Property summary
This exceptional Avondale, Pennsylvania restaurant presents a unique investment opportunity. Priced at $2,300,000, this 1.1-acre freestanding property boasts a 4.5-star rating and includes a valuable liquor license. Currently operating as a restaurant, the space is adaptable for redevelopment or conversion to a land lease. Its prime location on Gap Newport Pike (Route 41) ensures high visibility and volume traffic, benefiting from easy access to major roadways including Route 1 (north/south Pennsylvania and Maryland), Route 41 (Wilmington, Delaware), and the Interstate 95 interchange. The property enjoys proximity to thriving areas such as Kennet Square, New Garden Town Center, and various amenities including CVS, Hartefeld National Golf Course, Tractor Supply, and New Garden Airport. The area is experiencing significant residential growth, with a 14% increase in just one year, fueling high demand for restaurants, quick-service restaurants, grocery stores, medical facilities, retail spaces, office space, and light industrial uses. This "A" rated location in a highly desirable suburban area makes it an ideal investment for both established businesses and new ventures seeking to capitalize on the region's robust growth trajectory. Multiple residential developments are in the presentation/approval stages, further solidifying the area's promising future.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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