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47+ Acre Multi-Family Development Site

Listing was updated at: 06/04/2019
47+ Acre Multi-Family Development Site 47+ Acre Multi-Family Development Site 47+ Acre Multi-Family Development Site

Property Overview

Price/Rent PSF $ 920,000.00
Asset Type Land
Trade Type Sale
Acres Available 47.84
Date Available 05/23/2019
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Description

Location
The Pocono Mountains is approximately 2 hours from Philadelphia, Harrisburg or Trenton and 1.5 hours from New York City. Area attractions and major employers include Sanofi Pasteur, Kalahari Resorts, Pocono Manor Resort, Great Wolf Lodge and Mt. Airy Casino Resort. Pocono Mountain School District and The Crossings Premium Outlets are also in close proximity.

Major area developments include the proposed $400 million Pocono Springs Entertainment Village and 130,000 square foot expansion of Kalahari Resort’s convention center, both within 2.5 miles from this location. Mount Pocono Borough is located in Monroe County, Pennsylvania. Interstate 380 exit 3 is less than 3 miles west. Nearby retailers include ShopRite, Ace Hardware, NAPA Auto Parts, Burger King, Rite Aid, PNC Bank, Pizza Hut, Dunkin Donuts, and Wendy’s.

Sale
KW Commercial, The Daniel Perich Group is offering this development site for sale in Mount Pocono. The 47.84-acre site is zoning R-2 and C-2. The property is located just off the 5-points intersection of State Routes 611, 940 and 196 with two points of egress and ingress including a deeded right-of-way to Route 196. Current traffic count is nearly 24,000 ADT at the 5 points intersection. Conceptual drawing on file shows 132 multifamily units serviced by public water and sewer.

Location

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