9494 Riverton RdBangor, PA 18013

  • Hotels
  • 3,858 SF
For Sale
$1,099,000 View listing

Property Details for 9494 Riverton Rd

Year built
1800
Lot size
1.49 AC
Property size (Sq ft)
3,858 SF
Zone code
LD
Property type
Hotels
Property subtype
Motels
APN
F12 1 6 0117
APU
F12160117

Description

This exceptional Bangor, PA property presents a unique investment opportunity. Located at 9494 Riverton Rd, 18013, this two-story, Class B building offers 19,826 square feet on a 1.49-acre lot. The main structure houses a fully operational restaurant featuring a 70-seat bar and lounge, an 80-seat main dining room, a small banquet room, and a large second banquet area capable of accommodating 250-300 guests. A fully equipped kitchen, walk-in coolers, and ample storage are included. The second level includes six hotel rooms, each with a private bathroom. A separate, adjacent three-bedroom, two-bathroom home with a four-car garage offers additional living space or rental potential. The property boasts 100 parking spaces, basement storage, updated 3-phase electrical systems, a new roof, and a liquor license is included in the sale. All restaurant equipment is also included in the asking price of $1,099,000 ($55.43/sq ft). Built in 1800, this vacant property is situated on the scenic Delaware River, offering incredible potential for a new owner. The property is zoned for restaurant and hotel use.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,088,568
    6.5%
    $1,004,832
    7%
    $933,058
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,192,565
    Geo Method
    $1,184,603
  • Alternative Use

    Use
    Valuation
    Residential
    $1,096,984
    Hospitality
    $1,004,832
    Educational
    $836,008
    Medical
    $864,760
    Retail
    $1,300,457

Location Insight

City
Bangor
County
Northampton
State
Pennsylvania
Latitude
40.8282
Longitude
-75.0868
CBSA code
10900
CBSA name
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 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
$16,796
$26,600
$196,300
$222,900
-
$53,200
$392,600
$445,800

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