2165 State StAlburtis, PA 18011

Property Details for 2165 State St

Year built

1783

Construction

FRAME

Lot size

1.16 AC

Property size (Sq ft)

6,288 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5492-01-29-6249

APU

549201296249

Description

This exceptional 6,288 square foot property, located at 2165 State Street in Alburtis, Pennsylvania, presents a unique opportunity for a discerning restaurateur or innkeeper. Previously operating as the highly regarded Inn at Maple Grove, this building is now available for purchase at $595,000. Situated on a 1.16-acre lot, the property features stunning stone walls throughout the interior, adding to its undeniable charm and character. The dining area boasts attractive wood beam ceilings, creating a warm and inviting atmosphere. The sale includes existing kitchen equipment, such as refrigerators and an ice maker, providing a significant head start for any new business. The property's prime location offers easy access to nearby towns including Alburtis, Macungie, and Breinigsville. Furthermore, its proximity to the popular Bear Creek Mountain Resort, just 1.5 miles away, presents a significant advantage for attracting tourists and local clientele. The property offers considerable flexibility

• CAP approach

  CAP return

  Valuation

  6%

  $2,328,076

  6.5%

  $2,148,994

  7%

  $1,995,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,033,639

  Geo Method

  $2,070,407

• Alternative Use

  Use

  Valuation

  Residential

  $1,812,756

  Hospitality

  $1,660,475

  Educational

  $1,381,496

  Medical

  $1,429,008

  Retail

  $2,148,994

Location Insight

City

Alburtis

County

Berks

State

Pennsylvania

Latitude

40.4923

Longitude

-75.6187

CBSA code

39740

CBSA name

READING, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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