209 Main St Royersford, PA 19468
- Investment properties
- 3,645 SF
- 0.17 lot acres
Current Use by Public Records
- Investment properties
Property Details for 209 Main St
- Year built
- 1880
- Lot size
- 0.17 lot acres
- Property size
- 3,645 SF
- Zone code
- CB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 19-00-02280-00-5
- APU
- 190002280005
Description
This exceptional investment opportunity presents a rare chance to acquire the established Royersford Hotel, encompassing two adjacent buildings totaling 17,538 square feet on a 0.7-acre lot in Royersford, PA. The property includes 25 hotel rooms and 1-bedroom apartments, along with a recently updated bar and restaurant featuring a hotel liquor license. The 2024 projected capitalization rate is a strong 10.94%. Currently operating as a hotel with a minimum one-week stay, the property boasts low vacancy rates and long-term tenants. 209 Main Street comprises seven units (three one-bedroom apartments, two studios, two hotel rooms, and a laundry room servicing both buildings). 211 Main Street features twelve hotel rooms, five one-bedroom apartments, and one studio. A 3,500-square-foot bar, restaurant, and fully equipped commercial kitchen occupy the first floor, offering significant growth potential. The kitchen adheres to all safety and hygiene standards, boasting high-end equipment, an exhaust system, fire suppression, and ample refrigeration. The property benefits from a high daily traffic count of 15,000-20,000 vehicles. The new owner can self-manage, partner, or lease the bar and restaurant. Financial details are available upon request. This is a prime investment opportunity not to be missed.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $275,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $236,000
- AI Estimate
- $170,000
Market price range: $236k - $596kMarket price range: $170k - $435k
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Location Insight
- Map
- Local Demand
- City
- Royersford
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.5421
- Latitude
- 40.1836
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA