1311 Pa-507 Greentown, PA 18426
This turnkey restaurant in Greentown, PA, presents a fantastic investment opportunity. Located on over 2 acres of land at 1311 PA-507, this 1,754 square foot, single-story building boasts a prime location on busy Route 507, less than a mile from I-84 exit 20, ensuring high visibility and easy accessibility. Built in 1972 and renovated in 2014, the property features 60 indoor seats and over 70 outdoor seats under a pavilion, along with an outdoor bar and ample parking. All furniture and equipment are included, making this a truly move-in ready establishment. The property's unrestricted zoning allows for diverse commercial uses beyond a restaurant, such as private events or other businesses. The expansive lot offers significant potential for future expansion. Additional revenue streams could be generated through the placement of a digital billboard on the property. The asking price is $395,000, with a price per square foot of $225.20. The property is a fee simple ownership and has a parcel number of 085.00-01-31. The property is available for occupancy on November 5, 2024.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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