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60 MAIN, ALBURTIS, 18011

$5,498,000

  • 19,340 sqft
  • Commercial
60 MAIN, ALBURTIS, PA for sale.
60 MAIN, ALBURTIS, PA for sale.
Courtesy of Iron Valley Real Estate of Lehigh Valley
High Grossing Investment opportunity in Eastern Pa. of commerical units consisting of corporate lodging facility with short and long term tenants at Lodge/Tavern and full service restaurant and dinner theater, corporate meeting center. Consisting of 16 lodging units (with seven additional possible current rental income of 230,820) and two commerical units (lease rate not disclosed). The dining facility is currently doing over 2.6 M in sales (with adjust income showing at 296,978)for an attractive 9.5 cap rate. For the investor not looking to operate the food service, there is a potential tenant to lease food service to a experienced operator. The property was recently appraised and valuations for this offering exceeding 4,406,000 for the real estate in addition to the tavern revenues, includes liquor and gaming licenses, equipment and business, fixtures. This investment is in the commerical district with captive Borough market. As a shopping center and business investment nine additional buildings, consisting of two additional commerical units, 15 other rental units, for 448,500/ yr. gross rents, plus tavern profits and could create a package valued at over 7,000,000 for a qualified purchaser. Some possible owner financing of this package if qualified. Owner maybe traveling a lot in the near future and we are looking for qualified owner operator to continue this growth and be rewarded handsomely! Confidentially agreement requested.
Last updated on 1/17/2018
Courtesy of Iron Valley Real Estate of Lehigh Valley

More Details for 60 MAIN

Property Class: Commercial
Listing Status: Active
City: ALBURTIS
State: PA
Zip: 18011
Area: Alburtis Boro
Subarea:NONE AVAILABLE
County: LEHIGH-PA
Class: Commercial
Approx Lot Size: 0.870
Living Area (SqFt): 19,340 sqft
Lot Area Acre: 0.87
Property Age: 117
Listing#: 7063793
School District: E Penn
Tax Year: 2017
Taxes/Yr: $26,407 /2017

Features for 60 MAIN

Bathrooms: Pub RestRms, Prvt RestRms
Exterior: Vinyl Siding, Wood, Brick, MasonryExt
Floor: Tile/Brick, Wood, Vinyl
Hot Water: Electric
Parking: 101+CarGar, OnSiteGar, LotPark, PavedPark, StonePark
Sewer Septic: Public Sewer
Utilities: WaterAvail, SewerAvail, ButaneUtil, ElectrcAvail, PhoneUtil, CableTVAvail
Building Features: DisplayWndw, FireAlarm, FireEscape, KitchenFacil, Refrigerator, SecurityLgt, SecuritySys, Showers, Walk-InBox
Electric Service: 200-300AmpEl, CircBreakers
Foundation: StoneFound, ConcreteFoun, BlockBrickFd
Handicap: MoblImprMods
Plumbing: CPVC/PVC, CopperPlumb, MixedPlumb
Roof: PitchedRoof, ShingleRoof, Rubber
Wall Ceilings: SheetRckIntW
Building Or Business: Commercial, Apartmnt Bld, Restaurant, Tavern, FoodServices, Hotel/Motel
Exterior Amenities: HwyExpos, Sign
Fuel On Site: Electric, Propane
Location: Downtown, Corner Lot/Unit, ProfessCntr
Roads: Boro/Township
Topography: Level

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