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This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2023 income/expenses is 8.15%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!

Bedrooms: 0
Bathrooms: 0.00
Square Feet: 17538
Price: $2,750,000

MLS ID: PAMC2116402

For more information about this property, please contact Michael Choplin at 610-291-3056 or sold@michaelchoplin.com. You can also text 8572347 to 67299.

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10/29/2024 03:08:02 am

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