$265,000
$300,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
4,400 SqFt
SOLD DATE : 07/16/2021
Key Details
Sold Price $265,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $60
MLS Listing ID PABK376024
Sold Date 07/16/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1955
Annual Tax Amount $6,174
Tax Year 2020
Lot Size 0.630 Acres
Acres 0.63
Lot Dimensions 0.00 x 0.00
Property Description
This property is being offered for sale at auction on Monday, May 24, 2021 starting at 4:00 PM. List price is the opening bid only and is not indicative of the final sale price. TERMS: 10% down day of sale; settlement within 60 days of sale, balance due at settlement. 4,400 SF building currently operating as a successful Italian restaurant w/seating capacity for 120 people w/take-out & upstairs efficiency apartment on 1.5 acres. The restaurant has a beautiful dcor w/tiled floors throughout & features an enclosed foyer, front of house w/counter & large display bar in wood & tile, 2 dining rooms, 2 bathrooms, a bright open bar room w/separate entrance & deck for outdoor dining, large commercial kitchen w/hoods, Ansul system, walk-in cooler & freezer, basement with cold storage, washer & dryer hook-up and an upstairs eff. apartment w/bathroom. The building is equipped with grease traps, new multi septic system & new UV water treatment system. Paved lighted parking lot for 50+ cars and easement road providing access to a vacant lot w/electric, well & sewer. Existing restaurant equipment will be available for sale to purchaser or removed at no expense to purchaser. Located close to Jct. 568 & 625, min. to Maple Grove Speedway, 15 min. from Reading, less than 30 min. to Lancaster and 8 min. to turnpike. Come prepared to bid on an exceptional investment opportunity!
Location
State PA
County Berks
Area Brecknock Twp (10234)
Zoning NCV
Interior
Hot Water Propane
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 50.0
Utilities Available Electric Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 50
Garage N
Building
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Governor Mifflin
Others
Tax ID 34-4393-01-18-3200
Ownership Fee Simple
SqFt Source Assessor
Security Features 24 hour security
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Auction
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Bought with Merle Eberly • Horning Farm Agency
1619 Walnut St 4th FL, Philadelphia, PA, 19103, United States