209, 211 & 217 MAIN ST Active Save Request In-Person Tour Request Virtual Tour
Royersford,PA 19468
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 17,538 sqft
Price per Sqft $171
MLS Listing ID PAMC2116360
Year Built 1880
Annual Tax Amount $13,796
Tax Year 2023
Lot Size 0.700 Acres
Property Description
This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2023 income/expenses is 8.15%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!
Location
State PA
County Montgomery
Area Royersford Boro (10619)
Zoning BAR/HOTEL, RETAIL, APTS
Interior
Hot Water Electric,Propane
Heating Baseboard - Electric,Forced Air
Cooling Central A/C,Window Unit(s)
Flooring Carpet,Ceramic Tile,Hardwood,Luxury Vinyl Tile
Inclusions All equipment, furniture, inventory and supplies related to the bar, restaurant and hotel rooms plus Hotel Liquor License.
Exterior
Garage Spaces 25.0
Waterfront N
Water Access N
Roof Type Shingle,Pitched
Building
Lot Description Backs to Trees,Road Frontage
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Spring-Ford Area
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard