Views - Seller Financing
Listed By:
Richard A Zuber Realty-Royersford
Address
2532 Swamp Pike, Pottstown, PA
Price
$ 1,299,000
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

Property vs Pending Average in 19464

Price
AVG $320K
$1.3M
Taxes
AVG $5,119
$8,127
Visits
AVG 211
28
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1928

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