About 209, 211 & 217 Main St
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. 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 the attached 2024 income/expense for the rental units which value the entire property alone for $1.6M! Bob's bar/restaurant income/expense is also attached along with a valuation of the inventory, furniture & fixtures. Please contact the list agent for financial information and to schedule an appointment. This is a unique, must see investment opportunity!
Features of 209, 211 & 217 Main St
MLS® # | PAMC2116360 |
---|---|
Price | $2,000,000 |
Bathrooms | 0.00 |
Square Footage | 17,538 |
Acres | 0.70 |
Year Built | 1880 |
Type | Commercial Sale |
Sub-Type | Five Or More Units |
Status | Active Under Contract |
Community Information
Address | 209, 211 & 217 Main St |
---|---|
Area | Royersford Boro (10619) |
City | ROYERSFORD |
County | MONTGOMERY-PA |
State | PA |
Municipality | ROYERSFORD BORO |
Zip Code | 19468 |
Amenities
Is Waterfront | No |
---|
Interior
Heating | Baseboard - Electric, Forced Air |
---|---|
Cooling | Central A/C, Window Unit(s) |
Has Basement | No |
Fireplace | No |
Exterior
Exterior | Brick and Siding, Stucco |
---|---|
Lot Description | Backs to Trees, Road Frontage |
Roof | Shingle, Pitched |
Foundation | Brick/Mortar |
School Information
District | SPRING-FORD AREA |
---|
Additional Information
Date Listed | September 7th, 2024 |
---|---|
Days on Market | 318 |
Zoning | BAR/HOTEL, RETAIL, APTS |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | RE/MAX Services |
---|---|
Contact Info | 2156412500 |