Date
Details
Price
Change
Source
9/07/2024
Listed
$2,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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209, 211 & 217 Main Street, Royersford, PA 19468
$2,999,000
209, 211 & 217 Main Street, Royersford, PA 19468View this property at 209, 211 & 217 Main Street, Royersford, PA 19468
209, 211 & 217 Main StreetRoyersfordPA19468
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Property Description
This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2023 income/expenses is 8.15%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!
Full Property Details
Full Property Details for 209 211 & 217 Main St
General
- Price: $2,999,000
- Taxes: $13,796 (2023)
- Status: Active
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PAMC2116360
- Updated: 9/8/2024
- Added to Site: 35 day(s) ago
Business
- Business Type: Apartment Building, Restaurant/Bar
Interior
- Flooring: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Tile
Parking
- Total Spaces: 25
- Parking Type: Parking Lot
Location
- Area: Royersford Boro (10619)
- Municipality: ROYERSFORD BORO
- County: Montgomery
- Cross Streets: S 3rd Ave
- Driving Directions: USE GPS
- Location Details: Business District
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Forced Air
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric, Propane
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Stucco
- Foundation: Brick/Mortar
- Roof: Shingle, Pitched
- Entry Floor Number: 1
- Stories/Levels: 0
- Year Built: 1880
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.7
- Lot Size (Sq. Ft.): 30,492
- Lot Size Source: Estimated
- Lot Dimensions: 73.00 x 0.00
- Frontage Feet: 118
- Street/Road Desc.: Black Top
- Lot Features: Backs to Trees, Road Frontage
- Zoning: BAR/HOTEL, RETAIL, APTS
- Lot Description: Backs to Trees, Road Frontage
Financial Considerations
- Price Per Sq. Ft.: $171
- Operating Expenses: $55,423
- Assessment Year: 2024
- School Tax: $9,493
- City/TownTax: $2,905
- City/TownTax Freq: Annually
- County Tax: $1,398
- County Tax Freq: Annually
- Tax w/Assessment: $291,980
- Tax Amount: $13,796
- Tax Year: 2023
- Owner Pays: All Utilities, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Payroll, Sewer, Sewer Maintenance, Supplies, Staff Apartment, Taxes - Real Estate, Trash Collection, Water
- Landlord Pays: All Utilities, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Payroll, Sewer, Sewer Maintenance, Supplies, Staff Apartment, Taxes - Real Estate, Trash Collection, Water
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Any leased equipment. Electronic games in the bar area and cooking oil cylinders in the basement.
- Inclusions: All equipment, furniture, inventory and supplies related to the bar, restaurant and hotel rooms plus Hotel Liquor License.
- Investment: Yes
- Lot Number: 19
Listed by RE/MAX Services, Michael S Choplin
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Listing agent
— 209 211 & 217 Main St —
Michael S Choplin
RE/MAX Services
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 209 211 & 217 Main St
School District:Spring-Ford Area School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
450 Spring St, Royersford, PA 19468 | PK-5 | 0.3 mi | |
|
833 S Lewis Rd Bldg 3, Royersford, PA 19468 | K-4 | 1.5 mi | |
|
833 S Lewis Rd Bldg 3, Royersford, PA 19468 | K-4 | 1.5 mi | |
|
700 Washington St, Royersford, PA 19468 | 8-8 | 0.6 mi | |
|
Spring-Ford Shs 9th Grade Center
400 S Lewis Rd, Royersford, PA 19468 | 9-9 | 0.8 mi | |
|
350 S Lewis Rd, Royersford, PA 19468 | 10-12 | 0.9 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 for 209 211 & 217 Main St
Tax History
Tax History for 209 211 & 217 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,038
4%
$67,890
—
2022
$2,919
-1%
$67,890
—
2021
$2,935
2%
$67,890
—
2020
$2,879
4%
$67,890
—
2020
$2,768
2%
$67,890
—
2019
$2,726
3%
$67,890
—
2018
$2,651
1%
$67,890
—
2017
$2,617
2%
$67,890
—
2016
$2,561
2%
$67,890
—
2015
$2,519
3%
$67,890
—
2014
$2,452
—
$67,890
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 209 211 & 217 Main St
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209, 211 & 217 Main Street, Royersford, PA 19468 (MLS# PAMC2116360) is a Business property. 209, 211 & 217 Main Street is currently listed for $2,999,000 and was received on September 07, 2024. Want to learn more about 209, 211 & 217 Main Street? Do you have questions about finding other Business real estate for sale in Royersford? You can browse all Royersford real estate or contact a Coldwell Banker agent to request more information.