37 Mill Creek Road

Description

Discover an exceptional investment opportunity at 37 Mill Creek Road, a premier multi-tenant office building strategically located in the heart of East Stroudsburg. Boasting a robust Cap Rate 7.29%, this property is a turnkey powerhouse for savvy investors seeking immediate cash flow and long-term stability in the Pocono region. The building features approximately 7,908 square feet of versatile, professional space across three floors and a separate garage, currently configured to accommodate a diverse range of tenants with private office suites, and an existing daycare occupying 2 floors. Efficiency and modernity are at the core of this asset, which is serviced by a cost-effective geothermal heating and cooling system, significantly reducing overhead and appeal to environmentally conscious investors. A new roof was installed on the main building in November 2025. All rents include annual increases. The property is served by 3 phase electric and is zoned M1 Industrial. There is a Certificate of Non-conforming Use dating back to the 1988 construction permitting general office/commercial uses. This non-conforming was confirmed in 2006 and a new certificate was issued 2026. Documentation provided upon request. The property sits on a total of 4 lots. The main building and garage sit on one lot. The rear parking lot is on a separate lot. The geo-thermal ground loop sits on two lots across the street. The property is served by public water and a private septic system. The 4 parcels included in the sale are 17730219610425, 17730219611314, 17730219519199, 17730219610163 ***Income and expense numbers include both CapEx Reserves and and a Vacancy Factor of 3% each. Income after incurred expenses is $64,116.95 annually.