799 Gravel Pike, Palm, PA 18070
- Commercial real estate
- 5,144 SF
- 3.00 lot acres
Current Use by Public Records
- The Palm Tavern / Restaurant
Property Details for 799 Gravel Pike
- Lot size
- 3.00 lot acres
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 1, 2026 | $450,000 | Palm Inn LLC | 799 D & E Enterprises LLC | Deed | $700k · Wilmington Savings Fund Society |
| Apr 1, 2026 | — | Palm Inn LLC | — | Deed · related | $700k · Wilmington Savings Fund Society |
| Feb 23, 2024 | $23,400 | 802 Gravel Partners LP | 799 D&e Enterprises LLC | Deed | — |
| Feb 23, 2024 | — | 799 D&e Enterprises LLC | 799 D&e Enterprises LLC | Deed · related | — |
| Jan 19, 2021 | — | 799 D & E Ents LLC | — | Deed · related | $265k · Excel Fin'l |
| Nov 29, 2018 | — | 799 D & E Ents LLC | — | Deed · related | $190k · Other Institutional Lenders |
| Aug 16, 2018 | $230,000 | 799 D & E Ents LLC | Fv & Es LLC | Grant Deed | — |
Description
This exceptional turnkey restaurant opportunity, the Palm Tavern, is located at 799 Gravel Pike in Palm, Montgomery County, Pennsylvania, 18070. The property boasts a fee simple ownership and sits on a generous 3-acre lot. The main tavern area encompasses 5,144 square feet, currently operating at 50% occupancy, and is beautifully renovated. The interior comfortably seats 80 patrons, complemented by an outdoor patio with seating for an additional 20. The asking price is $590,000, translating to a price per square foot of $114.70. A significant upside potential exists with the inclusion of 12 boarding rooms located above the tavern. While currently unrented, these rooms present a substantial opportunity for increased revenue streams following renovation. The property also benefits from a valuable hotel liquor license, a key asset for any established or aspiring hospitality business. This unique combination of a thriving restaurant and significant development potential makes the Palm Tavern an attractive investment prospect in a desirable location. The property's prime location and existing infrastructure provide a solid foundation for immediate returns and long-term growth. This is a rare chance to acquire a well-established business with significant expansion possibilities. Detailed financial information is available upon request.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Palm
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.5330492
- Latitude
- 40.427251
