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447-449 Macdade Boulevard

COLLINGDALE, PA 19023
  • $399,900
  • STATUS: Active
  • ON SITE: 423 Days
  • MLS #: PADE2045652
$399,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

School District:

Description

BACK ON THE MARKET, AS BUYER FINANCING FELL THROUGH. Price for two buildings without the liquor license to $499,900! 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 and a two car garage out back. 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! Property is now unoccupied and rents can be increased! 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.

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www.chesapeakebayproperties.com/homes/138931300
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447-449 Macdade Boulevard COLLINGDALE, PA 19023

  • Price: $399,900
  • Status: Active
  • On Site: 423 Days
  • MLS #: PADE2045652
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1930
Built
Neighborhood:
Collingdale Boro (10411)
County:
Delaware
Area:
Collingdale Boro (10411)
School District:
Southeast Delco
Property Description
BACK ON THE MARKET, AS BUYER FINANCING FELL THROUGH. Price for two buildings without the liquor license to $499,900! 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 and a two car garage out back. 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! Property is now unoccupied and rents can be increased! 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.
Exterior Features

Architectural Style Other Construction Materials Concrete Exterior Features Awning(s)Secure Storage Garage Spaces 2.00 Garage Type Additional Storage AreaGarage - Side Entry Garage YN Yes Location Type Suburban Parking Features Concrete Driveway Parking Types DrivewayAttached GarageOn StreetOff Street Pool No Pool Road Responsibility PublicBoro/Township Roof Shingle View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ceiling Fan(s)Attic FanWindow Unit(s)Wall Unit Exclusions Lease gaming machines / leased equipment / personal items. Adjusted price of $499900 as a Multi-Familyreflects the sellers agreement to sell the building without the liquor license for the right offer. Fireplace YN No Heating Radiator Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Acceptable Financing CashBank PortfolioConventional Accessibility Features None Central Air YN No Cooling Fuel None Cross Street Marshall Ave Existing Lease Type Owner OccupiedMonth to Month Foundation Details Concrete PerimeterBlock Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality COLLINGDALE BORO Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 1 Number Of Units Vacant 1 Original MLSNumber 802303818746 Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Over Storefront Tax Annual Amount 14245.00 Tax Lot 639-000 Transportation Airport less than 10 milesBus Stop less than 1 mileMetro/Subway Station 1 to 3 milesCommuter Rail Station less than 1 mile Vacation Rental YN No Water Source Public Zoning COMMERCIAL Zoning Description Commercial - Restaurant/Bar with 3 units upstairs

 
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