearby properties include other office buildings, restaurants, specialty retailers, hotels, financial institutions, and other professional service organizations. As the county seat of Monroe County and part of the East Stroudsburg, PA MSA, Stroudsburg is just off of Interstate 80 and considered the core of the legal profession in Monroe County.

Situated in a Qualified Opportunity Zone, which offers investors 3 tax incentives for investing in the Borough:
https://www.pmedc.com/approval-of-pa-qualified-opportunity-zones/
http://eig.org/opportunityzones
http://eig.org/wp-content/uploads/2018/02/Opportunity-Zones-Fact-Sheet.pdf


Year Built: 1902
Building Size: 4800.0sq ft
Building Class: C
Lot Size: 0.16 acres

Map of 800 Main Street, Stroudsburg, PA, 18360

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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.