118 Germantown Pike East Norriton, PA 19401-1330
Property profile & analytics
118 Germantown Pike East Norriton, PA 19401-1330
- Strip malls
- 53,632 SF
- 5.36 lot acres
Property ID
US73-1511292
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 118 Germantown Pike
- Year built
- 1983
- Lot size
- 5.36 lot acres
- Property size
- 53,632 SF
- Zone code
- C
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 33-00-03017-00-1
- APU
- 330003017001
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,430,000
Market price range: $1.53M - $4.70M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,990,000 Current use
- MEDICAL BUILDING
- $8,455,000 Change: +21% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $7,735,000 Change: +11% Conversion: Difficult
- RESTAURANT
- $7,530,000 Change: +8% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $6,000,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- East Norriton
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3206
- Latitude
- 40.1451
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$195,653
$1,385,240
$2,767,950
$4,153,190
-
$1,385,240
$2,767,950
$4,153,190
