901 Lincoln Ave - Restaurant FOR SALE


Prospect Park, PA 19076
$499,000 USD
844-855-9663
901 Lincoln Ave, Prospect Park, PA for Sale
$499,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

901 Lincoln Ave
Prospect Park, PA 19076


HIGHLIGHTS

  • Established and successful business. Retirement Sale
  • Includes rented, second story, two-bedroom apartment
  • All FFE included

OVERVIEW

Retirement Sale - Established/Successful Pizzeria with 2BR apartment! This is your opportunity to acquire a long-established, well regarded neighborhood pizza parlor and grill. Business benefits from established goodwill and its proximity to a highly trafficked road, great visibility, established relationships within the community, and attractive population density and demographics. This is a retirement sale after 30 successful years in business. Presently, the pizzeria continues to operate on its standard schedule: 6 days a week until 9/10pm nightly. Business is primarily take-out and delivery. The purchase also includes an attached, leased, 2-bedroom apartment and all pizza restaurant assets. Restaurant equipment highlights include 3 Blodgett pizza ovens, a large Hobart mixer, spotless hood, 3 fryers, large grill, and Continental refrigerator. Additional equipment includes Berkel slicer, Somerset dough roller, walk-in with Trenton refrigeration, Motak fridge, additional freezer boxes. Recent upgrades to the property include newer blacktop, roof, electric, subfloor and tile. Financials may be made available after tour with a signed NDA. Based on the fact business is currently operating, tours will be scheduled for Mondays.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Cornerstone Pizza - 901 Lincoln Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,962 SF

ZONING

-

APN/PARCEL ID

33-00-01014-00

ASK ABOUT THIS PROPERTY

Mike GriesPenzone RealtyMore Info
844-855-9663

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Mike GriesPenzone RealtyMore Info
844-855-9663

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