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Note
Property Overview
Price/Rent PSF $ 6,950,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 85,282
Date Available 10/12/2018
Additional URL Link
Parking 192
Floors 2
Additional parameters Show
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Description

Location
Excellent location directly off Route 80's Main Street exit in Stroudsburg. Terrific visibility with immediate access to major PA interchange. The immediate Route 80 interchange has been approved for a major expansion due to the high flow of traffic and connection to Routes 209/33.

Stroudsburg is five miles from the Delaware Water Gap and the county seat for Monroe County, one of the four counties making up the Pocono Region. The Pocono Region is the top tourist destination in Pennsylvania seeing $1 billion in economic impact and 8 million visitors annually.

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

Sale
This hotel in Stroudsburg has been a staple in the area's hospitality industry since its inception in 1970. Its outstanding location, directly off Route 80 on Main Street, is a prime location for a variety of uses. With the new Route 80 interchange being constructed close by, this location cannot be surpassed.

The property boasts 134 rooms, a courtyard pool, a fitness center, a full-service restaurant, full-service bar area, multiple meeting rooms, a ballroom, and a conference room. The restaurant can seat over 100 guests. The ballroom has a maximum capacity of 150 guests. Each guest bedroom has direct heating and cooling.

In addition to the hotel, total land included in the sale spans 13.28 acres. An engineering review has indicated the ability to add a 7,000 sf retail site or 7,000-15,000 sf office facility on one acre.

Location

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