ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF …...• Ten offices -- 4 offices on the 1st floor...

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SVN | IMPERIAL REALTY | 1611 POND ROAD, SUITE 200, ALLENTOWN, PA 18104 SALE BROCHURE ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! 800 MAIN STREET STROUDSBURG, PA 18360 Steven A. Wilson Associate Advisor 484.245.1021 [email protected]

Transcript of ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF …...• Ten offices -- 4 offices on the 1st floor...

Page 1: ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF …...• Ten offices -- 4 offices on the 1st floor and 6 offices on the 2nd floor. • Third floor offers space for storage of documents

SVN | IMPERIAL REALTY | 1611 POND ROAD, SUITE 200, ALLENTOWN, PA 18104 SALE BROCHURE

ATTRACTIVE PRICEAND TAXINCENTIVES FOR4800 SF OFFICEBUILDING!800 MAIN STREETSTROUDSBURG, PA 18360

Steven A. WilsonAssociate [email protected]

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OFFERING SUMMARY

Sale Price: $425,000

Year Built: 1902

Building Size: 4,800 SF

Renovated: 1993

Zoning: C-2 Commercial

Price / SF: $88.54

PROPERTY OVERVIEWCharming, professional 4,800 sf office building with a highly visible location indowntown Stroudsburg. Space is located only two short blocks from theMonroe County Courthouse and situated in a Qualified Opportunity Zone.Impressive lobby on first floor, ample office space and parking lot with 12spaces in rear of building. Building is completely wired for computers andtelephone. Ideal for law office, insurance agent, title/mortgage office, staffingcompany -- or repurposed as restaurant, cafe or other retail. Each floor can berented with 3rd floor as possible apartment.

PROPERTY HIGHLIGHTS• Ideally located on Main Street just off of Interstate 80 in the core of Monroe County's legal

community

• Included in the Stroudsburg Borough Qualified Opportunity Zone -- multiple tax incentives available

• Close to Monroe County Courthouse, financial institutions, hotels, restaurants, specialty stores andother retailers

• Ten offices -- 4 offices on the 1st floor and 6 offices on the 2nd floor.

• Third floor offers space for storage of documents or possible conversion to apartment.

• Public Gas, Water and Sewer

• Building completely wired for computers and telephone

• Has own parking lot with 12 spaces -- uncommon in Borough

Property Summary

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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SALE HIGHLIGHTS

• Ideally located on Main Street just off of Interstate 80 in the

core of Monroe County's legal community

• Close to Monroe County Courthouse, financial institutions,

hotels, restaurants, specialty stores and other retailers

• Ten offices -- 4 offices on the 1st floor and 6 offices on the

2nd floor.

• Third floor offers additional office space, storage area or

possible conversion to apartment (kitchen available).

• Basement provides additional storage of documents or other

materials.

• Public Gas, Water and Sewer

• Building completely wired for computers and telephone

• Has own parking lot with 12 spaces

INVESTMENT HIGHLIGHTS

• Ideal for owner/user seeking new or additional space with

onsite parking

• Great opportunity for investor seeking highly visible location

in densely populated commercial area with high Walk Score

(85).

ECONOMIC HIGHLIGHTS

• Included in the Stroudsburg Borough Qualified Opportunity

Zone

• Ability to reduce or defer capital gains taxes if held at least 5

years (10% reduction), 7 years (15% reduction) or 10 years (no

capital gains tax). See Opportunity Zone page.

• We recommend you consult with your accountant or tax

attorney to fully understand the benefits of the Qualified

Opportunity Zone program.

Complete Highlights

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Tax Advantages of Investing in Opportunity Zones

In exchange for following the rules of the Opportunity Zone program and investing in Qualified Opportunity Zones through Qualified Opportunity Funds, investors can receive substantial capital gain tax incentives immediately and over the long term.

When an investor divests an appreciated asset, such as stocks or real estate, they realize a capital gain, which is a taxable event. Under the Opportunity Zone Program, if an investor reinvests a capital gain into an Opportunity Fund, they can defer and reduce their tax liability on that gain. Beyond that, they can also potentially receive tax-free treatment for all future appreciation earned through the fund. Together, these tax incentives can boost after-tax returns for Opportunity Fund investors:

Those who invest realized capital gains into a Qualified Opportunity Fund can defer paying capital gains tax for those earnings until April 2027 for investments held through December 31, 2026. Gains must be invested in a Qualified Opportunity Fund within 180 days in order to qualify for any tax treatment available under the Opportunity Fund program.

Those who hold their Opportunity Fund investments for at least five years prior to December 31, 2026 can reduced their liability on the deferred capital gain principal invested in the Opportunity Fund by 10%. If the investment is held for a minimum of seven years prior to December 31, 2026, the tax liability can be reduced by 15% total.

Those who hold their Opportunity Fund investment for at least 10 years can expect to pay no capital gains taxes on any appreciation in their Opportunity Fund investment. That’s because Opportunity Fund gains earned from Opportunity Zone investments can qualify for permanent exclusion from the capital gains tax if the investment if held for at least 10 years.

Source: fundrise.com

Opportunity Zones - Tax Advantages

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Additional Photos

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Basement & First Floor

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Second & Third Floors

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Location Maps

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Aerial Map

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Retailer Map

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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POPULATION 1 MILE 5 MILES 10 MILES

Total population 7,981 51,528 123,393

Median age 31.5 36.2 39.1

Median age (Male) 29.3 34.9 38.1

Median age (Female) 33.9 37.3 40.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 3,017 18,083 44,860

# of persons per HH 2.6 2.8 2.8

Average HH income $54,291 $69,496 $70,852

Average house value $218,116 $244,413 $243,613

* Demographic data derived from 2010 US Census

Demographics Map

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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1611 Pond Road, Suite 200Allentown, PA 18104T 484.245.1021C [email protected] #RS336831

PROFESSIONAL BACKGROUND

Steve joined the SVN Imperial Realty team in 2016 after more than 30 yearsin business development in various industries. He works primarily withsellers in all asset categories (e.g. Industrial, Land, Office), but has a specialfocus on the Hospitality and Multifamily sectors.

Steve uses a consultative approach to help clients reach their goals andobjectives, and tries to structure transactions in which all parties achieve thebest possible outcomes. To maximize value, he leverages the power of SVN,including its specialized Product Councils, extensive marketing network andone-of-a-kind Compensated Cooperation policy.

His business background includes working with both Fortune 500 companiesand SME's in a wide range of industries on a national and international scale.This experience, coupled with co-founding and running a packaging servicescompany for 10 years, provides the perspective to tackle a myriad of issuesand situations. Since 2009 Steve has volunteered and worked in mountainand hotel operations at a nearby full-service, four seasons resort.

A native of Bucks County Pennsylvania, Steve has also lived and worked inMaryland and Florida. He and his wife Jennifer -- the parents of three sons --reside in the Lehigh Valley.

For additional information on SVN Imperial Realty, please visit our website atwww.svnimperial.com.

EDUCATION

- Lehigh University (Bethlehem, PA) | College of Business and Economics |MBA in Marketing- Loyola University (Baltimore, MD) | Sellinger School of Business andManagement (began MBA coursework; relocated to PA)- Penn State University (University Park, PA) | College of Earth and MineralSciences | BS Mineral Economics

MEMBERSHIPS & AFFILIATIONS

Greater Lehigh Valley REALTORS (GLVR)National Association of Real Estate Advisors (NAREA)

STEVEN A. WILSON

Associate Advisor

Advisor Bio

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

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Disclaimer

ATTRACTIVE PRICE AND TAX INCENTIVES FOR 4800 SF OFFICE BUILDING! | 800 MAIN STREET, STROUDSBURG, PA 18360 SVN | Imperial Realty | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.