245 Durham RdOttsville, PA 18942

Property Details for 245 Durham Rd

Year built

1800

Lot size

0.41 AC

Property size (Sq ft)

3,648 SF

Zone code

VC

Property type

Turn key restaurants

APN

44-004-005

APU

44004005

Description

This iconic Ottsville, PA inn, established in the early 1800s and operating for over 90 years, presents a unique investment opportunity. The property boasts a charming restaurant and bar with seating for approximately 100 patrons, including outdoor dining, a full-service bar, and a spacious kitchen. Ample parking accommodates 33 vehicles. The lower level offers extensive storage. Upstairs, six residential rental units generate approximately $38,000 in annual income. The building, totaling 3,648 square feet across three stories, underwent renovations in 2008. Situated on a 0.41-acre lot, it benefits from low annual property taxes of $5,157 and a convenient location near Routes 611, 413, 113, and 563, attracting patrons from Bucks County and beyond, including New Jersey. The property includes a liquor license and all furnishings, fixtures, and equipment (excluding vending machines). Various uses are permitted under the VC zoning classification. This mixed-use property offers a blend of hospitality and multi-family rental income, making it an attractive investment. The building features one structure with 33 parking spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $1,332,143

  6.5%

  $1,229,670

  7%

  $1,141,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,226

  Geo Method

  $1,201,152

• Alternative Use

  Use

  Valuation

  Residential

  $1,037,273

  Hospitality

  $950,137

  Educational

  $790,502

  Medical

  $817,689

  Retail

  $1,229,670

Location Insight

City

Ottsville

County

Bucks

State

Pennsylvania

Latitude

40.4721

Longitude

-75.1601

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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