150 Water St Milford, PA 18337

This exceptional opportunity presents the acquisition of the Waterwheel Cafe & Bakery, a thriving restaurant located at 150 Water St, Milford, PA 18337. Established in 1989, this landmark business operates within a beautifully restored 19th-century water-powered mill, listed on the National Register of Historic Places. The 3,000 square foot, two-story building, constructed in 1820 and renovated in 2010, boasts a unique ambiance, showcasing the original water wheel. The property includes 50 parking spaces and is zoned for commercial use. Currently operating as a multi-tenant property with four tenants, the lease is a gross lease with a credit-rated tenant. The asking price is $600,000 with a current NOI of $300,000. The lease term is 1.3 years, commencing November 30, 2023, and expiring March 31, 2025, with a renewable 5-year option. Rent increases are tied to the CPI. The business offers a full-scale restaurant, bakery, and bar, serving breakfast, lunch, and dinner (Thursday-Saturday). Situated on a heavily traveled road with a major intersection nearby, this property benefits from high visibility and ample parking. Strong financials are available upon request to qualified buyers. This is a rare chance to own a piece of Milford's history and a successful, established business.