3771 Layfield RdPennsburg, PA 18073

Property Details for 3771 Layfield Rd

Year built

1960

Lot size

1.42 AC

Property size (Sq ft)

2,619 SF

Zone code

R1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

57-00-02221-50-3

APU

570002221503

Description

This established restaurant at 3771 Layfield Road (Route 663) in Pennsburg, Pennsylvania, presents a fantastic opportunity for a new owner. The property boasts a substantial 3,800 square foot building situated on a 1.42-acre lot, offering ample space for operations and guest parking. Inside, the restaurant features seating for 80 patrons, equipped with two coolers and one freezer, representing a fully functional, turnkey operation. The location benefits from direct exposure to Route 663, ensuring high visibility and accessibility for customers. This long-standing eatery comes with an established clientele, providing a solid foundation for continued success. The property's real estate taxes are $5,261 annually. The asking price for this prime retail space is $439,900. This is an exceptional opportunity to acquire a well-positioned, profitable restaurant in a thriving community within Montgomery County. The property is zoned for retail use and offers significant potential for growth and expansion. Don't miss this chance to own a piece of Pennsburg's culinary landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $969,662

  6.5%

  $895,072

  7%

  $831,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $847,026

  Geo Method

  $862,340

• Alternative Use

  Use

  Valuation

  Residential

  $755,027

  Hospitality

  $691,601

  Educational

  $575,404

  Medical

  $595,193

  Retail

  $895,072

Location Insight

City

Pennsburg

County

Montgomery

State

Pennsylvania

Latitude

40.3631

Longitude

-75.526

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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