2201 Galloway RdBensalem, PA 19020

Property Details for 2201 Galloway Rd

Year built

1990

Lot size

7.80 AC

Property size (Sq ft)

53,900 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

02-033-048

APU

2033048

Description

This exceptional restaurant opportunity is located within the Shoppes at Celebrations, a thriving 60,000+ square foot neighborhood shopping center in Bensalem, Pennsylvania. The property, situated on a 7.8-acre lot, offers a fully operational and beautifully appointed turnkey restaurant space ready for immediate occupancy. The space boasts a large wrap-around bar, creating an inviting atmosphere for patrons. Elevated dining areas provide a sophisticated ambiance, while a dedicated private party room caters to special events and larger groups. A fully equipped kitchen ensures seamless operation, complemented by a convenient service area and an adjacent pizzeria and takeout kitchen, expanding operational capabilities and revenue streams. The restaurant benefits from its location within a bustling shopping center anchored by a prominent regional event and banquet facility, guaranteeing high foot traffic and visibility. A valuable liquor license is included with the lease, providing a significant advantage for prospective operators. This is a rare opportunity to acquire a well-established and high-quality restaurant space in a prime location. The high-end fixtures, furniture, and equipment (FF&E) are included, minimizing initial investment and allowing for a swift and efficient transition into operations. The expansive layout and versatile design offer significant potential for growth and customization to suit a variety of culinary concepts. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $15,501,358

  6.5%

  $14,308,946

  7%

  $13,286,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,747,286

  Geo Method

  $17,747,286

• Alternative Use

  Use

  Valuation

  Residential

  $12,070,131

  Hospitality

  $11,056,175

  Educational

  $9,198,608

  Medical

  $9,514,962

  Retail

  $14,308,946

Location Insight

City

Bensalem

County

Bucks

State

Pennsylvania

Latitude

40.1133

Longitude

-74.9378

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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