Ridge Pike Multi-Unit Restaurant
2864 Ridge Pike Eagleville, PA 19403
2864 Ridge Pike, Eagleville, PA, 19403
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For Sale
Contact for pricing
Pending
Front 60-seat restaurant with two rental apartments, plus rear land measured at approximately 4,000 sf.
Days on Market104
Property Features for 2864 Ridge Pike
General Information
- Standard status
- Pending
- Property subtype
- Retail, Mixed Use
Listing agency
Weichert Realtors
Listed by
Karan Hivale · License #PA RS316436
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 6:24PM Checked: Jul 22 at 6:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors
Investment Insights
Based on property information with market context.
This offering includes a 60-seat restaurant space on the front, along with two residential rental units. The restaurant has been rented for $4,000 per month under a 3+3+5 lease structure. A second-floor apartment features two bedrooms and 1.5 baths and is currently rented for $1,150 per month. There is also a rear three-bedroom, one-bath apartment with a basement, currently rented for $1,000 per month.
The property is located on busy Ridge Pike in Eagleville, Pennsylvania.
In addition to the existing improvements, the rear parcel includes land measuring approximately 4,000 square feet that the owner states could be subdivided and used to construct a dwelling unit of approximately 3,000 square feet, subject to Township approval. The remarks indicate plans were submitted but not followed up. The provided information also cites an approximately 8% cap rate on the investment.
The property is located on busy Ridge Pike in Eagleville, Pennsylvania.
In addition to the existing improvements, the rear parcel includes land measuring approximately 4,000 square feet that the owner states could be subdivided and used to construct a dwelling unit of approximately 3,000 square feet, subject to Township approval. The remarks indicate plans were submitted but not followed up. The provided information also cites an approximately 8% cap rate on the investment.
Key Highlights
- Front 60‑seat restaurant on Ridge Pike, currently rented for $4,000/mo (lease 3+3+5).
- Two rental apartments: 2BR/1.5BA rented for $1,150/mo and a rear 3BR/1BA with basement rented for $1,000/mo.
- Approximately 4,000 SF rear land noted as potentially subdividable for a dwelling unit of approximately 3,000 SF (subject to Township approval).
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Conventional restaurant - Front 60-seat restaurant with two rental apartments, plus rear land measured at approximately 4,000 sf.
Where is this conventional restaurant located?
The property is located at 2864 Ridge Pike Eagleville, PA.
What are key features of this property?
This property features: Front 60‑seat restaurant on Ridge Pike, currently rented for $4,000/mo (lease 3+3+5).; Two rental apartments: 2BR/1.5BA rented for $1,150/mo and a rear 3BR/1BA with basement rented for $1,000/mo.; Approximately 4,000 SF rear land noted as potentially subdividable for a dwelling unit of approximately 3,000 SF (subject to Township approval).
