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Chestnut Grove Family Resort 106 Carlton Rd • Mount Pocono, PA 18344

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Chestnut Grove Family Resort 106 Carlton Rd • Mount Pocono, PA 18344 Chestnut Grove Family Resort 106 Carlton Rd • Mount Pocono, PA 18344 Well maintained garment manufacturing building with income from several tenants. Features office, manufacturing and warehouse space, freight elevator, 3 phase power, four loading docks, one drive in door and public utilities. 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Executive Summary Chestnut Grove Family Resort has been offering guests a classic full-service resort experience for over 70 years. Located in the Heart of the Pocono Mountains, Chestnut Grove is within a short drive to all the recreational, shopping, dining and entertainment the area has to offer. Just some of these include: Mount Airy Casino, Camelback Resort (ski/waterparks), The Crossings Outlets, Kalahari Resort & Indoor Waterpark, Great Wolf Lodge, Pocono Raceway, Delaware Water Gap National Recreation Area, Historic Downtown Stroudsburg and so much more. The resort grounds offer guests a long list of on-site activities as well; indoor/outdoor pools, hot tub, lake for fishing and boating, large playground area, basketball, tennis, sand volleyball, bocce, sports field, game room and Carriage House bar. A total of 42 rooms offer various occupancy configurations accommodating singles up to families of six or more. Units are spread out on the property and housed in multiple buildings. The main lodge contains several guest rooms, dining room, commercial kitchen, reception, bar/coffee area and back of house office. Poolside, Lakeview and Vista cottages provide the remainder of guest rooms and differ in size and amenities. All rooms include heat, A/C and mini fridges. Currently the resort operates seasonally from May through October and rates include breakfast and dinner. Sale includes real estate, furniture, fixtures, equipment, liquor license and business. Offered at $1,950,000 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Photos Chestnut Grove Family Resort 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Photos Chestnut Grove Family Resort 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Photos Chestnut Grove Family Resort - Vista Cottages 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Photos Chestnut Grove Family Resort - Poolside Cottages 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Photos Chestnut Grove Family Resort - Lakeview Cottages 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Photos Chestnut Grove Family Resort 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. About the Poconos LOCATION The Pocono Mountains: 2,400 square miles of mountains, lakes, rivers, waterfalls and woodlands in the northeast corner of Pennsylvania, encompassing Carbon, Monroe, Pike and Wayne counties. TOWNS County seats of the respective counties are Jim Thorpe, Stroudsburg, Milford and Honesdale. All offer quaint, historic atmospheres, unique shops and restaurants, authentic historic sites, art galleries, friendly faces and more. THE ORIGIN OF “POCONO” Pocono is a Native American word meaning, “stream between two mountains.” The Delaware Water Gap is the true namesake, for the area where Delaware River cut a gap between two mountains and formed what is now known as the “Gateway to the Pocono Mountains.” STATISTICS • Number of visitors per year: Over 26.6 million person-trips, combining both overnight and day trips *Travel USA ® 2016 Visitor Report for the Poconos done by Longwoods International in April 2017 • Highest point: Mt. Ararat, Preston, in Wayne County. Elevation: 2,654 feet. • Lowest point: Bushkill, Pa., in Pike County. Elevation: 340 feet. • Total lakes: 150. • Total river miles: 170 (includes Delaware, Lehigh and Lackawaxen rivers). • Natural springs and brooks are scattered throughout the Pocono Mountains region. • Total State Parks: Nine State Parks covering a total of 35,537 acres. The parks are Beltzville, Big Pocono, Gouldsboro, Hickory Run, Lehigh Gorge, Promised Land, Prompton State Park, Tobyhanna and Varden Conservation Area. • Two National Parks: The Delaware Water Gap National Recreation Area covers 40 miles of the Delaware River from north of Milford, PA to south of Delaware Water Gap, PA. Total acres are 70,000. The Upper Delaware Scenic and Recreational River stretches 73.4 miles along the Pennsylvania and New York border. It includes riffles and Class I and II rapids between placid pools and eddies. The National Park Service celebrated its 100th anniversary in 2016. • State Forest: 81,958 acres of State Forest Land. • Hiking trails: 126 total trails equaling 261 miles of trails. • More than 30 golf courses, which are home to hundreds of holes, including championship courses built by Donald Ross, Jack Nicklaus, A.W. Tillinghast and Robert Trent Jones. • Four Indoor Waterparks: Camelback Lodge & Aquatopia Indoor Waterpark, Great Wolf Lodge, Kalahari Resorts and Conventions and Split Rock Resort & Golf Club. • Shopping: abundant antiquing, numerous unique shops located in quaint towns and The Crossings Premium Outlets (home to over 100 name-brand factory stores). • Festivals: From family-friendly fairs to chic food and wine events, the region’s year-round festivals provide memorable fun for everyone. • Ski areas: Six major ski areas all offering alpine skiing, snowboarding and snow tubing: Big Boulder SkiArea, Blue Mountain Ski Area, Camelback Mountain Resort, Jack Frost Mountain, Shawnee Mountain and Ski Big Bear at Masthope Mountain. Skiing is also available at Skytop Lodge. • Ski trails and terrain parks: over 155 trails. • Snow making: 100% snow making on 636 skiable acres. • Year-round events: the four counties of the Pocono Mountains offer a wide variety of events. Visit PoconoMountains.com/events to learn more. 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed. Improvement List Year Improvement Detail Value Year Improvement Detail Value 2014 New Point of Sale system license fee $ 2,100.00 2016 2 new commercial pool heaters for hot tub & indoor pool $ 8,000.00 2014-2017 TV upgrade for 42 units of 32"TV $ 10,500.00 2016 New construction - Sand Volleyball Court $ 8,000.00 2014-2019 New equipment - 6 new commercial instant water heaters for $ 18,000.00 2016 New construction - Outdoor pool pavement $ 3,000.00 cabins 2014-2019 New refrigerator for all 42 units $ 10,500.00 2016 New renovation - room carpet for all 5 rooms on main lodge 2nd $ 5,000.00 floor 2014-2019 10 resort commercial pole light upgrade $ 3,000.00 2016 New resort public announcement system $ 3,000.00 2015 New kitchen for lake house $ 12,000.00 2016 New renovation and equipment - new guest laundry room. Coin $ 5,000.00 Operated Laundry Room Washer & Dryer 2016 New building - Barn House & Inside Renovation $ 60,000.00 2016 New installation - Onsite Wireless Network Coverage $ 20,000.00 2015 New Commercial Washer & Dryer $ 40,000.00 2016-2017 New equipment - Carriage House commercial split A/C & $ 10,000.00 commercial heating 2015 New commercial instant heater for washer & dryer $ 4,000.00 2017 New indoor pool furniture $ 1,500.00 2015 New construction - Kids Room $ 20,000.00 2017 New construction - vinyl fencing for parking lot and playgrounds $ 8,000.00 2015 Carriage House Entertainment system (Computer, Speaker $ 5,000.00 2017 New equipment - tiki island climbing wall $ 8,000.00 system, Projector, Projection screen, wireless mic etc. 2015 New commercial heater for carriage house $ 2,000.00 2017 60 new outdoor Adirondack chairs $ 9,000.00 2015 Lake house basement water pump system $ 5,000.00 2017 20 outdoor pool chairs $ 3,000.00 2015 Game Room renovation $ 5,000.00 2017 New equipment - 2 Office Split AC installation $ 6,000.00 2015 New heater for game room $ 2,000.00 2017 New construction - firepit for bonfire. $ 3,000.00 2015 Indoor Pool AC & de-humification System $ 90,000.00 2018 New equipment - 2 commercial split AC installation at dining $ 14,000.00 room. 2015 Indoor pool renovation $ 35,000.00 2018 Septic system pump upgrade $ 4,000.00 2015 New construction - Sundeck outside of indoor pool $ 35,000.00 2018 New bar table and chairs $ 10,000.00 2015-2018 New king size headboard, bed set & mattress for all 42 units $ 42,000.00 2019 New archery target stand, score pole and score board for all $ 2,000.00 sports court 2015-2018 New Queen size headboard, bed set & mattress & sofa bed for $ 30,000.00 2019 Outdoor pool chair cover $ 1,000.00 all 30 units needed 2015-2018 New room furniture for all 42 units $ 42,000.00 2019 New room tiles for 17 rooms $ 85,000.00 2015-2018 New construction - multiple commercial playground Installation $ 60,000.00 2019 Bridge re-construction $ 8,000.00 2016 New 16 channel high definition surveillance system equipment $ 8,000.00 2019 New dock construction $ 12,000.00 & installation Total $ 777,600.00 1992 W MAIN ST, STROUDSBURG, PA 18360 COMMERCIAL REAL ESTATE (570) 421-7466 or (800) 930-9788 & PROPERTY MANAGEMENT www.BaxCommercial.com All information deemed reliable but not guaranteed.
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