1401 Market StPottsville, PA 17901

Property Details for 1401 Market St

Year built

1951

Construction

STEEL FRAME

Lot size

0.05 AC

Property size (Sq ft)

620 SF

Property type

Turn key restaurants

APN

68-33-0049.000

APU

68330049000

Description

This thriving Pottsville restaurant, situated on busy Route 209 (Market Street), presents a unique turnkey opportunity. Established in the 1960s, the 600-square-foot building has recently undergone significant renovations, both inside and out. Improvements completed in 2020 encompass updated restaurant equipment, electrical systems, a point-of-sale (POS) system, HVAC, and a walk-in compressor, among other enhancements. Further demonstrating the commitment to safety and efficiency, a new Ansul fire suppression system was installed in 2023. The sale includes the business name, all trade fixtures, furniture, and equipment, ensuring a seamless transition for the new owner. An adjacent paved parking lot provides convenient parking for eight vehicles. The property sits on a 0.05-acre lot and is priced at $129,000. The business is currently operational and will continue to operate throughout the sale process, providing immediate income potential for the buyer. This is a rare opportunity to acquire an established, updated restaurant in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $140,675

  6.5%

  $129,853

  7%

  $120,578

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,804

  Geo Method

  $204,143

• Alternative Use

  Use

  Valuation

  Residential

  $109,536

  Hospitality

  $100,335

  Educational

  $83,477

  Medical

  $86,348

  Retail

  $129,853

Location Insight

City

Pottsville

County

Schuylkill

State

Pennsylvania

Latitude

40.6801

Longitude

-76.2082

CBSA code

39060

CBSA name

POTTSVILLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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