901 Lincoln Ave - Restaurant FOR SALE


Prospect Park, PA 19076
$600,000 USD
844-855-9663
901 Lincoln Ave, Prospect Park, PA for Sale
$600,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

901 Lincoln Ave
Prospect Park, PA 19076


HIGHLIGHTS

  • Established and successful business. Retirement Sale
  • Includes rented, second story, two-bedroom apartment
  • All FFE included

OVERVIEW

PRICE JUST REDUCED! Retirement Sale - Established/Successful Pizzeria with 2BR apartment! This is your opportunity to acquire a long-established, well regarded neighborhood pizza parlor and grill. Business benefits from established goodwill and its proximity to a highly trafficked road, great visibility, established relationships within the community, and attractive population density and demographics. The reason for the sale is the owners are retiring after 30 successful years. Presently, the pizzeria continues to operate on its standard schedule: 6 days a week until 9/10pm nightly. Business is primarily take-out and delivery. The purchase also includes an attached, leased, 2-bedroom apartment and all pizza restaurant assets. Restaurant equipment highlights include 3 Blodgett pizza ovens, a large Hobart mixer, spotless hood, 3 fryers, large grill, and Continental refrigerator. Additional equipment includes Berkel slicer, Somerset dough roller, walk-in with Trenton refrigeration, Motak fridge, additional freezer boxes. Recent upgrades to the property include newer blacktop, roof, electric, subfloor and tile. Financials may be made available after tour with a signed NDA. Based on the fact business is currently operating, tours will be scheduled for Mondays.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Cornerstone Pizza - 901 Lincoln Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,962 SF

ZONING

-

APN/PARCEL ID

33-00-01014-00

ASK ABOUT THIS PROPERTY

Mike GriesPenzone RealtyMore Info
844-855-9663

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Mike GriesPenzone RealtyMore Info
844-855-9663

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