914 Gravel Pike

    Palm, PA 18070
    • $895,000
    • STATUS: Active
    • ON SITE: 186 days
    • ID#: 7126127
    UPDATED: 65 min ago
    $895,000
    • 0
      BEDS
    • 2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1850
    County:

    School Ratings & Info

    School District:
    Listing 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.

    Monthly Payment Calculator



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Kirk Simmon Team | Berkshire Hathaway HomeServices Fox & Roach participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-18T09:56:17.72.
    www.kirksimmon.com/homes/80697725

    914 Gravel Pike Palm, PA 18070

    • Price: $895,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: 7126127
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2
    Acres
    1850
    Built
    Neighborhood:
    None
    County:
    Berks
    Area:
    Hereford Twp (10252)
    School District:
    U Perkiomen
    Property 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.
    Exterior Features

    Exterior WoodBrickStone Exterior Amenities HwyexposureSignext Foundation Concrete Foundation Location RuralHighway Lot Dimensions 00X00 Parking 26 to 50 Car Garage Roads State Roof Pitched RoofShingle Roof Topography LevelRolling Water Front No

    Interior Features

    Bathrooms Three+ BathroomsCommon BathroomsPublic Restrooms Building Features Ceiling FansFire AlarmFire EscapeKitchen FacilitiesRefrigeratorSecurity LightWalk-In Box Floor Tile/BrickWood Hot Water OilNatural GasElectricPropanhtwtr Plumbing Cpvc/PvcCopper Plumbing Walls Ceilings SheetrckintwPlaterintwll

    Property Features

    Annual Lease Price 54000.0 Building Or Business CommercialLeaseholdRetailApartmnt BldRestaurantTavernFoodservicesBed&BreakfstHotel/Motel Current Financing ConventionalLease PurchaseLease Back Electric Service 200-300Ampel Fuel On Site On Site GasOn Site ElectricOn Site PropaneOn Site Oil Land Only No Land Use Code 4241 Lot Number 9806 Property Option Both Sewer Septic On Site Septic Tax Year 2018 Total Assessment 356000.0 Total Taxes 11821.0 Traffic Count Trf5000-9999 Utilities Water AvailableSewer AvailableGas AvailableElectric AvailableCable TV AvailableAbove Ground Utilities Water Public Year In Business 10+ Years Zoning Code Comme



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Kirk Simmon Team | Berkshire Hathaway HomeServices Fox & Roach participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-08-18T09:56:17.72.
     
    The Kirk Simmon Team | Berkshire Hathaway HomeServices Fox & Roach
    100 Deerfield Lane, Suite 140
    Malvern PA, 19355
    Listing courtesy of Aptcor Commercial.