653 Downingtown Pike

WEST CHESTER, PA 19380
  • $695,000
  • STATUS: Active Under Contract
  • ON SITE: 215 days
  • ID#: PACT475568
Under Contract
UPDATED: 18 min ago
$695,000
  • 0
    BEDS
  • 1.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,590
    SQFT
  • $268
    $/SQFT
Type:
Business Opportunity
Built:
1960
County:

School Ratings & Info

School District:

Description

Turnkey business/investment/real estate owned opportunity on 1.2 acres with brand new equipment fully remodeled and renovated with 26 parking spaces and seating for 40. New fixtures, furniture and equipment. Restaurant on track to gross $720,000 annually with only breakfast and lunch being served. Financial information from the operation is available to qualified Buyers. Restaurant potential is amazing to increase size, add outdoor dining, property even has a meandering creek in the rear of the property for additional ambiance.The two neighboring shell condition residences at 657 and 659 Downingtown Pike can be added in to the purchase for a price of $950,000. Rehab the residences and have additional income producing rental properties.Appointments confirmed with Listing Agent. This won't last.

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©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-20T16:54:25.013.
www.teamsordelet.com/homes/93836968

653 Downingtown Pike WEST CHESTER, PA 19380

  • Price: $695,000
  • Status: Active Under Contract
  • Updated: 18 min ago
  • ID#: PACT475568
0
Beds
0
Baths
0
½ Baths
1.2
Acres
2,590
SQFT
$268
$/SQFT
1960
Built
Neighborhood:
East Bradford Twp (10351)
County:
Chester
Area:
East Bradford Twp (10351)
School District:
West Chester Area
Property Description
Turnkey business/investment/real estate owned opportunity on 1.2 acres with brand new equipment fully remodeled and renovated with 26 parking spaces and seating for 40. New fixtures, furniture and equipment. Restaurant on track to gross $720,000 annually with only breakfast and lunch being served. Financial information from the operation is available to qualified Buyers. Restaurant potential is amazing to increase size, add outdoor dining, property even has a meandering creek in the rear of the property for additional ambiance.The two neighboring shell condition residences at 657 and 659 Downingtown Pike can be added in to the purchase for a price of $950,000. Rehab the residences and have additional income producing rental properties.Appointments confirmed with Listing Agent. This won't last.
Exterior Features

Construction Materials Advanced Framing Garage YN No Other Structures Above GradeBelow Grade Parking Features Asphalt Driveway Parking Types Parking Lot Property Condition Average+Restored Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Waterfront YN No

Interior Features

Building Area Total 1608.00 Building Features BasementKitchenOven/Range(S)Private RestroomsPublic RestroomsShelvingWalk-In Box Cooling Central A/C Flooring Ceramic TileHardwoodTerrazzoTile/BrickWood Heating Central Heating YN Yes Inclusions Full Restaurant/Bakery Equipment

Property Features

Acceptable Financing CashConventional Accessibility Features Level Entry - Main Assessment Year 2019 Association YN No Business Name Bakery & Cafe Business Type OtherRestaurant/Bar Central Air YN Yes Current Use RestaurantRetail Electric 220 Volts Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name East Bradford Twp Navigable Water YN N New Construction YN No Original MLSNumber 301638659876 Owner Pays All UtilitiesCable TvElectricityTaxes - Personal Property Ownership Interest Other Possession 0-30 Days Cd31-60 Days Cd61-90 Days Cd Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 5098.0 Tax Assessment Amount 191340.0 Tax Lot 0067 Utilities Under Ground Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning C2

Listing courtesy of Re/Max Main Line-West Chester.
©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-20T16:54:25.013.
 
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