209,ROYERSFORD, PA 19468
ROYERSFORD, PA 19468
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. 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 the attached 2024 income/expense for the rental units which value the entire property alone for $2.3M! Bob's bar/restaurant income/expense is also attached along with a valuation of the inventory, furniture & fixtures. Please contact the list agent for financial information and to schedule an appointment. This is a unique, must see investment opportunity!
Details
| MLS# | PAMC2116360 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1880 |
| Days On Site | 233 |
| Listing Provided By | RE/MAX Services | Michael S Choplin |
Features
| Units | 25 |
|---|---|
| Zoning | BAR/HOTEL, RETAIL, APTS |
| Acreage | 0.70 |
| Water Front | Yes |
Market Activity 19468
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Learn More About This Property
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | ROYERSFORD |
| Zip Code | 19468 |
| Area | Royersford Boro (10619) |
| School District | SPRING-FORD AREA |
| Listing VS Median (in 19468) | |
Price: $2,250,000 low | high Med: $382,000 On site: 233 low | high Med: 43.000000 | |