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 Details
Full Property Detailsfor 914 Gravel Pike
Taxes: $11,821 (2018)
Type: Commercial Lease
MLS ID: 1000142714
Added: 159 day(s) ago
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 Features: Stall Shower
Flooring: Tile/Brick, Wood
Master Bedroom: Unspecified
Other Features: Public Restrooms, Ceiling Fans, Fire Alarm, Fire Escape, Kitchen, Refrigerator(s), Security Lighting, Walk-In Box
Parking Type: None
Parking: 26 to 50 Car Garage
Area: Hereford Twp (10252)
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.
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.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.