103 SPRING MILL AVE Conshohocken, PA 19428

$950,000
103 SPRING MILL AVE, Conshohocken, PA 19428
Call 1-800-839-1363
6955880

Commercial Property for sale in Conshohocken, PA

for $950,000. This 4,435 square foot building was built in 1925 on a lot size of 0.18 Acre(s).

Property Information

  • $950,000
  • Commercial
  • 4,435 Square Feet
  • Taxes are $5,084
  • Restaurant
  • Active
  • Lot size of 0.18 Acre(s)
  • Built in 1925
  • Conshohocken, PA
  • Montgomery County
  • MLS/Web ID is 6955880

Description

Popular Conshohocken restaurant for sale, operating as Ted's Place Pizzeria Restaurant. Turnkey operation w/ significant expansion upside. Listed price includes the business, 10 car private parking lot, great storage & FF&E. Large 4 bedroom home is attached to the business & included in pricing. The entire structure (house & business) is approx 4, 435 sq ft. This is a well-positioned, corner property w/ great exposure located at the center of the active business district. New owner can easily add updated signage to further increase visibility to Fayette St. In addition to numerous office buildings, apt. & condo complexes that are steps away, plans for 2 office towers w/ over 400, 000 sq ft of office space & a 10-story luxury hotel were just approved to be built 1 block away! The building comes w/ sought after private parking AND is located across the street from the Municipal parking garage, providing public parking to support customers. New business owners could easily increase revenues exponentially Current business operates at very limited hours, has never offered delivery service or catering & NEVER leveraged marketing/advertisements. Never had a website. Today, sales are 100% word of mouth, loyal customers & positive online reviews. Current owners/operators have successfully maintained the business by just providing good food & service for 30 years, and are looking towards retirement. Opportunities to drive significantly more revenue and low upfront investment. Simply adding delivery, catering & basic marketing/advertising will increase revenues exponentially & allow new owners to access a whole segment of customers that current owners elect not to support. New owners can continue as a pizza shop, start brand-new restaurant or operate another form of retail. The possibilities are endless! There are tons of opportunities to leverage the additional residential space that comes with the restaurant. Purchaser can move in, rent out the home as is, create separate apartments for multi-unit rental income, or potential to expand the existing restaurant into the residence. Located in Conshohocken's Enterprise Zone there is potential funding via Conshohocken's Development Corp. In walking distance to public transportation (including train and bus routes), shops, businesses & easy access to all major highways. Restaurant includes an eat-in dining area, large fully operational and well-maintained kitchen & walk-in freezer. Unfinished basement for storage.

Exterior 3

Driveway

  • Paved Driveway

Exterior

  • Other

Parking

  • Off Street Parking
  • Parking Lot
  • Private Lot

Miscellaneous 1

Commercial

  • Sale Includes Building & Land
  • Sale Includes Equipment Only

† Excluded Feature

Neighborhood & Schools

School District: Colonial - Mont Co

 See complete school information

Listed By

Broker: KELLER WILLIAMS MAIN LINE REALTY

103 SPRING MILL AVE, Conshohocken, PA, 19428 is a Commercial Property for sale at $950,000 with 4,435 sqft and a lot size of 0.18 Acre(s). 103 SPRING MILL AVE was built in 1925. The property's zip code is 19428 which is in Conshohocken, PA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Conshohocken $548,236 42 % below $345,250 64 % below
Commerical listings in Conshohocken $3,222,500 239 % above $1,475,000 55 % above
Sold listings in Conshohocken $267,836 72 % below $263,000 72 % below

Get the facts about Conshohocken, PA!

Population 9,225
Population Growth (since 2000) 21 %
Median Income $75,557
Median Age 35.53
Households w/ Children 16 %

Residential Dwellings

  • Owned 2687
  • Vacant 1044
  • Rented 1830

Similar Listings

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