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Property profile & analytics
OFF-MARKET Estimated value $5,110,000
Strip malls

118 Germantown Pike East Norriton, PA 19401-1330

53,632 SF 5.36 ac lot Built 1983
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US73-1511292
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established and highly-rated restaurant and bar in East Norriton, Pennsylvania. Located at 118 W Germantown Pike, this 1,875 square foot eatery boasts a strong reputation for its delicious pizzas, salads, seafood, and other menu items, consistently earning excellent customer reviews. The business benefits from a prime location within a busy suburban shopping center, ensuring high foot traffic and a steady stream of customers. The fully operational kitchen is equipped with well-maintained ovens and all necessary equipment, ready for immediate use. The comfortable dining area offers ample seating, accommodating families and larger groups. A robust delivery and takeout service further expands the customer base beyond walk-in traffic. This turnkey operation sits on a 5.36-acre lot with 40 parking spaces, offering ample convenience for patrons. The property, built in 1983, is zoned for commercial use (APN: 33-00-03017-001) and is offered as a leasehold interest. The asking price is $285,000. This is an ideal investment for an experienced restaurateur or a passionate entrepreneur seeking a proven, profitable business in a high-demand area. The business's established success and loyal customer base provide a solid foundation for continued growth and profitability.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Total area 53,632 SF
Lot 5.36 ac (233,482 SF)
Zoning code C
APN 33-00-03017-00-1
UPID US73-1511292
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.43M
Blend (final) Blend
$5.11M
Owner & transaction history
Hillcrest Plaza · 8 yrs held
Hillcrest Plaza
since 2018
5 recorded transactions
2018
Price N/A
2006
Price N/A
2002
Price N/A
1998
$2.4M
1969
Price N/A
Zoning & alternative use
C · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $8.5M +20.9%
Apartment house (5+ units) $7.7M +10.7%
Restaurant $7.5M +7.7%
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