914 GRAVEL PIKE Palm, PA $ 895,000
914 GRAVEL PIKE
$ 895,000
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914 GRAVEL PIKE

Palm, PA, 18070
$ 895,000
Bedrooms Baths-- Sq 10,000

Monthly Estimate*

$ 4,268

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Commercial Property for sale in Palm, PA

for $895,000. This 10,000 square foot building was built in 1850 on a lot size of 00X00.

Former home of famous Cab Frye's Bar and Restaurant, property is an investment opportunity to own or lease. This well-maintained, fully-equipped restaurant features seating for over 100, outdoor seating, bar and tavern, updated kitchen, additional kitchen in restored barn for catering. Restaurant is beautifully maintained, over 2 acres of manicured grounds, a destination, countryside location located in a bucolic setting. As INVESTMENT PROPERTY, property offers income from restaurant and 4 apartments, all apartments fully leased with strong tenancy history. Here is an opportunity to lease the restaurant or operate as your business. Restaurant is available for lease at 4, 500 dollars/mo. Together, rental income from restaurant and apartments yields in excess of 100, 000 dollars/year income. Additional income opportunity from the catering business that is available for sale; it currently yields over 600, 000 dollars in annual income. With purchase of property is a liquor "R" license. The liquor license can be leased via a separate management agreement for those interested in leasing the restaurant. This income-producing property is not just a dream-come-true but a once-in-a-lifetime opportunity for those seeking a restaurant-tavern, rural ambiance, apartment income and financial stability. Showings by appointment.

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Commercial Active

Price

$ 895,000

Property Type

Commercial

Taxes

$ 11,821

Style

Other / Unknown

Lot Size

00X00

Year Built

1850

Town/City

Palm

County/Region

Montgomery

MLS | Web ID

1000142714

Features
Room Sizes
Master Bedroom
Interior
Appliances Fire Alarm
Cooling System Central Air
Flooring Tile Flooring Wood Floors
Heating Source Electric Natural Gas Oil
Heating System Forced Air Hot Water Heater: Electric Hot Water Heater: Gas
Interior Walls: Plaster
Sewer On Site Septic Sewer
Water Source Public Water
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Exterior
Construction Brick Other Stone
Exterior Security Lighting
Foundation Concrete
Lot Description Level/Flat Rolling/Hilly
Road Frontage State Road
Roof Pitched/Sloped Shingle Roof
Zoning Rural
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Miscellaneous
Commercial Ceiling Fans Commercial Refrigerator Fire Escape Kitchen Restroom(s) Walk-In Box
Location Near Highway Other
Other Copper Plumbing CPVC/PVC Plumbing
Utilities Above Ground Utilities Cable TV Available Electric Gas Multiple Phone Lines OIL Phone Phone Line Available TV-Cable Water
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* Excluded Features
List By

Listing Agent

Aptcor Commercial

Broker

Affordability Calculator

$5,253
Per Month
81%
19%
0%
Monthly Principal & Interest
$4,268
Monthly Property Taxes
$985
Monthly Home Insurance
--
Edit Insurance and Taxes
Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
UPPER PERKIOMEN School District

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914 GRAVEL PIKE, Palm, PA, 18070 is a Commercial Property for sale at $895,000 with 10,000 sqft and a lot size of 00X00. 914 GRAVEL PIKE was built in 1850. The property's zip code is 18070 which is in Palm, PA