Property Attributes
- MLS#PAMC2099558
- TypePending
- CountyMONTGOMERY
- CityPottstown
- AreaNew Hanover Twp
- Zip19464
- StyleApartment Building,Restaurant/Bar
- Year Built1928
- Taxes$ 8127
- Price$ 1,299,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8400
- Lot Size1.63 Acres
Data Source:
Bright MLS
Property Description
For Sale 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.
Price History | |
---|---|
3/30/2024 | Listed $1,299,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | Central A/C |
Possession | Negotiable |
Roof | Shingle |
Zoning | CC |
Security Features | Surveillance Sys,Monitored,24 hour security,Motion Detectors,Fire Detection System,Security System |
Construction Materials | Vinyl Siding,Stucco |
Exclusions | All leased equipment which includes vending machines,CC terminals and 2 propane tanks. |
Year Built | 1928 |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Bottled Gas |
Business Type | Apartment Building,Restaurant/Bar |
Accessibility | Level Entry - Main,Ramp - Main Level |
County | MONTGOMERY |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Bar/Tavern/Lounge |
Water Access Y/N | No |
Property Use | Owner User |
Status | PENDING |
Directions | From Route 422 Limerick PA and Swamp Pike intersection travel West. Property located on the left. |
ModificationTimestamp | 2024-05-01T10:39:21 |
City | POTTSTOWN |
Buyer Agent Compensation | 2.5 |
Disclosures | Prop Disclosure,Other |
Zoning Description | Convenience Commercial |
Total Units | 3 |
MLS Area | New Hanover Twp (10647) |
Lot Size Square Feet | 71177.00 |
Tax Assessed Value | 224950.0 |
Waterfront Y/N | No |
Street Name | SWAMP |
Tax Annual Amount | 8127.0 |
Price Per Sq Ft | 154.64 |
Acceptable Financing | Cash,Conventional,Seller Financing,Other |
Historic Y/N | No |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Virtual Tour | https://www.youtube.com/watch?v=ZAGTDdLKWRE&t=30s |
Days on Market | 33 |
Standard Status | Pending |
Year Built Source | Assessor |
Total Actual Rent | 22740.00 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Electric |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Street Suffix | PIKE |
Central Air Y/N | Yes |
Total Restrooms | 4 |
Entry Level | 1 |
Exterior Features
Parking Features | Handicap Parking |
---|---|
Lot Features | Backs to Trees,Level,Road Frontage |
Water Source | Well |
Inclusions | FF&E and existing inventory |
Total Parking Spaces | 69 |
Type of Parking | Parking Lot |
Land Use Code | 4241 Comm: Bar or Taproom |
Traffic Count | 10000-14999 |
Water View Y/N | No |
Building Area Total | 8400.00 |
Lot Dimensions | 255 x 288 |
Lot Size Acres | 1.63 |
Road Surface Type | Black Top |
Road Frontage Length | 255 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Other Equipment | Negotiable |
Road Responsibility | Boro/Township |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Fencing Y/N | No |
LotDimensionsSource | Estimated |
Car Parking Spaces | 69 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool