505 Main StTowanda, PA 18848

Property Details for 505 Main St

Lot size

0.02 AC

Property type

Retail space

APN

47-086.04-012-000-000

APU

4708604012000000

Description

This exceptional investment opportunity presents a thriving Italian restaurant, Vincent's Pizza, located at 505 Main Street in Towanda, Pennsylvania, 18848. The property encompasses a 0.02-acre lot and includes a well-established restaurant with a loyal customer base and strong reputation for its pizza and Italian cuisine. The restaurant offers dine-in seating for eighteen patrons, a profitable takeout business, and local delivery services. All existing inventory, including original recipes, kitchen equipment, and furniture, conveys with the sale. Further enhancing the investment potential, the property features a leased games of chance operation, generating additional income streams. Above the restaurant is a beautifully remodeled two-story apartment, complete with a spacious kitchen, living room, laundry facilities, two bedrooms, and a full bathroom. This apartment offers the potential for owner occupancy or generates supplemental rental income. The asking price for this turnkey operation is $465,000. This is a unique chance to acquire a cornerstone business within the community and enjoy immediate cash flow. The property is zoned commercial and offers a rare blend of hospitality and residential income potential. The restaurant's established reputation and loyal customer base, combined with the additional income from the apartment and games of chance, make this a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $206,758

  6.5%

  $190,854

  7%

  $177,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $200,524

  Geo Method

  $286,788

• Alternative Use

  Use

  Valuation

  Residential

  $160,992

  Hospitality

  $147,468

  Educational

  $122,692

  Medical

  $126,911

  Retail

  $190,854

Location Insight

City

Towanda

County

Bradford

State

Pennsylvania

Latitude

41.7652

Longitude

-76.4429

CBSA code

42380

CBSA name

SAYRE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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