Description

This restaurant is not closing-restaurant is open-building is for sale with a tenant lease. Terrific investment in Trendy Havertown-A commercial gem located in the quaint section of Penfield, just off of Brookline Blvd. This building provides 1400 sq. ft. currently utilized as a popular restaurant and in the past as a well-known local deli that have serviced this area and surrounding Main Line areas with outstanding results over the past fifty years. Great opportunity to own and provide a cap rate of 7% right off the top of your investment. Seven years remaining of a ten year lease with the current business secures a positive income on your investment. Includes large area that currently serves 75+ people, and a work and prep space, additional work area in the back, two freezers, three prep areas; There is a basement attached for storage, one powder room, parking in the front; walk to the P&W (Septas Rt. 100 line); This is where the locals come together. Please do not disrupt the business at the location.

Details

MLS#PADE399052
StyleIndustrial
Sub-TypeResale
StatusActive
Year1966
Days On Site12

Features

SQ Feet1,690
Story(s)0
ZoningCOM

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Area Information

StatePA
CityHAVERTOWN
Zip Code19083
AreaHaverford Twp (10422)
Listing VS Median (in 19083)
Price:
$350,000
low | high
Med:
$324,950
57.157142857143% of Average
SqFt:
1,690
low | high
Med:
900
96.745562130178% of Average
$ / SqFt:
$207
low | high
Med:
$90
100% of Average
On Site:
12
low | high
Med:
22
54.545454545455% of Average
Listing Updated: 02/21/2019
MLS Number: PADE399052
Listing Provided By:
Florence McGarrity DelGaone  of  Long Foster-Havertown