4.8 Acre Development Opportunity

Oak Grove Road East Stroudsburg, PA 18302

Oak Grove Road, East Stroudsburg, PA, 18302
Oak Grove Road, East Stroudsburg, PA, 18302 Oak Grove Road, East Stroudsburg, PA, 18302 Oak Grove Road, East Stroudsburg, PA, 18302 Oak Grove Road, East Stroudsburg, PA, 18302
FOR SALE
Property Type:
Other Land
Amount:
$147,000
Last Verified:
Jul 20, 2024

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Description

The Daniel Perich Group of KW Commercial Real Estate is pleased to present this versatile 4.8-acre parcel located on Oak Grove Rd in East Stroudsburg, PA. With 470 feet of frontage and a traffic count of less than 1,000 vehicles per day, this property offers a unique development opportunity. Zoned C-1, it permits multifamily development and self-storage under conditional use. Other permitted uses by right include light manufacturing, wholesale/warehousing, vehicle service & repair, and more.

Public utilities are available at the corner of Oak Grove Rd and Route 209. While no recent plans or surveys are on file, the property's prime location is underscored by nearby developments, including a brand new 96-unit apartment complex and a new Tractor Supply store. Additionally, the property is within walking distance to a grocery store and other amenities, making it an attractive investment for various commercial or residential ventures.

Situated in picturesque East Stroudsburg, PA, the area surrounding the property offers a strategic location with a charming backdrop. This vibrant community is surrounded by natural beauty, including the stunning landscapes of the Pocono Mountains. Nearby, prospective investors will find the bustling East Stroudsburg University campus, providing a dynamic source of potential talent and opportunities for collaboration. With a variety of local restaurants, shops, and entertainment options, the area offers a blend of convenience and leisure. Additionally, the property's proximity to major highways and transportation hubs ensures seamless connectivity to wider business networks. Explore the possibilities in this thriving location.

Lot Size: 4.8 acres

Map of Oak Grove Road, East Stroudsburg, PA, 18302

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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.