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1100 E Philadelphia Avenue, Gilbertsville, PA 19525

$4,500,000

  • For Sale
  • Active
  • Commercial
1100 E Philadelphia Avenue, Gilbertsville, PA 19525View this property at 1100 E Philadelphia Avenue, Gilbertsville, PA 19525
1100 E Philadelphia AvenueGilbertsvillePA19525
Property Description
Zerns Farmers Market, a family-owned and operated business and cultural icon for the past 94 years is being offered for sale. This is an outstanding business opportunity to own one of eastern Pennsylvania's most long-established farmer's markets, representative of true Americana and the spirit of entrepreneurship. The 24 acre complex is located along the highly traveled Route 73 with additional access and a newly renovated residential home, built in 1751 on Jackson Road, making for ease of entrance and exit along with added business exposure. Founded in 1922, Zerns draws thousands of customers each year to its myriad vendors. Merchants are spread throughout a 200,000 square foot area under roof, with plenty of additional midway space
outdoors for seasonal offerings and a parking for 5,000 cars. The main building houses merchant businesses; many of whom have been vendors for decades and have built a loyal customer base. There is a separate wing where weekly auctions and special events are held including wrestling matches once a month. The second part of the complex is perfect for flea market vendors. The business mix is diverse and includes antiques and collectibles, toys, pets and a pet bakery, clothing, electronics, produce, prepared foods, a full service butcher shop, a delicatessen, a barber shop, two bakeries, a specialty spice, tea and coffee stand and many eateries. Well known in the community and a longtime favorite spot for locals to meet, the market's reputation draws customers from Montgomery County, Berks County, Lehigh Valley, Reading and Philadelphia, New York, New Jersey and Delaware. Regular Zernies make frequent return treks to their favorite vendors. The main building is heated; extraction fans provide cooling in the summer months. Don't miss this opportunity to own an iconic part of the Montgomery County community, an established business with room to grow even larger as consumers embrace buying local, supporting local agriculture, and diverse enterprises.

Full Property Details for 1100 E Philadelphia Ave

General

  • Price: $4,500,000
  • Taxes: $92,855 (2018)
  • Status: Active
  • Type: Commercial
  • MLS ID: 1000271763
  • Updated: 7/27/2018
  • Added: 630 day(s) ago

Business

  • Includes: Land Only

Parking

  • Parking Type: None

Location

  • Area: Douglass Twp (10632)
  • County: Montgomery
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Jackson Rd

Structural Information

  • Architectural Info: Other
  • Stories/Levels: 0
  • Year Built: 1949
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 24
  • Lot Size (Sq. Ft.): 891,238
  • Lot Dimensions: 485
  • Zoning: GC

Financial Considerations

  • Tax w/Assessment: $2,900,000
  • Tax Amount: $92,855
  • Tax Year: 2018

Disclosures and Reports

  • Ownership: Other
  • Lot Number: 3

Listed by Kurfiss Sotheby's International Realty, Ryan S Cortez and Kurfiss Sotheby's International Realty, Joanne Lombardi

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Schools

Schools serving 1100 E Philadelphia Ave

Score
Name
Grades
Distance
8
120 North Monroe St, Boyertown, PA 19512
10-12
0.8 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 1100 E Philadelphia Ave Get Price Alerts

Date
Details
Price
Change
Source
2/23/2018
Price Reduced
$4,500,000
-16.67%
MLS
11/27/2016
Listed
$5,400,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 1100 E Philadelphia Ave

Listed by Kurfiss Sotheby's International Realty, Ryan S Cortez and Kurfiss Sotheby's International Realty, Joanne Lombardi

1100 E Philadelphia Avenue, Gilbertsville, PA 19525 (MLS# 1000271763) is a Commercial property. 1100 E Philadelphia Avenue is currently listed for $4,500,000 and was received on November 27, 2016. Want to learn more about 1100 E Philadelphia Avenue? Do you have questions about finding other Commercial real estate for sale in Gilbertsville? You can browse all Gilbertsville real estate or contact a Coldwell Banker agent to request more information.