2201 Perkiomen Ave
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2201 Perkiomen Ave
2,900 SF 100% Leased Retail Building Mount Penn, PA 19606 $1,062,961 CAD ($367 CAD/SF)
Investment Highlights
- Beautiful romantic indoor & out dining with alluring main level cigar lodge. Rental income of up to $50,000 plus per year.
Executive Summary
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
C
Year Built
1920
Price
$1,062,961 CAD
Price Per SF
$367 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.28 AC
Zoning
C-1 - Commercial
Parking
29 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
2,783 ft on 2201 Perkiomen Ave
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Accent Lighting
- Storage Space
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 64-5316-07-77-3798 | Improvements Assessment | $126,804 CAD |
Land Assessment | $75,519 CAD | Total Assessment | $202,322 CAD |
PROPERTY TAXES
Parcel Number
64-5316-07-77-3798
Land Assessment
$75,519 CAD
Improvements Assessment
$126,804 CAD
Total Assessment
$202,322 CAD
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2201 Perkiomen Ave
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