Bob Miller
(302) 420-6417
Bill Luke
(302) 299-7903
Licensed in Delaware & Pennsylvania

Property Showcase

914 GRAVEL PIKEPalm, PA 18070 0

$895,000
Commercial
Status: Active
  • Sqft:9,000
  • Lot:2 acres
  • MLS#: 1000142714
40.432029724121094-75.544219970703125
Courtesy Of Aptcor Commercial

Description:

Former home of famous Cab Frye's Bar and Restaurant, property is an investment opportunity to own or lease. This well-maintained, fully-equipped restaurant features seating for over 100, outdoor seating, bar and tavern, updated kitchen, additional kitchen in restored barn for catering. Restaurant is beautifully maintained, over 2 acres of manicured grounds, a destination, countryside location located in a bucolic setting. As INVESTMENT PROPERTY, property offers income from restaurant and 4 apartments, all apartments fully leased with strong tenancy history. Here is an opportunity to lease the restaurant or operate as your business. Restaurant is available for lease at 4,500 dollars/mo. Together, rental income from restaurant and apartments yields in excess of 100,000 dollars/year income. Additional income opportunity from the catering business that is available for sale; it currently yields over 600,000 dollars in annual income. With purchase of property is a liquor "R" license. The liquor license can be leased via a separate management agreement for those interested in leasing the restaurant. This income-producing property is not just a dream-come-true but a once-in-a-lifetime opportunity for those seeking a restaurant-tavern, rural ambiance, apartment income and financial stability. Showings by appointment.

Main Features:

Listing Status Active Year Built 1850
School District UPPER PERKIOMEN County Berks
Taxes $11,821.00 Tax Year 2018
Rental Price $0 Subdivision None Available

Additional Features:

Air Conditioning Yes
Building Area Source Estimated
Building Features Ceiling Fans
Fire Alarm
Fire Escape
Kitchen
Public Restrooms
Refrigerator(s)
Security Lighting
Walk-In Box
Business Type Apartment Building
Bed and Breakfast
Hotel/Motel
Common Walls Other
Plaster Walls
Cooling Central A/C
Cooling Fuel Oil
Electric 200+ Amp Service
Exterior Amenities Highway Exposure
Sign
Financing Conventional
Lease Purchase
Other
Fireplace Y/N No
Flooring Tile/Brick
Wood
Foundation Concrete Perimeter
Heating Forced Air
Heating Fuel Electric
Natural Gas
Oil
Interior Features Stall Shower
Location Highway
Lot Description Rural
New Construction No
Possession 61-90 Days CD
Rental Features No
Road Maintenance State
Roof Pitched
Shingle
Rooms Master Bedroom
Sale Includes Business and Building
Equipment
Fixtures
Inventory
Land and Building
Liquor License
Owner Will Train
Sewer On Site Septic
Topography Level
Rolling
Utilities Above Ground
Cable TV
Cable TV Available
Electric Available
Multiple Phone Lines
Natural Gas Available
Phone
Phone Available
Sewer Available
Water Available
Water Access No
Water Heater Electric
Natural Gas
Oil
Water Source Public
Waterfront No

Extra Features:

Building Square Feet 10000.00 List Type (Exclusive) Exclusive Right
MLSSystem ID TREND Price Per SQFT 89.50

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Information deemed reliable but not guaranteed.
Copyright© 2019 Bright MLS. All Rights Reserved.
Last Updated On: 8/19/2019 11:19:36 AM

914 GRAVEL PIKE, Palm, PA 18070

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Information deemed reliable but not guaranteed.
Copyright© 2019 Bright MLS. All Rights Reserved.
Last Updated On: 8/19/2019 11:19:36 AM

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