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209, 211 & 217 Main Street

ROYERSFORD, PA 19468
  • $2,750,000
  • STATUS: Active
  • ON SITE: 91 Days
  • ID#: PAMC2116402
UPDATED: 27 min ago
$2,750,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1880
County:

School Ratings & Info

School District:

Description

This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2024 income/expenses is 10.94%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please see attached 2024 income/expense spreadsheet or contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-09T08:50:26.363.
www.jonfreedman.com/homes/154890660
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209, 211 & 217 Main Street ROYERSFORD, PA 19468

  • Price: $2,750,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 27 min ago
  • ID#: PAMC2116402
0
Beds
0
Baths
0
½ Baths
0.7
Acres
1880
Built
Neighborhood:
Royersford Boro (10619)
County:
Montgomery
Area:
Royersford Boro (10619)
School District:
Spring-Ford Area
Property Description
This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2024 income/expenses is 10.94%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please see attached 2024 income/expense spreadsheet or contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!
Exterior Features

Construction Materials BrickStucco Door Features Double Entry Garage YN No Location Type Business District Lot Features Backs to TreesRoad Frontage Parking Types Parking Lot Property Condition Very Good Road Responsibility Boro/Township Road Surface Type Black Top Roof ShinglePitched Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 17538.00 Building Features BasementCeiling FansExhaust SystemKitchenOfficePrivate RestroomsPublic RestroomsRefrigerator(s) Cooling Central A/CWindow Unit(s) Exclusions Any leased equipment. Electronic games in the bar area and cooking oil cylinders in the basement. Flooring CarpetCeramic TileHardwoodLuxury Vinyl Tile Heating Baseboard - ElectricForced Air Heating YN Yes Inclusions All equipmentfurnitureinventory and supplies related to the barrestaurant and hotel rooms plus Hotel Liquor License.

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Central Air YN Yes Cooling Fuel Electric Cross Street S 3rd Ave Current Use BarCommercialHotel/MotelMulti ResidentialOfficeParkingResidentialRestaurantRetail Electric 200+ Amp Service Foundation Details Brick/Mortar Gross Income 416078.67 Heating Fuel ElectricNatural Gas Historic YN No Hot Water ElectricPropane Lease Considered YN No Municipality ROYERSFORD BORO Navigable Water YN N Net Operating Income 300954.67 New Construction YN No Number Of Units Leased 25 Number Of Units Vacant 0 Operating Expense Includes Cable TVElectricHeating/CoolingInsuranceParkingRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 803343820144 Owner Pays All UtilitiesCable TVCommon Area MaintenanceElectricityGasHeatInsuranceHeater Maintenance ContractLawn/Shrub CareSewerSewer MaintenanceSnow RemovalStaff ApartmentTaxes - Real EstateTrash CollectionWater Ownership Interest Other Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 13796.00 Tax Lot 019 Vacation Rental YN No Water Source Public Year Built Effective 2023 Zoning BAR/HOTELRETAILAPTS Zoning Description Commercial - Bar/HotelRetailApartments/Rooms Mixed Residential/Commercial

Listing courtesy of RE/MAX Services: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-09T08:50:26.363.
 
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Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton
103 E Route 70, Suite D
Marlton NJ, 08053