2201 Perkiomen Ave - Restaurant FOR SALE


Mount Penn, PA 19606
$749,900 USD
610-413-9446
2201 Perkiomen Ave, Mount Penn, PA for Sale
$749,900 USD
Restaurant - FOR SALE
1/47
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2201 Perkiomen Ave
Mount Penn, PA 19606


HIGHLIGHTS

  • Beautiful romantic indoor & out dining with alluring main level cigar lodge. Rental income of up to $50,000 plus per year.

OVERVIEW

Well established Restaurant and Tavern for over 65 years with "R" Liquor License and its own private rear parking lot which can accommodate 29 vehicles. The restaurant seats approximately 60-65 people. There are also tables and chairs in the bar area in addition to 13 bar stools. The bar is well stocked with everyone's favorite liquor and beers and also has a 6 handle draft system. The dining room consists of several tables and chairs that can be configured for a quiet dinner or rearranged for a private function. There is a gas fireplace in the dining room for additional ambiance. Currently the restaurant is open Thursday-Saturday, but has the potential to be open 7 days a week with an "R" Liquor License. The restaurant boosts a full kitchen with, 6 burner gas stove/oven, broiler. steam table, deep fryer, dishwasher, 2 bay sink, handwashing sink, bain-marie, stand alone refrigerator and freezer, as well as a walk in fridge and walk in freezer. All items will convey with the sale of the real estate as they are owned and not leased. All cookware, dishes, glasses and shelving for storage will also convey with the sale. Patrons can also enjoy their dinner and libations on the outdoor patio. The patio can accommodate another 20-25 people. The second floor is currently being used as a cigar lounge that is open Tuesday-Saturday. It features a well stocked humidor and the opportunity to indulge in a top shelf cocktail while enjoying your premium cigar. There is a full bar upstairs that is covered with the "R" Liquor license as well. It has been rented for private events, meetings, etc. with Wi-Fi availability. Next to the restaurant is a detached 3-4 bedroom home which is on the same deed but has its own tax ID# that is currently rented. There is also an additional free standing, 2 story building/workshop roughly 22' x 28' located in the rear of the parking lot. This building has it's own electric, water/sewer and heat. It would be an ideal location for a contractor, plumber or anyone else in the trades business, as well as a professional business. Currently this building is not rented. Rent alone for these properties has the potential to bring in revenues of $50,000+/year. The taxes, assessed values and acreage reflect both Tax ID #s

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$259 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C-1

APN/PARCEL ID

64-5316-07-77-3798

ASK ABOUT THIS PROPERTY

Gilbert CarbonCentury 21 GoldMore Info
610-413-9446

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Gilbert CarbonCentury 21 GoldMore Info
610-413-9446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.