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914 Gravel Pike, Palm, PA 18070

$895,000

  • For Sale
  • Active
  • Commercial Lease
914 Gravel Pike, Palm, PA 18070View this property at 914 Gravel Pike, Palm, PA 18070
914 Gravel PikePalmPA18070

Property Description

Former home of famous Cab Frye's Bar and Restaurant, property is an investment opportunity to own or lease. This well-maintained, fully-equipped restaurant features seating for over 100, outdoor seating, bar and tavern, updated kitchen, additional kitchen in restored barn for catering. Restaurant is beautifully maintained, over 2 acres of manicured grounds, a destination, countryside location located in a bucolic setting. As INVESTMENT PROPERTY, property offers income from restaurant and 4 apartments, all apartments fully leased with strong tenancy history. Here is an opportunity to lease the restaurant or operate as your business. Restaurant is available for lease at 4,500 dollars/mo. Together, rental income from restaurant and
apartments yields in excess of 100,000 dollars/year income. Additional income opportunity from the catering business that is available for sale; it currently yields over 600,000 dollars in annual income. With purchase of property is a liquor "R" license. The liquor license can be leased via a separate management agreement for those interested in leasing the restaurant. This income-producing property is not just a dream-come-true but a once-in-a-lifetime opportunity for those seeking a restaurant-tavern, rural ambiance, apartment income and financial stability. Showings by appointment.

Full Property Detailsfor 914 Gravel Pike

General

  • Price: $895,000
  • Taxes: $11,821 (2018)
  • Status: Active
  • Type: Commercial Lease
  • MLS ID: 1000142714
  • Updated: 6/12/2018
  • Added: 159 day(s) ago

Business

  • Business Type: Commercial, Leasehold, Retail, Apartment Building, Res
  • Year Established: -10
  • Includes: Land and Building, Business and Building, Equipment, Inventory, Fixtures, Liquor License, Owner Will Train, Land Only

Interior

  • Interior Features: Stall Shower
  • Flooring: Tile/Brick, Wood

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Additional Information

  • Other Features: Public Restrooms, Ceiling Fans, Fire Alarm, Fire Escape, Kitchen, Refrigerator(s), Security Lighting, Walk-In Box

Parking

  • Parking Type: None
  • Parking: 26 to 50 Car Garage

Location

  • Area: Hereford Twp (10252)
  • County: Berks
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Main St.
  • Driving Directions: Take Rt. 63 through town of Palm, PA and property is located on Gravel Pike.
  • Traffic Count: 5000-9999
  • Location Details: Highway

Heating & Cooling

  • Heating Fuel: Natural Gas, Electric, Bottled Gas/Propane, Oil
  • Water Heater: Oil, Natural Gas, Electric

Utilities

  • Sewer: On Site Septic
  • Water: Public
  • Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available, Cable TV Available, Above Ground

Structural Information

  • Architectural Info: Other
  • Construction: Wood Siding, Brick, Stone, CPVC/PVC, Copper Plumbing
  • Foundation: Concrete Perimeter
  • Roof: Pitched, Shingle
  • Walls/Ceilings: Other, Plaster Walls
  • Stories/Levels: 0
  • Year Built: 1850
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 2
  • Lot Size (Sq. Ft.): 87,120
  • Lot Dimensions: 00 x 00
  • Topography: Level, Rolling
  • Lot Features: Rural
  • Zoning: COMME
  • Lot Description: Rural

Financial Considerations

  • Tax w/Assessment: $356,000
  • Tax Amount: $11,821
  • Tax Year: 2018

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot: 9806

Listed by Aptcor Commercial, Virginia E Scarano

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Schools

Schoolsserving 914 Gravel Pike

School District:Upper Perkiomen School District
School Name
Grades
Distance
Upper Perkiomen High School
2 Walt Rd, Pennsburg, PA 18073
9-12
4.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 914 Gravel Pike Get Price Alerts

Date
Details
Price
Change
Source
1/15/2018
Listed
$895,000
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 Infofor 914 Gravel Pike

Listed by Aptcor Commercial, Virginia E Scarano

914 Gravel Pike, Palm, PA 18070 (MLS# 1000142714) is a Commercial Lease property. 914 Gravel Pike is currently listed for $895,000 and was received on January 15, 2018. Want to learn more about 914 Gravel Pike? Do you have questions about finding other Commercial Lease real estate for sale in Palm? You can browse all Palm real estate or contact a Coldwell Banker agent to request more information.