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2688 E High Street

POTTSTOWN, PA 19464
  • $3,600,000
  • STATUS: Active
  • ON SITE: 163 Days
  • ID#: PAMC2030074
UPDATED: 51 min ago
$3,600,000
  • 0
    BEDS
  • 0.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Family owned and operated since 1948, Cutillo+GGs Restaurant at The Sanatoga Inn is a well known property in the Pottstown community. The building consists of a 15,000 SF turn-key restaurant with liquor license, 3 banquet rooms, large bar, dining area, big kitchen, fridge & freezer walk-ins, storage area and several offices which could be converted to living quarters. There's a patio for outdoor dining overlooking the Sanatoga Creek. The restaurant is also available for lease.Additionally, there+GGs 24 apartments with a mix of studio & 1 bedrooms, as well as 6 private rooms. All 30 units are fully occupied with a strong rental history. Gross income is over $300k/year. There's 130+ parking spaces. Average daily traffic counts are approx 17,000 VPD, providing great visibility and prominent signage. Located in Lower Pottsgrove Twp with quick access to Routes 422 and 100. Owner financing is available. Call for more info.

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©2022 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 accurate by the MLS or The Dailey Group | Keller Williams Gateway. 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: 2022-08-15T23:00:24.747.
www.thedaileygroup.com/homes/126385997
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2688 E High Street POTTSTOWN, PA 19464

  • Price: $3,600,000
  • Status: Active
  • On Site: 163 Days
  • Updated: 51 min ago
  • ID#: PAMC2030074
0
Beds
0
Baths
0
½ Baths
0.93
Acres
1900
Built
Neighborhood:
Lower Pottsgrove Twp (10642)
County:
Montgomery
Area:
Lower Pottsgrove Twp (10642)
School District:
Pottsgrove
Property Description
Family owned and operated since 1948, Cutillo+GGs Restaurant at The Sanatoga Inn is a well known property in the Pottstown community. The building consists of a 15,000 SF turn-key restaurant with liquor license, 3 banquet rooms, large bar, dining area, big kitchen, fridge & freezer walk-ins, storage area and several offices which could be converted to living quarters. There's a patio for outdoor dining overlooking the Sanatoga Creek. The restaurant is also available for lease.Additionally, there+GGs 24 apartments with a mix of studio & 1 bedrooms, as well as 6 private rooms. All 30 units are fully occupied with a strong rental history. Gross income is over $300k/year. There's 130+ parking spaces. Average daily traffic counts are approx 17,000 VPD, providing great visibility and prominent signage. Located in Lower Pottsgrove Twp with quick access to Routes 422 and 100. Owner financing is available. Call for more info.
Exterior Features

Construction Materials Masonry Garage YN No Parking Features Paved Parking Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Other Heating Forced Air Heating YN Yes Inclusions Restaurant BusinessFf&E And Liquor License Net Square Feet 27361.00

Property Features

Acceptable Financing CashConventionalSeller Financing Accessibility Features Other Assessment Year 2022 Business Type Apartment BuildingRestaurant/BarBanquet Facility/LodgeHotel/Motel Central Air YN No Cooling Fuel Natural Gas Gross Income 301200.00 Heating Fuel Natural Gas Hot Water Other Lease Considered YN Yes Municipality Lower Pottsgrove Twp Navigable Water YN N Net Operating Income 165126.00 New Construction YN No Number Of Units Total 31 Original MLSNumber 801380309422 Other Expense 136074.00 Owner Pays All Utilities Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 54149.00 Tax Assessment Amount 1154230.00 Tax Lot 084 Utilities Sewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning Lc Zoning Description Limited Commercial

Listing courtesy of Continental Realty Co., Inc..


©2022 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 accurate by the MLS or The Dailey Group | Keller Williams Gateway. 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: 2022-08-15T23:00:24.747.
 
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Baltimore MD, 21236