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914 GRAVEL PIKE, PALM, 18070

$895,000

  • Commercial
914 GRAVEL PIKE, PALM, PA for sale.
914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
                                  914 GRAVEL PIKE, PALM, PA for sale.
Courtesy of Aptcor Commercial
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.
Last updated on 11/16/2018
Courtesy of Aptcor Commercial

More Details for 914 GRAVEL PIKE

Property Class: Commercial
Listing Status: Active
City: PALM
State: PA
Zip: 18070
Area: Hereford Twp
Subarea:NONE AVAILABLE
County: BERKS-PA
Class: Commercial
Approx Lot Size: 2.000
Rental:Yes
Lot Area Acre: 2.00
Property Age: 168
Listing#: 7126127
School District: U Perkiomen
Tax Year: 2018
Taxes/Yr: $11,821 /2018

Features for 914 GRAVEL PIKE

Bathrooms: Three+Bath, CommonBath, Pub RestRms
Exterior: Wood, Brick, Stone
Floor: Tile/Brick, Wood
Location: Rural, Highway
Plumbing: CPVC/PVC, CopperPlumb
Topography: Level, Rolling
Utilities: WaterAvail, SewerAvail, GasAvail, ElectrcAvail, CableTVAvail, AbovGrndUtil
Building Features: CeilingFans, FireAlarm, FireEscape, KitchenFacil, Refrigerator, SecurityLgt, Walk-InBox
Electric Service: 200-300AmpEl
Foundation: ConcreteFoun
Hot Water: Oil, Natural Gas, Electric, PropanHtWtr
Roads: State
Sewer Septic: OnSiteSeptic
Wall Ceilings: SheetRckIntW, PlaterIntWll
Year In Business: 10+ Years
Building Or Business: Commercial, Leasehold, Retail, Apartmnt Bld, Restaurant, Tavern, FoodServices, Bed Breakfst, Hotel/Motel
Exterior Amenities: HwyExpos, Sign
Fuel On Site: Gas, Electric, Propane, Oil
Parking: 26to50CarGar
Roof: PitchedRoof, ShingleRoof
Traffic: Trf5000-9999
Water: Public

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