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La Cocina Mexicana Restaurant 5005 Kutztown Rd

9,160 SF 100% Leased Retail Building Temple, PA 19560 $1,509,238 CAD ($165 CAD/SF)

Executive Summary

Here is a fully equipped restaurant and bar with twelve room rentals that stay consistently occupied at a very high percentage, with usually always a waiting list. Additionally, there is a beauty Salon leasing approximately 854 SF first floor space at $1,200.00 per month. The first floor of this property has a fully operational kitchen and restaurant with a Hotel Liquor License included. The present operating business is not for sale, but one can take advantage of this turn key facility with 40 plus parking spaces, and residual, non restaurant/bar income approaching $100,000.00 per year. Not many opportunities like this come along in a tight real estate market like the one we have right now! Seating for 140 patrons inside and an additional 80 in the outside dining area make for plenty of service area to accommodate a very robust customer demand. With a 20,473 square foot lot located at a lighted intersection of Kutztown Road and Mt. Laurel Rd, this newly painted Muhlenberg fixture offers location, access, visibility and versatility.

Attachments

Other

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,160 SF
Building Class
C
Year Built
1853
Price
$1,509,238 CAD
Price Per SF
$165 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.47 AC
Zoning
Comm
Parking
51 Spaces (5.57 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Citizens Bank
Philly Pretzel Factory
Truist
Woodforest National Bank
Starbucks
Mod Pizza
GIANT

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
66-5309-08-97-4937
Land Assessment
$104,181 CAD
Improvements Assessment
$149,013 CAD
Total Assessment
$253,194 CAD
  • Listing ID: 31493886

  • Date on Market: 2024-04-12

  • Last Updated:

  • Address: 5005 Kutztown Rd, Temple, PA 19560

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