373 Hoffmansville RdBarto, PA 19504

Property Details for 373 Hoffmansville Rd

Year built

1800

Lot size

0.31 AC

Property size (Sq ft)

6,795 SF

Zone code

CC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

32-00-02948-00-8

APU

320002948008

Description

This exceptional mixed-use property at 373 Hoffmansville Road, Barto, PA, presents a unique investment opportunity. Priced at $549,000, this established restaurant is a favorite local eatery, complete with all fixtures, furniture, and equipment (FF&E). The sale includes two parcels totaling 0.31 acres: one housing the restaurant building itself, and the other providing ample parking. The building's design cleverly incorporates a separate upstairs apartment with its own private entrance, offering additional income potential or owner-occupied living space. There's also convenient kitchen access from the apartment. The restaurant's proven success and strong local following make this a compelling proposition for a buyer seeking an immediate return on investment. The current owners are ready to retire, presenting a rare chance to acquire a well-established business. An existing liquor license is also available for separate purchase, providing further potential for revenue generation. This turnkey operation offers a seamless transition for a new owner, minimizing start-up costs and maximizing immediate profitability. The combination of a thriving restaurant and a separate apartment unit makes this property a truly versatile and attractive investment in the vibrant Barto community. The ample parking lot ensures convenient access for patrons and residents alike. This is a remarkable opportunity to own a successful business and a residential unit in one convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,515,788

  6.5%

  $2,322,266

  7%

  $2,156,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,197,611

  Geo Method

  $2,237,344

• Alternative Use

  Use

  Valuation

  Residential

  $1,958,918

  Hospitality

  $1,794,359

  Educational

  $1,492,886

  Medical

  $1,544,228

  Retail

  $2,322,266

Location Insight

City

Barto

County

Montgomery

State

Pennsylvania

Latitude

40.3509

Longitude

-75.5842

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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