424 Main StSouderton, PA 18964

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

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.

• 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

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