204 Lincoln HwyCoatesville, PA 19320

Property Details for 204 Lincoln Hwy

Year built

1873

Lot size

0.09 AC

Property size (Sq ft)

4,412 SF

Zone code

C2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1605 02440000

APU

160502440000

Description

Exceptional opportunity to acquire a turnkey restaurant located at 204-206 E. Lincoln Highway in Coatesville, Pennsylvania. This 9,492 square foot, two-story building, built in 1848 and extensively renovated in 2021, is zoned C2 and boasts a charming blend of historic character and modern amenities. The property includes all furniture, fixtures, and equipment, along with a liquor license, making it ready for immediate operation. The current configuration features a well-established restaurant, "The Record Kitchen + Bar," with a substantial bar, exposed brick walls, an open kitchen, and a secluded patio. Additionally, approximately 10,000 square feet of space includes a currently operating axe-throwing tenant and vacant space offering potential for expansion of existing businesses or the introduction of a new venture. The building's classic décor includes hardwood floors, storefront window seating, and high-top tables. Its prime location is within blocks of the expanding Coatesville Train Station and the proposed National Sports and Events Center, promising significant growth potential. The asking price is $2,370,000, representing a price per square foot of $249.68. The property's APN is 16-005-0246.0100. This is a rare opportunity to own a thriving restaurant in a revitalizing downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,774,242

  6.5%

  $1,637,762

  7%

  $1,520,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,511,366

  Geo Method

  $1,452,709

• Alternative Use

  Use

  Valuation

  Residential

  $1,381,514

  Hospitality

  $1,265,459

  Educational

  $1,052,847

  Medical

  $1,089,056

  Retail

  $1,637,762

Location Insight

City

Coatesville

County

Chester

State

Pennsylvania

Latitude

39.9831

Longitude

-75.8218

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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