605 Main StHellertown, PA 18055

Property Details for 605 Main St

Year built

1800

Lot size

0.19 AC

Property size (Sq ft)

9,533 SF

Zone code

TC

Property type

Hospitality properties

Property subtype

Hotels

APN

Q7SW2D 9 4A 0715

APU

Q7SW2D94A0715

Description

This exceptional turn-key restaurant opportunity is located on Main Street in Hellertown, Pennsylvania. The property boasts a beautiful stone building encompassing 9,533 square feet, with 3,000 square feet currently available for lease. The space features a fully equipped restaurant and bar, complete with a separate dining area, creating a versatile layout ideal for various culinary concepts. Recent renovations have enhanced the property's appeal, adding modern amenities while preserving its character. A key feature is the inclusion of a spacious patio area, perfect for outdoor dining, and a convenient parking lot with 10 spaces. Adding to the value proposition, a Northampton County R liquor license is available for purchase with the lease, providing a significant advantage for prospective operators. The property is zoned TC, and the building is a single-tenant space. The existing layout includes a pool table, adding to the unique ambiance. This is a rare opportunity to acquire a well-equipped, recently renovated restaurant with a prime location and the added benefit of a readily available liquor license. The combination of location, amenities, and license makes this a highly desirable investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,689,818

  6.5%

  $2,482,909

  7%

  $2,305,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,946,792

  Geo Method

  $2,927,117

• Alternative Use

  Use

  Valuation

  Residential

  $2,710,615

  Hospitality

  $2,482,909

  Educational

  $2,065,751

  Medical

  $2,136,796

  Retail

  $3,213,390

Location Insight

City

Hellertown

County

Northampton

State

Pennsylvania

Latitude

40.578

Longitude

-75.3404

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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