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23136145

373 Hoffmansville Rd, Barto, PA 19504 For Sale

PB
RS 282949
eXp Commercial
Listed by eXp Commercial
$490,000
448 days on market
Updated 95 days ago

Congo Hotel

Details
Property Type Hospitality, Mixed Use (+1)
Sub Type Hotel, Restaurant
Square Footage 5,085
Units 2
Cap Rate 7.00%
Occupancy 100%
Tenancy Multi
Class B
Year Built 1800
Zoning Mixed Use
Investment Type Owner/User

Opportunity For Owner Operated Restaurant/tavern & Potential Rental Income

Marketing description

Seize this incredible opportunity to own a well-established, fully operational restaurant in a prime location! This sale includes the real estate, business, liquor license (“R” license), furniture, fixtures, and equipment (FF&E), making it a seamless transition for a new owner. The property consists of two parcel, one housing the restaurant and the other serving as a dedicated parking lot for customers. Adding to its value, the building features an upstairs apartment with a separate entrance, offering potential for an on-site residence or additional rental income. There may be an option to turn the large apartment into two units in the future, (pending township approvals, of course). The business is thriving, but the current owners are ready to move on to their next chapter, creating an ideal opportunity for a buyer to step in and bring their own vision to life. While the business name will need to be changed, all operations are in place for continued success. Additionally, purchasing the liquor license is not a requirement for an owner who wants to run a BYOB style concept. Don't miss out on this fantastic restaurant investment, schedule a showing today (showings are on Mondays and Tuesdays only) and explore the possibilities. You are more than welcome to visit the restaurant during business hours as a customer, but please do not speak to the staff directly about the sale.

Investment highlights

  • 5,085 SF building
  • Operating Full Service Restaurant
  • Real Estate Included In Sale
  • Liquor License Available For Sale As Well
  • 2 units with 100% occupancy
  • Built in 1800
  • Zoned for Mixed Use
  • Located in Barto, PA

Listing Contacts

PB
RS 282949
eXp Commercial
Listed by eXp Commercial

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