118 Germantown PikeEast Norriton, PA 19401

Property Details for 118 Germantown Pike

Year built

1983

Lot size

5.36 AC

Property size (Sq ft)

53,632 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

33-00-03017-00-1

APU

330003017001

Description

This exceptional opportunity presents the chance to acquire a well-established and highly-rated restaurant and bar in East Norriton, Pennsylvania. Located at 118 W Germantown Pike, this 1,875 square foot eatery boasts a strong reputation for its delicious pizzas, salads, seafood, and other menu items, consistently earning excellent customer reviews. The business benefits from a prime location within a busy suburban shopping center, ensuring high foot traffic and a steady stream of customers. The fully operational kitchen is equipped with well-maintained ovens and all necessary equipment, ready for immediate use. The comfortable dining area offers ample seating, accommodating families and larger groups. A robust delivery and takeout service further expands the customer base beyond walk-in traffic. This turnkey operation sits on a 5.36-acre lot with 40 parking spaces, offering ample convenience for patrons. The property, built in 1983, is zoned for commercial use (APN: 33-00-03017-001) and is offered as a leasehold interest. The asking price is $285,000. This is an ideal investment for an experienced restaurateur or a passionate entrepreneur seeking a proven, profitable business in a high-demand area. The business's established success and loyal customer base provide a solid foundation for continued growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $19,584,840

  6.5%

  $18,078,314

  7%

  $16,787,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,777,742

  Geo Method

  $17,659,044

• Alternative Use

  Use

  Valuation

  Residential

  $15,249,734

  Hospitality

  $13,968,674

  Educational

  $11,621,773

  Medical

  $12,021,464

  Retail

  $18,078,314

Location Insight

City

East Norriton

County

Montgomery

State

Pennsylvania

Latitude

40.1451

Longitude

-75.3206

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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