304 Drinker Turnpike Covington Twp, PA 18424
6,042 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,042 sqft
Price per Sqft $91
MLS Listing ID 774825
Construction Status Unknown
HOA Y/N No
Year Built 1987
Annual Tax Amount $8,848
Lot Size 1.930 Acres
Acres 1.93
Property Sub-Type Apartment
Property Description
The property features one 3-bedroom apartment, two 1-bedroom apartments, a separate 1-bedroom cottage, and a spacious commercial space previously operated as a daycare. Whether your vision includes professional offices, retail, daycare, service business, or another approved commercial use, the flexible layout provides numerous possibilities.
With multiple residential units already established and additional leasing opportunities available, investors have the ability to significantly increase cash flow by stabilizing the property. The separate cottage also provides an ideal option for an owner-occupant to live on-site while generating rental income from the remaining units.
Strategically located on Route 435 with excellent visibility and just minutes from Kalahari Resort, Gouldsboro State Park, and Interstates 380, 84, and 81, this property benefits from strong year-round demand generated by the area's tourism, recreation, and local workforce.
Whether you're looking to expand your investment portfolio, create multiple income streams, or capitalize on a property with tremendous upside potential, this unique mixed-use opportunity offers the flexibility and long-term value that investors are seeking. Schedule your private tour today and explore the possibilities.
Location
State PA
County Lackawanna
Area 575 - Covington Township
Direction On US-22 E, take PA-33 N toward Stroudsburg. Continue on PA-33 N/US 209-N. Merge onto I-80 W toward Hazelton. Take exit 293 for I-380 N toward Scranton. Take exit 13 for PA-435/PA-507 toward Gouldsboro. Follow PA-435 N to property on left.
Interior
Heating Electric, Propane, Oil
Cooling Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Inclusions Real Estate Only
Fireplace No
Exterior
Exterior Feature Propane Tank - Leased
Parking Features Driveway, Off Street, Parking Lot
Water Access Desc Well
Street Surface Concrete
Road Frontage State Road
Total Parking Spaces 10
Building
Sewer Public Sewer, Septic Tank
Water Well
Construction Status Unknown
Schools
School District North Pocono
Others
Tax ID 22701010004
Special Listing Condition None