603 Summit Avenue

    JENKINTOWN, PA 19046
    • $1,350,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: PAMC613846
    $1,350,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    Great Investment Opportunity!!! Positive cash flow here! Well established bar/restaurant business being operated in this money making property located in the heart of Jenkintown. The sale of this property also includes the 2 bedroom, 1 bath house which is in the rear along with two 1bedroom, 1 bath apartments. The business is NOT for sale. What~s being sold is the main property (Bar/Restaurant building) the 1 house, the 2 apartments and a Montgomery County liquor license. The liquor license is connected with a 10 year lease of the bar. Bar/Restaurant property has been updated and is in great shape. Main bar area seats up to 25 guests and the dining room accommodates up to 50 guests. The house and apartments have also been updated throughout and are in move-in condition. All properties are currently rented. You~ll never have an issue renting the apartment units or the house even if any of these rental units do become vacant. You~ll be able to get new tenants within days. There's a 40 plus unit condominium complex being built across the street which will mean many more potential customers for the bar/restaurant. Furthermore, the schools are some of the best in the state. Please do NOT speak with employees about the sale of these properties. One of the listing agents is also the seller and a PA licensed Realtor.

    Monthly Payment Calculator

    ©2019 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. 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: 2019-07-21T23:51:40.323.
    www.bremove.com/homes/96268109

    603 Summit Avenue JENKINTOWN, PA 19046

    • Price: $1,350,000
    • Status: Active
    • ID#: PAMC613846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1900
    Built
    Neighborhood:
    Jenkintown Boro (10610)
    County:
    Montgomery
    Area:
    Jenkintown Boro (10610)
    School District:
    Jenkintown
    Property Description
    Great Investment Opportunity!!! Positive cash flow here! Well established bar/restaurant business being operated in this money making property located in the heart of Jenkintown. The sale of this property also includes the 2 bedroom, 1 bath house which is in the rear along with two 1bedroom, 1 bath apartments. The business is NOT for sale. What~s being sold is the main property (Bar/Restaurant building) the 1 house, the 2 apartments and a Montgomery County liquor license. The liquor license is connected with a 10 year lease of the bar. Bar/Restaurant property has been updated and is in great shape. Main bar area seats up to 25 guests and the dining room accommodates up to 50 guests. The house and apartments have also been updated throughout and are in move-in condition. All properties are currently rented. You~ll never have an issue renting the apartment units or the house even if any of these rental units do become vacant. You~ll be able to get new tenants within days. There's a 40 plus unit condominium complex being built across the street which will mean many more potential customers for the bar/restaurant. Furthermore, the schools are some of the best in the state. Please do NOT speak with employees about the sale of these properties. One of the listing agents is also the seller and a PA licensed Realtor.
    Exterior Features

    Construction Materials Stone Garage YN No Other Structures Above GradeBelow Grade Parking Features Public Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 4714.00 Cooling None Exclusions Negotiable Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Inclusions Negotiable Net Square Feet 4714.00

    Property Features

    Acceptable Financing Negotiable Accessibility Features None Assessment Year 2019 Association YN No Business Type Restaurant/Bar Central Air YN No Cooling Fuel None Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 301791552655 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 11814.0 Tax Assessment Amount 221780.0 Tax Lot 002 Vacation Rental YN No Water Source Public Zoning D

    Listing courtesy of Coldwell Banker Preferred-Blue Bell.
    ©2019 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. 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: 2019-07-21T23:51:40.323.
     
    Blackwell Real Estate
    2026 Industrial Dr
    Annapolis MD, 21401