Michael Baxter & Associates Commercial Real Estate
1992 West Main St. Stroudsburg, PA 18360
P: (570) 421-7466 • (800) 930-9788
F: (570) 421-7844
info@baxcommercial.com

100% Commercial, 100% of the Time

Listing

Brian K. Coyne


Office Phone:
(570) 421-7466x242


Contact Advisor

PM-53574

Mt Nebo Rd, East Stroudsburg, PA 18302


Property Description

Potential Apartment Complex Development Site in LERTA Zone. Preliminary engineering indicates potential for a 96-unit apartment or senior housing complex. Commercial zoning permits many additional varied uses for the land. Located within walking distance to grocery anchored shopping center, pharmacy, park and ride lot, fast food and gas station.LERTA zone provides tax incentive for new development. Also available is special financing for public sewer connection. Local Economic Revitalization Tax Assistance Act (LERTA) - Allows local taxing authorities (County, Municipal, School District) to grant tax abatements on improvements made to business properties in designated areas.Tax Abatement is over 5 years starting with 100% and decreasing 20% per year. REF#2237-CL

Property Directions

BASIC PROPERTY INFORMATION

Property Information


MLS# - PM-53574
Listing & Location Information
County: Monroe
Municipality/ Twnshp: Middle Smithfield Township
List Price: $750,000.00
Zoning Code: C-1

Property Features

Sewer: None
Total SqFt.: 0.00
Total Acres: 38.30