Auction Details

110± Acres with 1000' Frontage on Route 611, Monroe County

1744 ROUTE 611,, MOUNT POCONO,  PA 18344
Auction Type

Live Auction

Auction Schedule
Auction Dates

Start Date: Aug 21, 2018

End Date: Nov 17, 2018

Auction Description

FORMER GOLF COURSE LAND FOR DEVELOPMENT
Easy Highway Access with High Visibility

AUCTION: Saturday, November 17th
12 Noon
PREVIEW: Sunday, October 28th
10 AM - 1 PM
 
1744 Route 611, Mt. Pocono, PA 18344
Monroe County
Pocono Mountains Region
 
Incredibly Rare Opportunity to Own One of the Last Large Tracts of Land with Major Roadway Frontage in the Region

Sells at or above $1,500,000
Previous Ask $6M

WATCH VIDEO
 
Gently rolling acreage of the former Paradise Golf Family Fun Park property ready for your redevelopment project.

Located in the midst of major employers, and new and well-established attractions.


With 44 million people living within 3 hours, the Poconos are a destination for 26.5 million people annually, who spend $3.5 billion/year.

A remarkable location that sits above any other parcel available in the area. This auction should not be missed by those looking for a fantastic real estate investment.
 
The former golf property includes roughly 40 acres of cleared land. It sits on 1000 feet of road frontage on Route 611 South diagonally across from the main entrance to Mount Airy Casino Resort.

Property includes clubhouse and outbuildings.

Possible Hunting Property Use.

Call for 1031 Exchange

Major new and established attractions and employers in close proximity:

- Tobyhanna Army Depot
- Sanofi Pasteur
- Kalahari Resorts & Conventions
- Wal-mart
- The Crossings Premium Outlets
- Pocono Mountain School District
- Pocono Manor Resort & Spa
- Mount Airy Casino Resort
- Camelback Mountain Resort
- Great Wolf Lodge
- Pocono Springs Entertainment Village (May 2019)
 
 
For Information, Video, and Drone Footage Visit:
 
Additional Drone Footage:
 
- Entirety is comprised of seven parcels and totals 110.62 contiguous acres
- Clubhouse and garage buildings onsite
- State Route 611 Traffic: 15,000 VPD
- Easy access to I-80
- Two points of ingress/egress
- Water rights 10K/gal/day from Indian Run
- Prime location for potential development

 
Zoning:
R-2 Paradise Township (Parcels 11/)
R-D Pocono Township (Parcels 12/)
 
Parcel ID - Property Type/Land Use (Size):
11/113722 - Commercial/Recreational (35.57 acres)
12/113723 - Agricultural/Act 319 Ag Reserve (64.59 acres)
12/12/1/1 - Open Space/Undeveloped Land (4.9 acres)
11/113724 - Open Space/Undeveloped Land (3.22 acres)
11/92413 - Open Space/Undeveloped Land (1.08 acres)
11/92414 - Open Space/Undeveloped Land (1.08 acres)
12/92746 - Open Space/Undeveloped Land (.18 acres)
Total taxes of $17,785 (2018)

Data is usually deemed reliable but is NOT guaranteed accurate by Legacy Auction & Realty.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.

 
SEEK. WIN. CHERISH.
 
Rich Coccodrilli, Jr., PA Licensed Auctioneer
AY002051
Legacy Auction & Realty
570-656-3299

Auction Documents

Acreage Map

Boundary Map

Terrain Map

Topography Map

USGS Topo Map

Top 50 Employers

Satellite View

Paradise Township Use Schedule

Pocono Township Use Schedule

Terms & Conditions
With bidding opening at $1,500,000, this real estate will sell to the highest bidder.

- Our live auction at the premises begins at noon on Saturday, November 17, 2018. Registration begins at 11 AM.

- This land and structures are offered and sell in as-is condition with no representation or warranty, with no financing, inspection, or other contingencies, and with all faults and benefits. Legacy Auction & Realty represents the Seller only and does not inspect properties on bidder's behalf. DO NOT BID if you have not inspected the property and have not read and agreed to be bound by the terms of sale in the Contract.

Your inspection of the property and attendance at this auction are at your own risk. Auctioneer and Seller, their agents and employees, expressly disclaim any relationship and shall not be liable to any person for damage to their person or property while in or on this property, nor shall they be liable for any defects, dangers or conditions on the property. All persons enter the property and attend the preview and auction at their own risk and shall defend, indemnify, and save harmless the Auctioneer and Seller, their agents and employees, from any and all liability attendant thereto.

Non-refundable buyer premium of six percent (6%) of the winning bid will be added to the winning bid to equal the final sale price. This amount is due at the announcement of "SOLD!"

Auction Day Registration: Bidders must present photo identification and a $90,000 cashiers check to register. Make check(s) payable to LEGACY AUCTION & REALTY. Balance of auction-day deposit, if any, is due by the winning bidder in the form of a personal or business check.

The Winner! The successful purchaser will be required to deposit a bank cashier’s check for $90,000 (equaling 6% of the minimum bid) and, if necessary, increase the total deposit via personal or business check to 6% of the high bid (hammer price). For example, a winning bid of $1,650,000 requires an additional auction-day payment of $9,000 ($90,000 + $9,000 = $99,000, equaling 6% of the winning bid).

- We strongly encourage bidders to arrange necessary financing ahead of auction day. Knowing the amount of a mortgage you are approved for determines how much you can pay for any property, no matter how you buy it.

- Closing within 61 days, or by/before January 17, 2019. It is the buyer's responsibility to contact a local title agency or real estate attorney for a property-specific estimate of closing costs prior to placing a bid.

- For bidder FAQs, please see our web page Real Estate > For Buyers

- Seller guarantees clear title

- All announcements made day of sale take precedence over any previously stated or printed material or information


PA Auction Company AY002051  |  Personal Property Appraiser  |  REALTOR  |  Federal Firearms Dealer
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Legacy Auction & Realty
7164 Route 209, Suite 810
Stroudsburg, PA 18360

Hours: 9 AM - 9 PM Daily