Waterfront
Listed By:
TCS Management, LLC
Address
207-215 Main Street, Royersford, PA
Price
$ 3,200,000
Property Attributes
  • MLS#PAMC2097878
  • TypeCommercial
  • CountyMONTGOMERY
  • CityRoyersford
  • AreaRoyersford Boro
  • Zip19468
  • StyleApartment Building,Hotel/Motel,Restaurant/Bar
  • Year Built1880
  • Taxes$ 15878
  • Price$ 3,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17000
  • Lot Size0.52 Acres
Data Source:
Bright MLS
Property Description

Unique opportunity to acquire the fee simple interest in 211-215 Main Street, known as the Royersford Hotel, as well as the adjacent property situated at 207-209 Main Street. 211-215 Main Street : The Royersford Hotel consists of (5) one-bedroom apartments, (1) studio, (12) hotel rooms, and a 3,500 square foot restaurant/bar with a built-out kitchen, Hotel (H) Liquor License, and 22 off-street parking spaces. 207-209 Main Street: This is a 7-unit apartment building currently being run with the Hotel. This property consists of (3) one-bedroom apartments, (2) studios, (2) rooms, and a laundry room. Current ownership runs both properties as a hotel with the owner paying all utilities. They have a one-week minimum stay with an estimated average of six-month stay. Some tenants have been there for 10+ years. Both properties operate with nearly no vacancy. Less than half a mile away from the subject property, the Spring City Hotel charges $250 per room per week (with communal bathrooms), and $350 to $375 for studio apartments. Spring City Hotel posts a 95% occupancy rate with a two-week minimum stay at significantly higher rental rates proving the market rents can be increased significantly at The Royersford Hotel. New ownership has numerous options available to rent the rooms/apartments to increase the income of this property whether it be nightly, extended stay, or a hybrid model. In addition, they can operate the restaurant/bar or lease the space and hotel liquor license to a prospective tenant. The properties are located on Main Street, Royersfords highest-traveled road, with an array of restaurants and storefronts. In addition, the properties are situated down the road from The Riverfront at Royersford, the newest mixed-use development in Royersford, featuring 188 apartment units and 10+ retail stores making this one of the largest attractions in town.

Price History
3/12/2024 Listed $3,200,000

General Features

Sewer Public Septic,Public Sewer
Heating Baseboard - Electric
Cooling Other
Possession Settlement
Roof Pitched,Shingle
Zoning CB
Construction Materials Masonry,Stucco
Year Built 1880
Property SubType Mixed Use
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Other
Business Type Apartment Building,Hotel/Motel,Restaurant/Bar
Accessibility 2+ Access Exits
County MONTGOMERY
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Property Use Investment
Status ACTIVE
Directions Situated on “Main Street” in Royersford Borough in Highly Sought-After Montgomery County Pennsylvania Property is located west of Route 222 (Pottstown Expressway)
ModificationTimestamp 2024-03-12T12:50:48
City ROYERSFORD
Buyer Agent Compensation 2
Zoning Description Central Business District Retail/Office/Apartments Bar/Hotel
MLS Area Royersford Boro (10619)
Lot Size Square Feet 22550.00
Tax Assessed Value 15878.0
Waterfront Y/N No
Street Name MAIN
Tax Annual Amount 15878.0
Price Per Sq Ft 182.44
Vacation Rental Y/N No
Days on Market 50
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Water Source Public
Type of Parking On Street,Parking Lot
Water View Y/N No
Building Area Total 17540.00
Lot Size Acres 0.52
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No

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

Property vs Commercial Average in 19468

Price
AVG $1.11M
$3.2M
Taxes
AVG $10,657
$15,878
Visits
AVG 129
60
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1880

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