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650 Washington Ave 5,300 SF 100% Leased Retail Building Jermyn, PA 18433 $766,360 CAD ($144.60 CAD/SF)

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EXECUTIVE SUMMARY

ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. Opportunities for a successful, turnkey business in excellent condition don't come around too often. For the past 50 years this diner has been a staple in the community and for the last 20 years, the same owner has cared for, maintained and run this thriving restaurant business. All building maintenance is up-to-date, including new forced hot air, heat, and air conditioning system, new roof, windows, siding, Restaurant, equipment, etc., within the past few years and can confidently go into the next 20 maintenance free. This building has the capacity to seat nearly 100 customers. Sale includes parking lot adjacent to building approximately 35 to 40 cars. All restaurant, equipment, utensils, coolers, freezers, fountains, etc. transfer to new owner.
Bonus #1 current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant.
Bonus#2 three fully rented apartments above the restaurant with long-term tenants and below market rents. (2) one bedroom one bathroom and (1) two bedroom one bathroom

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,300 SF
Building Class
C
Year Built
1930
Price
$766,360 CAD
Price Per SF
$144.60 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.47 AC
Zoning
C2 - zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels.
Parking
30 Spaces (5.66 Spaces per 1,000 SF Leased)
Frontage
166’ on Washington Avenue

NEARBY MAJOR RETAILERS

Community Bank
NBT Bank
Storage Sense

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0731204006800
Land Assessment
$1,404 CAD
Improvements Assessment
$31,585 CAD
Total Assessment
$32,988 CAD
  • Listing ID: 33713078

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 650 Washington Ave, Jermyn, PA 18433

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