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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 2023 income/expenses is 8.15%! 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 contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!
| DAYS ON MARKET | 10 | LAST UPDATED | 9/7/2024 |
|---|---|---|---|
| YEAR BUILT | 1880 | COMMUNITY | Royersford Boro (10619) |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Royersford Boro (10619) |
| CONSTRUCTION | Brick, Stucco |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| LOT | 0.7 acre(s) |
| LOT DIMENSIONS | 73.00 x 0.00 |
| SEWER | Public Sewer |
| TAXES | 13796 |
| WATER | Public |
| ZONING | Commercial - Bar/Hotel, Retail, Apartments/Rooms Mixed Residential/Commercial |
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