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15610458
15610460

5005 Kutztown Rd, Temple, PA 19560-1232 For Sale

RK
PA AB046642A
RE/MAX Of Reading
Listed by RE/MAX Of Reading
$1,050,000
856 days on market
Updated 21 days ago

5005 Kutztown Road, Restaurant Location

Details
Property Type Hospitality
Sub Type Motel
Square Footage 5,785
Keys 12
Occupancy 90%
Year Built 1853
Year Renovated 2014
Buildings 1
Lot Size (SqFt) 20,473
Parking Spaces 42 spaces
Parking per 1,000 SqFt 7.26
Investment Type Owner/User
Ownership Fee Simple

Restaurant Building with nearly $100,000. added annual income from rooms and comm. space

Marketing description

Here is a fully equipped restaurant and bar with twelve room rentals that stay consistently occupied at a very high percentage, with usually always a waiting list. Additionally, there is a beauty Salon leasing approximately 854 SF first floor space at $1,150.00 per month. The first floor of this property has a fully operational kitchen and restaurant area with a Hotel Liquor License included. The present operating business is not for sale, but one can take advantage of this turn key facility with 40 plus parking spaces, and residual, non restaurant/bar income approaching $85,000.00 per year. Not many opportunities like this come along in a tight real estate market like the one we have right now! Seating for 140 patrons inside and an additional 80 in the outside dining area make for plenty of service area to accommodate a very robust customer demand. With a 20,473 square foot lot located at a lighted intersection of Kutztown Road and Mt. Laurel Rd, this newly painted Muhlenberg fixture offers location, access, visibility and versatility.

Investment highlights

Twelve rental room with high occupancy

Additional commercial beauty salon tenant at $1,200.00 per month

Parking in front and in the rear. The entire lot is utilized for maximum value

Presently operating as a full service restaurant with Hotel Liquor License

Traffic lit intersection, improving access, visibility and traffic quality

Well cared for and maintained facility

Listing Contacts

RK
PA AB046642A
RE/MAX Of Reading
Listed by RE/MAX Of Reading

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Additional Information

Name
Robert Kearney
License
AB046642A
Brokerage
Re/Max of Reading
Title
Real Estate Broker
Brokerage Address
1290 Broadcasting Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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