424 Main StSouderton, PA 18964
- Retail properties
- 3,292 SF
Property Details for 424 Main St
- Year built
- 1984
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 3,292 SF
- Zone code
- R3
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 21-00-05065-00-8
- APU
- 210005065008
Description
This exceptional 3,600 square foot commercial property, situated on a 0.24-acre lot at 424 N Main Street in Souderton, PA, presents a unique investment opportunity. Currently configured to accommodate a restaurant, the main floor comfortably seats 70 guests, while a lower level provides an additional 30 seats, ideal for private events. A state-of-the-art custom pizza oven is included. The property's prime downtown location ensures high foot traffic and excellent visibility within a vibrant and growing community. The space is adaptable to a variety of uses, making it suitable for a range of culinary concepts or other commercial ventures. The property benefits from Souderton's thriving atmosphere, including events like Third Fridays and Concert Sundaes, and the recently opened Broad Street Theater. This property is available for sale at $850,000. All existing equipment, fixtures, and inventory are available for purchase separately at $100,000. Alternatively, the property is available for lease at $5,000 per month, plus insurance, taxes, and utilities. Contact Souderton Borough for zoning and usage information.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,202,142
- 6.5%
- $1,109,670
- 7%
- $1,030,408
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,091,220
- Geo Method
- $1,083,934
-
Alternative Use
- Use
- Valuation
- Residential
- $936,048
- Hospitality
- $857,415
- Educational
- $713,359
- Medical
- $737,893
- Retail
- $1,109,670
Location Insight
- City
- Souderton
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.3142
- Longitude
- -75.3295
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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