Restaurant Property with
For Sale
$850,000
424 N Main St, Souderton, PA 18964
Existing restaurant improvements sit beside a newly renovated park, with off-street and public parking available.
Property Size3,600 SF
Price / SF$236.11
Days on Market76
Property Features for 424 N Main St
General Information
Standard status
Active
Size
3,600 SF
Additional Details
Equipment Included
No
Building Details
Year Built
1984
Listing Agency:
RE/MAX Reliance
Listed By:
Kathy Cassel · License #RS171700L
(215) 723-4150
Source:
Kathywolfgang
Added: Aug 2
Changed: Oct 6
Last Checked: Oct 7 at 1:40PM
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 RE/MAX Reliance
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,600-square-foot restaurant property was built in 1984 and is currently configured for restaurant use. The improvements have also accommodated deli and hair salon operations in the past, providing a documented history of varied commercial uses. Fixtures and equipment can be removed from the premises or handled separately from the real estate.
The property is located at 424 N Main Street in Souderton, Pennsylvania. On-site off-street parking is supplemented by access to an additional public parking lot, while a newly renovated park is situated next to the property.
The property is located at 424 N Main Street in Souderton, Pennsylvania. On-site off-street parking is supplemented by access to an additional public parking lot, while a newly renovated park is situated next to the property.
Key Highlights
- 3,600‑square‑foot restaurant property
- Built in 1984
- Currently used as a restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,455
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,100
$869.1K
Cap Rate 7%
$620,786
$620.8K
Cap Rate 9%
$482,833
$482.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$62.1K $17.24/SF
− OpEx
−$18.6K −$5.17/SF
NOI
$43.5K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,100
Cap Rate 7%
$620,786
Cap Rate 9%
$482,833
Alternative Uses
Best Use
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,953 @ 7.0% cap · market cap 17.05%
Second Best
Retail
$620.8K
$543.2K – $724.3K
NOI $43,455 @ 7.0% cap · market cap 5.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
17,039 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
657 visits/mo
0.3 miles
Demographics for 18964, PA
14,366
Population
5,686
Households
2.5
Avg Household Size
43
Median Age
40%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
1,512
Density / Sq Mi
$94,291
Median Household Income
$53,660
Median Earnings
$1,358
Median Rent
$339,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements sit beside a newly renovated park, with off-street and public parking available.
Where is this conventional restaurant located?
The property is located at 424 N Main St Souderton, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,600‑square‑foot restaurant property; Built in 1984; Currently used as a restaurant
