Property Attributes
- MLS#PADE2045402
- TypeCommercial
- CountyDELAWARE
- CityCollingdale
- AreaCollingdale Boro
- Zip19023
- StyleRestaurant/Bar
- Year Built1930
- Taxes$ 16095
- Price$ 749,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7596
Data Source:
Bright MLS
Property Description
BACK ON MARKET, BUYER FINANCING FELL THROUGH. Excellent opportunity to own this mixed-property with a lounge/bar with over 4,000 square feet of interior space and multiple apartments on top, plus a garage in the back. Parking in the driveway on the side of the building combine for a total of roughly 2-3 parking spots. This investment property currently features 3 apartments with the possibility to create 6-7 units or to bring the lounge/bar back to its glory days and have 4 units upstairs. The exterior of the property features large signage right on MacDade Blvd. Great location in the heart of Collingdale situated right on the corner of MacDade Blvd and Marshall Avenue. The large bar/restaurant/tavern has multiple entrances and is fully equipped a pool table, a dance floors, TVs, tons of seating, restrooms and the possibility to bring the kitchen back to full functionality. The main floor and bar seats 40-50 people comfortably. Traffic count is 25,000 plus. Possibility at this location to bring the bar back to it's glory days...restaurant/bar with multiple apartments upstairs. Don't miss out on your chance to own this amazing opportunity! Rents are currently below Market Rate! There is a ton of potential to bring this to a 9% cap rate. Please verify square footage, as public record was used for square footage information.
Price History | |
---|---|
1/18/2024 | Listed $749,900 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Radiator |
Cooling | Ceiling Fan(s),Wall Unit,Window Unit(s) |
Possession | Immediate,Negotiable |
Roof | Shingle |
Zoning | COMMERCIAL |
Security Features | Smoke Detector,Security Gate,Main Entrance Lock |
Construction Materials | Brick,Stone |
Exclusions | Lease gaming machines / leased equipment / personal items |
Year Built | 1930 |
Property SubType | Other |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
OwnerPays | Water |
Business Type | Restaurant/Bar |
Accessibility | Ramp - Main Level,2+ Access Exits |
County | DELAWARE |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Apartment Building,Restaurant,Bar/Tavern/Lounge |
Water Access Y/N | No |
Property Use | Owner User |
Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station 1 to 3 miles,Commuter Lots less than 5 miles,Commuter Rail Station less than 1 mile |
Status | ACTIVE |
Directions | GPS - MacDade Blvd and Marshall Ave |
ModificationTimestamp | 2024-04-17T15:18:40 |
City | COLLINGDALE |
Buyer Agent Compensation | 2.5 |
Total Units | 2 |
MLS Area | Collingdale Boro (10411) |
Lot Size Square Feet | 0.00 |
Tax Assessed Value | 379520.0 |
Waterfront Y/N | No |
Street Name | MACDADE |
Tax Annual Amount | 16095.0 |
Price Per Sq Ft | 98.72 |
Acceptable Financing | Cash,Other,Private,Negotiable,Bank Portfolio |
Historic Y/N | No |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Virtual Tour | https://www.dropbox.com/s/b6kgdwqz9ufr3dk/Belvedere.mp4?dl=0 |
Days on Market | 202 |
Standard Status | Active |
Year Built Source | Estimated |
Tax Lot | 640-000 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Total Stories | 4 |
Heating Y/N | Yes |
Street Suffix | BOULEVARD |
Central Air Y/N | No |
Exterior Features
Parking Features | Private,Paved Parking |
---|---|
Water Source | Public |
Inclusions | Liquor license / owned business equipment |
Total Parking Spaces | 4 |
Type of Parking | Driveway |
Traffic Count | 20000-29999 |
Water View Y/N | No |
Building Area Total | 7596.00 |
Lot Dimensions | 23.00 x 125.00 |
Lot Size Acres | 0.00 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Other Equipment | Negotiable |
Land Assessed Value | 126000.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool