Homes for sale - 2532 SWAMP PIKE, Pottstown, PA 19464

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

$1,299,000

Est. payment - /mo

8,400 SqFt

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UPDATED:

11/18/2024 02:01 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 8,400 sqft

Price per Sqft $154

MLS Listing ID PAMC2099558

Originating Board BRIGHT

Year Built 1928

Annual Tax Amount $8,127

Tax Year 2023

Lot Size 1.634 Acres

Acres 1.63

Lot Dimensions 255 x 288

Property Description

For Sale
The Pub - Established Bar & Restaurant with Type R Liquor License Plus Two Apartments
Address: 2532 Swamp Pike, New Hanover Twp, Montgomery County, PA (Mailing Address 2532 Swamp Pike, Pottstown, PA 19464)
Highlights: Turn Key Property with Multiple Cash Flow Revenue Streams

"The Pub has been a profitable staple in the area for decades and is ready for new owners to make it their own.
The *8400 + Total SF building is situated on 1.6 acres and offers a fully operational restaurant/ bar with coveted Montgomery County type “R” liquor license. The main dining room has a stage, dance floor area and a 35 seat horseshoe bar that flows into the semi private dining room. Back of the house offers a fully equipped kitchen, office, several storage rooms and two large walk-in coolers.

The additional 2,000 sq ft deck provides an area with ample additional seating that can be rented out for private events. The large covered deck features industrial glass garage doors that open and close connecting it to the open-air deck, making the space usable for at least 3 full seasons.

The expansive private parking lot provides 69 spaces and a wooded view.

There are two 1 bedroom 1 bath + den apartments on second story with private deck, offering an additional income stream.

Located on a heavily traveled main artery, the property enjoys excellent visibility and exposure from the nearly 13,000 passing cars per day." -Owner

Sale price includes all assets which consists of: real estate, building, Type R liquor license, FF&E and inventory.

Financial: Bar Gross 780k, Rental income 20k (34% under current market value), Vending averaging 70k.
Pro-forma $1million annual with increased hours and expanded Menu.

Seller assisted financing available for the right deal and qualified buyer.

Documents: Commercial Property Information Sheet, Upgrade Plans and Twp Requirements are in Documents Folder.
Detailed financials upon request to qualified buyer.

Location: 2532 Swamp Pike New Hanover Township Montgomery County, PA Boyertown School District (Pottstown address is for mailing purpose only)

Building Total SF: *8400+ Includes 2 apartments Sq Footage

Facilities: Turnkey Bar-Restaurant Facility, 69 Parking Spaces

Selling: All assets of which includes: All Real Estate, Building, FF&E, Inventory, Fully Equipped Restaurant and Bar w/Type R Liquor License

Additional Improvements: Covered Large Deck

Condition: Well Maintained w/ 2 Apartments (Tenant Occupied)

Financing: Some Owner Financing To Qualified Buyer

Support & Training: Seller will offer training for the new buyer.

Reason for Selling: Owner Retiring December 3, 2023

UPDATE: Owner has retired on December 3, 2023
Business is now closed and looking for a new owner.

Location

State PA

County Montgomery

Area New Hanover Twp (10647)

Zoning CC

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Inclusions FF&E and existing inventory

Equipment Negotiable

Heat Source Electric

Exterior

Garage Spaces 69.0

Waterfront N

Water Access N

Roof Type Shingle

Street Surface Black Top

Accessibility Level Entry - Main, Ramp - Main Level

Road Frontage Boro/Township

Total Parking Spaces 69

Garage N

Building

Lot Description Backs to Trees, Level, Road Frontage

Sewer Public Sewer

Water Well

New Construction N

Schools

School District Boyertown Area

Others

Tax ID 47-00-07212-004

Ownership Fee Simple

SqFt Source Assessor

Security Features Surveillance Sys,Monitored,24 hour security,Motion Detectors,Fire Detection System,Security System

Acceptable Financing Cash, Conventional, Seller Financing, Other

Listing Terms Cash, Conventional, Seller Financing, Other

Financing Cash,Conventional,Seller Financing,Other

Special Listing Condition Standard

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Listed by Gary A Pace • Richard A Zuber Realty-Royersford

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

2532 SWAMP PIKE Pottstown, PA 19464

William Mercogliano III

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

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