245 Durham Rd Ottsville, PA 18942-9765
- Turn key restaurants
- 3,648 SF
- 0.41 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 245 Durham Rd
- Year built
- 1800
- Lot size
- 0.41 lot acres
- Property size
- 3,648 SF
- Zone code
- VC
- Property type
- Turn key restaurants
- APN
- 44-004-005
- APU
- 44004005
Description
This iconic Ottsville, PA inn, established in the early 1800s and operating for over 90 years, presents a unique investment opportunity. The property boasts a charming restaurant and bar with seating for approximately 100 patrons, including outdoor dining, a full-service bar, and a spacious kitchen. Ample parking accommodates 33 vehicles. The lower level offers extensive storage. Upstairs, six residential rental units generate approximately $38,000 in annual income. The building, totaling 3,648 square feet across three stories, underwent renovations in 2008. Situated on a 0.41-acre lot, it benefits from low annual property taxes of $5,157 and a convenient location near Routes 611, 413, 113, and 563, attracting patrons from Bucks County and beyond, including New Jersey. The property includes a liquor license and all furnishings, fixtures, and equipment (excluding vending machines). Various uses are permitted under the VC zoning classification. This mixed-use property offers a blend of hospitality and multi-family rental income, making it an attractive investment. The building features one structure with 33 parking spaces.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $335,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $355,000
- Mixed-Use
- $375,000
- Hospitality
- $340,000
- Educational
- $420,000
- Residential Income
- $410,000
- Energy
- $325,000
- Income-Based Land
- $405,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Ottsville
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.1601
- Latitude
- 40.4721
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA