UPDATED:
11/18/2024 02:01 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $154
MLS Listing ID PAMC2099558
Originating Board BRIGHT
Year Built 1928
Annual Tax Amount $8,127
Tax Year 2023
Lot Size 1.634 Acres
Acres 1.63
Lot Dimensions 255 x 288
Property Description
The Pub - Established Bar & Restaurant with Type R Liquor License Plus Two Apartments
Address: 2532 Swamp Pike, New Hanover Twp, Montgomery County, PA (Mailing Address 2532 Swamp Pike, Pottstown, PA 19464)
Highlights: Turn Key Property with Multiple Cash Flow Revenue Streams
"The Pub has been a profitable staple in the area for decades and is ready for new owners to make it their own.
The *8400 + Total SF building is situated on 1.6 acres and offers a fully operational restaurant/ bar with coveted Montgomery County type “R” liquor license. The main dining room has a stage, dance floor area and a 35 seat horseshoe bar that flows into the semi private dining room. Back of the house offers a fully equipped kitchen, office, several storage rooms and two large walk-in coolers.
The additional 2,000 sq ft deck provides an area with ample additional seating that can be rented out for private events. The large covered deck features industrial glass garage doors that open and close connecting it to the open-air deck, making the space usable for at least 3 full seasons.
The expansive private parking lot provides 69 spaces and a wooded view.
There are two 1 bedroom 1 bath + den apartments on second story with private deck, offering an additional income stream.
Located on a heavily traveled main artery, the property enjoys excellent visibility and exposure from the nearly 13,000 passing cars per day." -Owner
Sale price includes all assets which consists of: real estate, building, Type R liquor license, FF&E and inventory.
Financial: Bar Gross 780k, Rental income 20k (34% under current market value), Vending averaging 70k.
Pro-forma $1million annual with increased hours and expanded Menu.
Seller assisted financing available for the right deal and qualified buyer.
Documents: Commercial Property Information Sheet, Upgrade Plans and Twp Requirements are in Documents Folder.
Detailed financials upon request to qualified buyer.
Location: 2532 Swamp Pike New Hanover Township Montgomery County, PA Boyertown School District (Pottstown address is for mailing purpose only)
Building Total SF: *8400+ Includes 2 apartments Sq Footage
Facilities: Turnkey Bar-Restaurant Facility, 69 Parking Spaces
Selling: All assets of which includes: All Real Estate, Building, FF&E, Inventory, Fully Equipped Restaurant and Bar w/Type R Liquor License
Additional Improvements: Covered Large Deck
Condition: Well Maintained w/ 2 Apartments (Tenant Occupied)
Financing: Some Owner Financing To Qualified Buyer
Support & Training: Seller will offer training for the new buyer.
Reason for Selling: Owner Retiring December 3, 2023
UPDATE: Owner has retired on December 3, 2023
Business is now closed and looking for a new owner.
Location
State PA
County Montgomery
Area New Hanover Twp (10647)
Zoning CC
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Inclusions FF&E and existing inventory
Equipment Negotiable
Heat Source Electric
Exterior
Garage Spaces 69.0
Water Access N
Roof Type Shingle
Street Surface Black Top
Accessibility Level Entry - Main, Ramp - Main Level
Road Frontage Boro/Township
Total Parking Spaces 69
Garage N
Building
Lot Description Backs to Trees, Level, Road Frontage
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Boyertown Area
Others
Tax ID 47-00-07212-004
Ownership Fee Simple
SqFt Source Assessor
Security Features Surveillance Sys,Monitored,24 hour security,Motion Detectors,Fire Detection System,Security System
Acceptable Financing Cash, Conventional, Seller Financing, Other
Listing Terms Cash, Conventional, Seller Financing, Other
Financing Cash,Conventional,Seller Financing,Other
Special Listing Condition Standard
