KW COMMERCIAL744 Main Street,Second FloorStroudsburg, PA 18360 GEORGE VLAMIS

Managing Partner0: 570.213.4900 X2C: 570.460.6300gvlamis@kwcommercial.com

Milford Manor

KW COMMERCIAL, THE DANIEL PERICH GROUP

PRESENTED BY:

EAST STROUDSBURG, PA

FORMER ASSISTED LIVING FACILITY

Each Office Independently Owned and Operated dpcomgroup.com 2

KW COMMERCIAL744 Main Street,Second FloorStroudsburg, PA 18360

Confidentiality & Disclaimer

GEORGE VLAMISManaging Partner0: 570.213.4900 X2C: 570.460.6300gvlamis@kwcommercial.com

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by KW Commercial, The Daniel Perich Group in compliance with all applicable fair housing and equal opportunitylaws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

KW COMMERCIAL, THE DANIEL PERICH GROUP

PRESENTED BY:

EAST STROUDSBURG, PA

Each Office Independently Owned and Operated dpcomgroup.com 3

OFFERING SUMMARY

SALE PRICE: $995,000

LOT SIZE: 2.97 Acres

YEAR BUILT: 1902

BUILDING SIZE: 14,491 SF

ZONING: B-1

MARKET: Pocono Mountains

TRAFFIC COUNT: 10,455

PRICE / SF: $68.66

PROPERTY OVERVIEWKW Commercial, The Daniel Perich Group is offering this former assisted livingfacility for sale in East Stroudsburg. The former Milford Manor, which operated for25 years, closed in 2019 and consisted of 14,366 square feet with 51 bedsarranged in private and semi-private rooms. Additional 1,000 square foot cottageon premises as well. The building can be utilized for personal home care or othersimilar uses such as out outpatient/inpatient drug rehab or mental health, etc.Previous setup included activity room, dining room, commercial grade kitchen andoffice space. Nearly 3-acre property with pond and on-site parking for 28 vehicles.

LOCATION OVERVIEWEast Stroudsburg is the second town from the New Jersey-Pennsylvania borderalong Interstate 80. It is home to the two largest service institutions in the county -East Stroudsburg University and Lehigh Valley Hospital - Pocono. The PoconoMountains is approximately 2 hours from Philadelphia, Harrisburg or Trenton and1.5 hours from New York City. It features more than 30 golf courses, 4 indoorwaterparks, abundant shopping centers and various seasonal recreationalactivities. Major area developments include the proposed $400 million PoconoSprings Entertainment Village, the 130,000 square foot expansion of KalahariResort’s convention center, and the new Harley Davidson dealership.

Executive Summary

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SALE PRICE $995,000

LOCATION INFORMATION

Building Name Milford Manor

Street Address 2200 Milford Road

City, State, Zip East Stroudsburg, PA 18301

County/Township Monroe/Smithfield Township

Market Pocono Mountains

Cross Streets Mt Tom Rd

Side Of Street East

Road Type Paved

Nearest Highway Interstate 80

BUILDING INFORMATION

Building Size 14,491 SF

Price / SF $68.66

Year Built 1902

Number Of Floors 2

Construction Status Existing

PROPERTY DETAILS

Property Type Assisted Living Facility

Property Subtype Other

Zoning B-1

Lot Size 2.97 Acres

APN# 16731203443803

Lot Frontage 455

Lot Depth 295

Traffic Count 10,455

PARKING & TRANSPORTATION

Parking Type Surface

Number Of Spaces 28

Property Details

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Additional Photos

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Milford Manor

Regional Map

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Location Maps

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Aerial Map

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POPULATION 1 MILE 5 MILES 10 MILES

Total population 1,616 50,641 108,873

Median age 35.6 35.4 38.1

Median age (male) 34.8 34.0 36.6

Median age (Female) 36.3 36.8 39.5

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 537 17,626 38,481

# of persons per HH 3.0 2.9 2.8

Average HH income $73,089 $66,571 $71,788

Average house value $244,539 $242,486 $250,243

ETHNICITY (%) 1 MILE 5 MILES 10 MILES

Hispanic 25.9% 14.0% 12.5%

RACE (%)

White 75.7% 78.2% 79.5%

Black 14.8% 12.6% 12.5%

Asian 2.0% 3.3% 2.4%

Hawaiian 0.0% 0.0% 0.0%

American Indian 0.0% 0.1% 0.1%

Other 6.3% 3.5% 3.2%

* Demographic data derived from 2010 US Census

Demographics Map

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