650 Washington Ave - Restaurant FOR SALE


Jermyn, PA 18433
$585,000 USD
570-500-5254
650 Washington Ave, Jermyn, PA for Sale
$585,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

650 Washington Ave
Jermyn, PA 18433


OVERVIEW

ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. Opportunities for a successful, turnkey business in excellent condition don't come around too often. For the past 50 years this diner has been a staple in the community and for the last 20 years, the same owner has cared for, maintained and run this thriving restaurant business. All building maintenance is up-to-date, including new forced hot air, heat, and air conditioning system, new roof, windows, siding, Restaurant, equipment, etc., within the past few years and can confidently go into the next 20 maintenance free. This building has the capacity to seat nearly 100 customers. Sale includes parking lot adjacent to building approximately 35 to 40 cars. All restaurant, equipment, utensils, coolers, freezers, fountains, etc. transfer to new owner. Bonus #1 current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant. Bonus#2 three fully rented apartments above the restaurant with long-term tenants and below market rents. (2) one bedroom one bathroom and (1) two bedroom one bathroom

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,345 SF

ZONING

C2

APN/PARCEL ID

0731204006800

ASK ABOUT THIS PROPERTY

Noah DoncsesCobblestone Real EstateMore Info
570-500-5254

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Noah DoncsesCobblestone Real EstateMore Info
570-500-5254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.