Listed By:
Rockland Capital LLC
Address
5 Main Street, Schwenksville, PA
Price
$ 699,000
Property Attributes
  • MLS#PAMC2037782
  • TypePending
  • MunicipalityLOWER FREDERICK TWP
  • CountyMONTGOMERY
  • CitySchwenksville
  • AreaLower Frederick Twp
  • Zip19473
  • StyleRestaurant/Bar
  • Year Built1920
  • Taxes$ 6305
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4800
  • Lot Size6,534 SqFt
Data Source:
Bright MLS
Property Description

This is a terrific opportunity for an investor or owner-occupant with a phenomenal location in the quaint village of Spring Mount. 1st time available in nearly 40 years! Low maintenance brick exterior and a new roof in 2/2022. 3 residential apartments and 1 long term ground floor restaurant tenant (sale does not include the pizza shop business). Two of the apartments were fully updated in the last couple of years, the 3rd is well maintained by a long term tenant. A definite value add candidate as the rents are under market, coin op machines could be added, and there is a possibility to frame out the rest of the 2nd floor area to create another apartment unit (confirm with township for all allowed/approved uses). The first floor has the pizza shop as well as a 1 bedroom apartment, the 2nd floor has two - 2 bedroom apartments. Apartments have access via a side building entrance with common stairwell. Basement houses the boiler units, hot water heaters, and tenant storage. Apartments have always been easy rentals, the Perkiomen Trailhead entrance is 500ft behind the building, and offers a steady flow of customers for the storefront, and is also a great tenant amenity. Agent is a relative of seller.

Price History
5/12/2022 Listed $725,000
6/6/2022 4% - $699,000

General Features

Accessibility None
Business Type Restaurant/Bar
Construction Materials Brick
Cool Fuel None
Cooling Ceiling Fan(s), Window Unit(s)
County MONTGOMERY
Days on Market 80
Exclusions tenant personal belongs and commercial tenant equipment
Heating Hot Water
Lot Size Square Feet 6426.00
MLS Area Lower Frederick Twp (10638)
New Construction No
Percent Ownership Fee Simple
Possession Immediate
Property Condition Very Good
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Investment
Sewer Public Sewer
Tax Annual Amount 6305.0
Tax Lot 96
Tax Year 2022
Total Units 4
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning NC

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 0.00
Car Parking Spaces 9
Inclusions Appliances
Lot Dimensions 160.00 x 0.00
Lot Size Acres 0.15
Lot Size Source Assessor
Navigable Water Y/N No
Total Parking Spaces 9
Type of Parking Off Site, Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19473

Price
AVG $510K
$700K
Taxes
AVG $6,216
$6,305
Visits
AVG 50
27
Year Built
AVG 1971
1920

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