599 Smt St King Of Prussia, PA 19406-2721
This exceptional mixed-use property, located at 599 Summit Street in King of Prussia, Pennsylvania, presents a unique investment opportunity. The 2,280 square foot, two-story building, constructed in 1900, sits on a 5,515 square foot lot and is zoned VC. Currently vacant since May 1, 2023, this property offers a turnkey restaurant space with all furniture, fixtures, and equipment included. The building features a full walk-out basement, gas radiant heat, and separate meters for the first and second floors. The second floor comprises a residential apartment, adding to the property's versatility. Exterior features include a one-vehicle carport and a shed. The property's corner location provides excellent visibility and accessibility. Annual property taxes are $2,471. The asking price is $330,000, translating to $144.74 per square foot. This is an owner/user investment opportunity in a desirable King of Prussia location, offering immediate potential for a new business or continued operation of a restaurant. The property consists of two units within a single building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · King Of Prussia, PAKing Of Prussia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.