MLS® ID: 1000142714

914 GRAVEL PIKE

Palm, Pennsylvania, 18070

$895,000 Active
  • - SQFT
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.
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Listing courtesy of Aptcor Commercial

Amenities

  • Zip
    18070
  • Office name
    Aptcor Commercial
  • Subdivision
    None Available
  • Property type
    Commercial
  • School district
    UPPER PERKIOMEN
  • Year built
    1850
  • Lot size
    2
  • Tax year
    2018
  • Office ID
    APTCOR
  • Agent ID
    60044500
  • Agent name
    Virginia E Scarano
  • Tax amount
    $ 11821.0
  • Purchase Type
    Active
  • Price Range
    $800k-$900k
  • Acreage Range
    1 - 1.9 acres
  • Year Built Range
    1989 (and earlier)

Location

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