Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
Mixed use building locates in the prosperous Norristown down area For Sale. 1/F is a commercial space currently runs as a tavern with "R " liquor license. "R" licensed establishments may sell Beer, Wine & Spirits for on-premises consumption & Beer , Sunday sale permitted, the fair value for the R" liquor license in Montgomery county is around $400,000 which includes in this sale. There is also a kitchen can serve hot food. Customers can enjoy the beer while have delicious dinner the same time. There are another passive income from the slot machines. They also have cigarette license to allow you sell the cigarette to the customers. Business are great and always busy. It is easy to operate and the seller can train the new owners. There are 3 bedroom apartment on the 2/F with separate entrance and fire exist stairs. There are total 4 source of incomes, the bar & food, the slot machine , the cigarette sale and the rental incomes. The owner runs the bar and food business for a long time, decides to retire. There is a comparable on 672-674 E Marshall St recently sold for $1.3 millions. It is a very rare opportunity to own a commercial property in downtown Norristown. Possess the R" liquor license- very few for sale in Montgomery county, Also have well built profitable business.
Features & Amenities
Interior
-
Total Bedrooms
3
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Residential Income
-
Architectural Style
Straight Thru
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Off Site
Financial
-
Sales Price
$1,200,000
-
Tax Amount
5120.0
-
Zoning
tavern, Bar, downtown row
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Jie Chen , Home Max Realty
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