248 S Sterling Rd - Hospitality FOR SALE


South Sterling, PA 18460
$1,900,000 USD
570-470-5912
248 S Sterling Rd, South Sterling, PA for Sale
$1,900,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

248 S Sterling Rd
South Sterling, PA 18460


HIGHLIGHTS

  • Beautiful Property with pond and stream on over 103 acres
  • Good Location in Pocono Mountains, near Lake Wallenpaupack, Waterparks and Skiiing
  • Lots of room for further development

OVERVIEW

Attention developers, the 103 acre Sterling Inn property is ideally located 20 minutes from Lake Wallenpaupack and Pocono attractions like waterparks and ski resorts. It’s the perfect canvas to recreate a beautiful resort or development. This property has all the right components, a beautiful pond, a stream, level open areas and undeveloped wooded forest. There are currently 11 buildings on the property ranging from cottages to the main inn, most buildings need extensive renovation or removal. The resort was operated until 2012 with a total of 67 units. Located in the RU-Rural District zone there are many possibilities for the property. See list of permitted uses in documents. This is a great redevelopment opportunity on a beautiful piece of property.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$82 USD /SF

# OF ROOMS

68

PRICE/ROOM

$27,941 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sterling Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1870

PARKING SPACES

70

LAND DETAILS

LAND ACRES

103 AC

LAND SF

4,486,680 SF

ZONING

Commercial

APN/PARCEL ID

08-0-0361-0056,08-0-0361-0056.0001

ASK ABOUT THIS PROPERTY

Eric EhrhardtDavis R. Chant RealtorsMore Info
570-470-5912

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Eric EhrhardtDavis R. Chant RealtorsMore Info
570-470-5912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.