3434 Route 646Gifford, PA 16732

Property Details for 3434 Route 646

Lot size

0.34 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

24-020. -162.00.

APU

2402016200

Description

This thriving bar and restaurant located at 3434 Route 646 in Gifford, PA, presents a unique investment opportunity. Boasting 2,574 square feet on a 0.92-acre lot, this turnkey operation is ready for immediate ownership. The property includes a fully equipped kitchen featuring dishwashers, ovens, stoves, freezers, refrigerators, prep stations, fryers, and ample sinks. A substantial 23x9 custom walk-in cooler ensures efficient food and beverage storage. The bar area is distinct from the dining room, offering flexibility for various operational styles. Additional features include a pool room (or extra seating), two sets of ADA-compliant restrooms, and a large outdoor deck. The building benefits from significant recent renovations, including in-floor radiant heating with a new boiler, new windows, a point-of-sale system, a tap system, security cameras, televisions, an acoustic system, and a Fire Ansul Suppression System. Ample parking is available. An unfinished upstairs apartment offers potential for extra income or residential use. A small loading dock with a man door off the kitchen provides convenient access. The property's location on a well-traveled road, coupled with its proximity to the Allegheny National Forest, ensures high visibility and potential for increased tourism-related business. The sale includes the liquor license, equipment, and inventory. Priced at $299,900.

• CAP approach

  CAP return

  Valuation

  6%

  $4,175,483

  6.5%

  $3,854,292

  7%

  $3,578,985

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,651,104

  Geo Method

  $6,439,316

• Alternative Use

  Use

  Valuation

  Residential

  $3,251,240

  Hospitality

  $2,978,118

  Educational

  $2,477,759

  Medical

  $2,562,973

  Retail

  $3,854,292

Location Insight

City

Gifford

County

Mckean

State

Pennsylvania

Latitude

41.8583

Longitude

-78.5968

CBSA code

14620

CBSA name

BRADFORD, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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