608 Chestnut StDerry, PA 15627

  • Commercial real estate
  • 6,307 SF
For Sale
$450,000 View listing

Property Details for 608 Chestnut St

Year built
1910
Construction
FRAME
Lot size
0.33 AC
Property size (Sq ft)
6,307 SF
Property type
Commercial real estate
APN
06-01-09-0-004
APU
601090004

Description

This exceptional Derry Borough property presents a rare opportunity to acquire a thriving, established bar and restaurant with significant upside. The business boasts a rich history and enjoys a prime location on a main road, within easy walking distance of the town center. The stunning lake views provide a unique and attractive setting, differentiating it from competitors. Ample on-site parking ensures convenient access for patrons, making it ideal for a variety of events and gatherings. The property's significant advantage lies in the inclusion of an upscale home, attached to the commercial space. This offers the new owner the flexibility to reside on-site, enhancing operational oversight, or to generate additional income by renting the home. The building itself is described as massive and immaculate, reflecting a commitment to quality and maintenance. This turnkey operation is ready for immediate occupancy and presents a compelling investment opportunity for an experienced restaurateur or a savvy entrepreneur seeking a well-established business with substantial growth potential. The property's established presence in the community ensures a loyal customer base and strong local recognition. This is a truly unique offering, combining a successful business with the convenience of attached residential living. Don't miss this chance to own a piece of Derry's history and shape its future.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,540,239
    Hospitality
    $1,410,851
    Educational
    $1,173,811
    Medical
    $1,214,180
    Retail
    $1,825,929

Location Insight

City
Derry
County
Westmoreland
State
Pennsylvania
Latitude
40.3377
Longitude
-79.3059
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,461
$5,290
$30,930
$36,220
-
$5,290
$30,930
$36,220

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