424 Main StSouderton, PA 18964

  • Retail properties
  • 3,292 SF
For Sale
$850,000 View listing

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
424 Main St, Souderton, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,547
-
-
$144,970
-
-
-
$144,970

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