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60 MAIN, ALBURTIS, 18011

$4,488,000

  • Commercial
  Price Reduced by $10,000
60 MAIN, ALBURTIS, PA for sale.
60 MAIN, ALBURTIS, PA for sale.
Courtesy of Iron Valley Real Estate of Lehigh Valley
Investor Opportunity recently remodeled a Boutique Hotel/restaurant(17 1-2 bedroom units, conversion of 17 additional units underway).Assets: kitchen & contents, liquor and gaming license in growing community minutes off the interstate with pool and schools nearby. The Hotel hosts long term stay corporate cliental from nearby corporate centers. Consisting of multiple land parcels for buildings and parking. The real estate alone was receently appraised for a bank at more than Four Million dollars for the buildings alone. A separate 80 seat room is available to use as a gaming room. A favorite for dining and entertainment venue, the restaurant adds an additional 2.5 M gross to the hotel income and provides an attractive cash flow or lease it to another operator for additional income. The current management and staff have all been in place for over five years and the area continues to grow. Special events continue to grow at this facility. Great long term potential with profitable lodging base, and owner may consider some owner financing. Additional buildings and rental units are available for a qualified investor group.
Last updated on 12/12/2018
Courtesy of Iron Valley Real Estate of Lehigh Valley

More Details for 60 MAIN

Property Class: Commercial
Listing Status: Active
City: ALBURTIS
State: PA
Zip: 18011
Area: Alburtis Boro
Subarea:NONE AVAILABLE
County: LEHIGH-PA
Class: Commercial
Approx Lot Size: 2.740
Lot Area Acre: 2.74
Property Age: 117
Listing#: 7271622
School District: E Penn
Tax Year: 2018
Taxes/Yr: $61,268 /2018

Features for 60 MAIN

Bathrooms: Pub RestRms, Prvt RestRms
Electric Service: CircBreakers
Exterior Amenities: Sign
Hot Water: Electric
Location Types: None
Roof: Rubber, Shingle-Asbestos
Topography: Level
Water: Public
Building Facade Orientation: East
Building Or Business: Commercial, Restaurant, Tavern, FoodServices, Bed Breakfst, Hotel/Motel
Floor: Wood, Vinyl, Laminate
Fuel On Site: Propane
Parking: 101+CarGar, PavedPark, StonePark, Private, PublPark, Handicap Parking, LightPark
Roads: Boro/Township, State
Traffic: Trf5000-9999
Wall Ceilings: SheetRckIntW, WoodIntWll
Building Features: CeilingFans, FireEscape, KitchenFacil, RecreatFacil, Refrigerator, SecurityLgt, SecuritySys, Shelving, Showers, Walk-InBox
Exterior: AlumExt, Wood, BlockExt
Foundation: ConcreteFoun
Location: Corner Lot/Unit
Plumbing: CopperPlumb, MixedPlumb
Sewer Septic: Public Sewer
Utilities: WaterAvail, SewerAvail, ButaneUtil, ElectrcAvail, PhoneUtil, CableTVAvail, AbovGrndUtil
Year In Business: 6 to 10 Year

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