MLS® ID: 1000142714
914 GRAVEL PIKE
Palm, Pennsylvania, 18070 $895,000
Former home of famous Cab Frye's Bar and Restaurant, property is an investment opportunity to own or lease. This well-maintained, fully-equipped restaurant features seating for over 100, outdoor seating, bar and tavern, updated kitchen, additional kitchen in restored barn for catering. Restaurant is beautifully maintained, over 2 acres of manicured grounds, a destination, countryside location located in a bucolic setting. As INVESTMENT PROPERTY, property offers income from restaurant and 4 apartments, all apartments fully leased with strong tenancy history. Here is an opportunity to lease the restaurant or operate as your business. Restaurant is available for lease at 4,500 dollars/mo. Together, rental income from restaurant and apartments yields in excess of 100,000 dollars/year income. Additional income opportunity from the catering business that is available for sale; it currently yields over 600,000 dollars in annual income. With purchase of property is a liquor "R" license. The liquor license can be leased via a separate management agreement for those interested in leasing the restaurant. This income-producing property is not just a dream-come-true but a once-in-a-lifetime opportunity for those seeking a restaurant-tavern, rural ambiance, apartment income and financial stability. Showings by appointment.