Industrial Properties
5357 Development Park Drive Pocono Summit, PA 18346
Details & Description
Price: $2,750,000
    Silver Fox NNN Capital Group in partnership with The Daniel Perich Group of KW Commercial are pleased to exclusively present on behalf of ownership the fee-simple interest in this free-standing 41,160 square foot building in Pocono Summit, PA. The 33,600 square foot footprint offers 12-27 foot ceilings. The steel frame, 1.3-story block building is constructed on a 4" concrete-slab with WWF and vapor barrier on 6" crushed stone base foundation with painted concrete-block exterior walls; metal framed storefront glass entry & egress doors with no mounted windows; and a flat rubber-membrane roof with trench gutters & drain pipes. HVAC is provided via a roof-mounted compressors & electric heat pumps to the building interior.The ground floor contains approximately 33,600 square feet, and is divided into a main entrance foyer, a food service area with a commercial kitchen, a bowling alley with 36 lanes and a service corridor, a sales area with a service counter, a game arcade, a billiard area, an office storage room, one (1) private office, a sports/repair shop, a bar with a billiard room, and four (4) restrooms. The upper level contains approximately 7,560 square feet and is an open, un-partitioned studio area. Interior finishes include finished concrete floors, painted-block walls, and open un-insulated ceilings to the trusses with suspended florescent lighting.Property is accessed by two curb-cuts; however, direct access from State Route 940 is not currently available. The parcel is designated as a “C-I”, Commercial-Industrial District Zone of Tobyhanna Township, which allows for a wide variety of commercial land uses.Conceptual drawing on file shows redevelopment of parcel to a proposed 4-story, 100-room hotel and 2,473 square foot QSR with drive-thru. Adjacent 5-acre parcel is available for additional purchase and is situated at the proposed lighted entrance to the planned Pocono Springs Entertainment Village - a 1.4 million square foot $450MM entertainment and dining destination opening in 2022 with Ripley’s Aquarium. With projected 4.5 million visitors annually, this proposed hard corner is a premier site with a projected 30,000 ADT. Sheetz has executed a 20-year lease for 2.5 acres, leaving the remaining 2.5 acres ideal for numerous retail uses including sit-down restaurant, retail and medical. Public water and sewer are anticipated at this location soon.
    Property Highlights
    Listing Agents
    Daniel Perich

    O: 570-213-4900
    M: 570-350-3960
    dperich@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5357 Development Park Drive

    Pocono Summit, PA 18346

    Listing ID: 271958
    • 5357 Development Park Drive Pocono Summit, PA 18346 | for Sale | Photo 1
    • 5357 Development Park Drive Pocono Summit, PA 18346 | for Sale | Photo 2
    • 5357 Development Park Drive Pocono Summit, PA 18346 | for Sale | Photo 3
    5357 Development Park Drive | for Sale | Thumbnail 1
    5357 Development Park Drive | for Sale | Thumbnail 2
    5357 Development Park Drive | for Sale | Thumbnail 3
    Building Size: 41,160 SF
    Lot Size: 5.010 AC
    Land Size: 218,235 SF
    Building $/SF: $66.81
    Land $/SF: $12.60
    Price
    $2,750,000
    Property Highlights
    18 mile from Interstate 380
    Steel frame, 1.3-story block building on 4 concrete-slab foundation
    Roof-mounted HVAC electric heat pumps
    Fully Sprinklered
    Ceiling heights 12-27 feet
    Free standing 41,160 square foot building with a 33,600 square foot footprint
    Description

    Silver Fox NNN Capital Group in partnership with The Daniel Perich Group of KW Commercial are pleased to exclusively present on behalf of ownership the fee-simple interest in this free-standing 41,160 square foot building in Pocono Summit, PA. The 33,600 square foot footprint offers 12-27 foot ceilings. The steel frame, 1.3-story block building is constructed on a 4" concrete-slab with WWF and vapor barrier on 6" crushed stone base foundation with painted concrete-block exterior walls; metal framed storefront glass entry & egress doors with no mounted windows; and a flat rubber-membrane roof with trench gutters & drain pipes. HVAC is provided via a roof-mounted compressors & electric heat pumps to the building interior.

    The ground floor contains approximately 33,600 square feet, and is divided into a main entrance foyer, a food service area with a commercial kitchen, a bowling alley with 36 lanes and a service corridor, a sales area with a service counter, a game arcade, a billiard area, an office storage room, one (1) private office, a sports/repair shop, a bar with a billiard room, and four (4) restrooms. The upper level contains approximately 7,560 square feet and is an open, un-partitioned studio area. Interior finishes include finished concrete floors, painted-block walls, and open un-insulated ceilings to the trusses with suspended florescent lighting.

    Property is accessed by two curb-cuts; however, direct access from State Route 940 is not currently available. The parcel is designated as a “C-I”, Commercial-Industrial District Zone of Tobyhanna Township, which allows for a wide variety of commercial land uses.

    Conceptual drawing on file shows redevelopment of parcel to a proposed 4-story, 100-room hotel and 2,473 square foot QSR with drive-thru. Adjacent 5-acre parcel is available for additional purchase and is situated at the proposed lighted entrance to the planned Pocono Springs Entertainment Village - a 1.4 million square foot $450MM entertainment and dining destination opening in 2022 with Ripley’s Aquarium. With projected 4.5 million visitors annually, this proposed hard corner is a premier site with a projected 30,000 ADT. Sheetz has executed a 20-year lease for 2.5 acres, leaving the remaining 2.5 acres ideal for numerous retail uses including sit-down restaurant, retail and medical. Public water and sewer are anticipated at this location soon.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Scranton History of Industrial Properties for Sale

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    Pocono Summit Area Market Trends

    Listing Demographics for 5357 Development Park Drive Pocono Summit, PA 18346

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,3269,58223,828
    Population Median Age434241
    Population by Age0-9 Yrs133 (10%)1105 (11%)2653 (11%)
    10-19 Yrs192 (14%)1159 (12%)3084 (12%)
    20-29 Yrs82 (6%)795 (8%)2649 (11%)
    30-39 Yrs161 (12%)1278 (13%)2921 (12%)
    40-49 Yrs177 (13%)1291 (13%)3128 (13%)
    50-59 Yrs187 (14%)1303 (13%)3744 (15%)
    60-69 Yrs190 (14%)1280 (13%)3046 (12%)
    70+ Yrs203 (15%)1371 (14%)2604 (10%)
    Median HH Income$66,009$59,741$63,172
    Total Household Income< 24K49 (10%)572 (15%)1309 (15%)
    25-49K111 (23%)924 (25%)1979 (23%)
    50-74K111 (23%)772 (21%)1716 (20%)
    75-99K63 (13%)457 (12%)1275 (15%)
    100-199K132 (27%)835 (22%)1817 (21%)
    200K+6 (1%)76 (2%)305 (3%)
    Highest Education LevelNo Diploma1489961925
    Diploma or GED30023656011
    Some College27315753579
    Assoc. Degree815961422
    Bachelors Degree1058332195
    Higher Degree605821518
    Total Housing Units8815,50613,104
    --Owner-Occupied4052,8036,669
    --Renter-Occupied688341,733
    Owner-Occupied Values< 100K735231386
    100-199K24016353677
    200-299K574291009
    300-399K774251
    400-499K1998181
    500K+1043164
    Total Working Age Population1,0607,66919,276
    In Work Force6304,76311,970
    Not In Work Force4302,9067,306
    Workforce Employed5984,44811,039
    Workforce Unemployed32297908
    Civlian Workforce6304,74511,947
    Military Workforce01923
    Total Households4733,6368,401
    Family Households3592,3855,805
    Non-Family Households1131,2512,597
    Married Couple3101,8654,397
    Other Family495201,408
    Married w/Child1217191,719
    Single Male w/Child15184316
    Single Female w/Child8121426

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Carbon County58,802+1165,249-263,692-262,144
    Lackawanna County213,295+1214,437+3221,688+3229,062
    Monroe County138,687+22169,842+3174,721+3179,312
    Pike County46,302+2457,369-256,192-155,783

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5357 Development Park Drive in Pocono Summit?
    The asking price for 5357 Development Park Drive is $2,750,000
    What is the building size of this Industrial property in Pocono Summit, PA?
    The size of the building/unit at 5357 Development Park Drive in Pocono Summit is 41,160 square feet
    How much land does the Pocono Summit, PA property at 5357 Development Park Drive include?
    5357 Development Park Drive in Pocono Summit includes 5.010 acres of land
    What kind of Industrial is the propery at 5357 Development Park Drive?
    The property at 5357 Development Park Drive Pocono Summit, PA 18346 is listed as a Flex-Office-Warehouse Industrial property
    What is the population within 1 mile of 5357 Development Park Drive in Pocono Summit?
    The population within 1 mile of 5357 Development Park Drive Pocono Summit, PA 18346 is 1,326 people.
    Who do I contact for questions about 5357 Development Park Drive?
    You should contact the listing agent, Daniel Perich, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Newark Liberty International Airport (EWR) 70
    La Guardia Airport (LGA) 83
    Philadelphia International Airport (PHL) 86