204 Ludlow StSummit Hill, PA 18250

Property Details for 204 Ludlow St

Year built

1856

Lot size

0.01 AC

Property size (Sq ft)

1,380 SF

Property type

Investment properties

Property subtype

Live-work space

APN

123B-52-E26

APU

123B52E26

Description

Prime investment opportunity awaits in Summit Hill, Pennsylvania! This 5,000 square foot retail property, located at 204 W Ludlow St, 18250, boasts a combined bar and restaurant space with significant upside potential. Currently, the establishment is not in operation, presenting a blank canvas for a new owner to establish their vision. However, the property is fully equipped and ready for immediate relaunch. A key advantage is the inclusion of a non-transferable hotel liquor license, a significant asset for any hospitality business. Adding to the revenue streams are eleven rentable hotel rooms, providing a substantial additional income source. This presents a unique opportunity to capitalize on both the restaurant/bar and lodging aspects of the business. The asking price is $595,000, translating to $119 per square foot. This turnkey operation in Carbon County offers a rare chance to own a well-situated, established business with immediate income potential and significant room for growth. The property is ready for a new owner to bring their entrepreneurial vision to life in this charming Pennsylvania town.

• CAP approach

  CAP return

  Valuation

  6%

  $241,506

  6.5%

  $222,928

  7%

  $207,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,934

  Geo Method

  $183,917

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $431,055

  Retail / Commercial

  $222,541

  Hospitality / Lodging

  $165,093

  Office

  $222,834

  Institutional / Educational

  $232,178

  Residential Income

  $271,648

  Multifamily

  $319,254

  Automotive / Energy

  $199,010

  Parking / Income-Based Land

  $67,509.20

  Restaurant / Food Service

  $118,467

  Healthcare / Senior Housing

  $227,398

Location Insight

City

Summit Hill

County

Carbon

State

Pennsylvania

Latitude

40.8242

Longitude

-75.8748

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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