Homes for sale - 209, 211 & 217 MAIN ST, Royersford, PA 19468

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Matt Marino

[email protected] +1(215) 896-2171

$ 2,750,000

Est. payment -/mo

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Price Dropped by $249K

209, 211 & 217 MAIN ST Royersford, PA 19468

17,538 SqFt

UPDATED:

11/11/2024 03:39 PM

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 $156

MLS Listing ID PAMC2116360

Originating Board BRIGHT

Year Built 1880

Annual Tax Amount $13,796

Tax Year 2023

Lot Size 0.700 Acres

Acres 0.7

Lot Dimensions 73.00 x 0.00

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 2024 income/expenses is 10.22%! 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 see attached spreadsheet or 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.

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 25.0

Waterfront N

Water Access N

Roof Type Shingle,Pitched

Street Surface Black Top

Accessibility 2+ Access Exits

Road Frontage Boro/Township

Parking Type Parking Lot

Total Parking Spaces 25

Garage N

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

Tax ID 19-00-02288-006, 19-00-02280-005 & 19-00-02276-009

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Michael S Choplin • RE/MAX Services

Matt Marino

+1(215) 896-2171

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