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Description

This property has the capability to have many commercial uses and is a great value add opportunity for an owner/user combination to operate their business and collect rental income to support the mortgage. Property was appraised 2 years ago for $1.7million before Wawa finished construction and opened up. Brand new super Wawa opened directly next to this site along with a new traffic lighted corner and traffic has increased substantially. The site is located on approximately 1.8 acres and is situated on a corner lot in a highly visible location next to a brand new very busy super Wawa. The main building is currently a restaurant/bar encompasses approximately over 5000 square feet in the restaurant and the separate bar area is approximately 3500 sf. Both can be combined into one entire unit just by removal of a common interior wall. There is an incredible opportunity to expand the huge second floor unfinished area with high ceilings into almost anything within the zoning allowance. There is parking for over 75 cars on paved parking. The adjacent separate multi-unit commercial building encompasses approximately 7300 sf separated into 2 units of 4100 sf and 3200 sf but is actually 4 units currently being used as 2. Many different uses for this property with high exposure and traffic flow.For those who want a restaurant and bar operation and yearn for the true taste of nostalgia, Step into a world where the 70’s and 80’s come alive with the period décor as the restaurant is clean and intact and ready to open with minimal maintenance and clean up. Seller will sell the business with the real estate for a buyer who wants the real estate and business for $2.2 million. This is an opportunity for a restaurateur to own and operate this once Popular Bar and Restaurant Combined Under One Roof that has been in operation since 1958. Once considered the hot spot of Lower Bucks County, retiring owner offers this opportunity to a new and energetic owner. There is Seating Capacity for 220 Guests in the Restaurant in 3 distinct eating areas (one being an all glass atrium) with additional seating for 20 at the bar inside the restaurant. Adjoining the restaurant there is a separate bar/pub for those whose just wish to have casual conversation with lite fare that has a separate entrance in addition to the restaurant and has seating for 150 Patrons which serves as a bar and was once a popular niteclub with live entertainment that could be reactivated, if so desired. Both Have Full Service Bars and a PA State Liquor License is Included with the purchase of the business. Included on the Site is a detached separate multi-unit commercial building that is leased for added income to supplement the mortgage. There is a new roof and HVAC in the restaurant/bar building that has been installed in the last 2 years. Property has Phase 1 and Phase 2 environmental completion and clean up. New roof on adjacent building is being installed now. This property qualifies for 90% financing through SBA plus financed renovations. Retiring owner will consider giving a owner financed first mortgage to qualified buyer with 50% down payment.

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MLS Number: PABU2015208

Listing Provided By: Michael E Riccardi – (215) 353-0492 – cornellplace@comcast.net

M Riccardi Agency Inc – (215) 752-4200