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

Mixed-use properties

Property subtype

Other investment properties

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%

  $213,003

  6.5%

  $196,618

  7%

  $182,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $105,818

  Geo Method

  $180,311

• Alternative Use

  Use

  Valuation

  Residential

  $243,807

  Hospitality

  $223,325

  Educational

  $185,804

  Medical

  $192,194

  Retail

  $289,029

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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