19,824 +/- SF Combined Restaurant/Hotel/ Banquet Facility and Residence
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- Franklin Malone
- 5 years ago
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1 OFFERING SUMMARY Sale Price: $1,450,000 Lot Size: 1.49 Acres Year Built: 1800 Building Size: 19,824 SF Renovated: 1984 Zoning: Commercial PROPERTY OVERVIEW Hotel & Restaurant built in 1800 for sale Completely renovated in 1984 with additions. Complete with a first floor dining room,with a full bar and lounge with seating 80+ patrons at the bar and 100 in the dining room. A full kitchen is on the 1st floor. A small private banquet hall which seats up to 100 people is also on the main level. The second story level serves a large banquet hall with a separate bar area. The larger hall can seat up to 300 people. A 6-room motel adjoins the building for banquet guests and travelers. The sale also includes a separate 3,856 SF 2-story residence, easily converted to a B & B setup. The restaurant has a total of 15,968 SF. LOCATION OVERVIEW Located on the corner of Riverton Road and Martin Creek Belvidere Highway. It is right before the Riverton-Belvidere bridge that crosses the Delaware River into Belvidere, New Jersey. Great location in Northampton County by the river within 1-1/2 hrs to NYC & Philadelphia. Market: Submarket: Northampton County Lower Mt. Bethel Township PROPERTY HIGHLIGHTS 1.49 AC site 3,856 SF Residence/rental property 6-room hotel adjoins restaurant Price / SF: $ ,968 SF Restaurant/Banquet Facility Zoned Commercial Occupancy rate is 600 TACM Commercial Realty Inc 2331 Route 209/Suite 5 Sciota, PA No warranty of representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted. Subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. And any special listing Conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein or any to be implied. EXECUTIVE SUMMARY
2 Property Name: 19,824 +/- SF Combined Restaurant/ Hotel/ Property Address: Property Type: Restaurant/Hotel APN: Lot Size: Building Size: 1.49 AC 19,824 SF Gross Leasable Area: 3,856 SF Zoning: Commercial Taxes: $15, Rail Access: N/A Year Built: 1800 Number of Stories: 2 PROPERTY OVERVIEW Hotel & Restaurant built in 1800 for sale Completely renovated in 1984 with additions. Complete with a first floor dining room,with a full bar and lounge with seating 80+ patrons at the bar and 100 in the dining room. A full kitchen is on the 1st floor. A small private banquet hall which seats up to 100 people is also on the main level. The second story level serves a large banquet hall with a separate bar area. The larger hall can seat up to 300 people. A 6-room motel adjoins the building for banquet guests and travelers. The sale also includes a separate 3,856 SF 2-story residence, easily converted to a B & B setup. The restaurant has a total of 15,968 SF. SALE HIGHLIGHTS 1.49 AC site 3,856 SF Residence/rental property 6-room hotel adjoins restaurant 15,968 SF Restaurant/Banquet Facility Zoned Commercial Occupancy rate is 600 LOCATION OVERVIEW Located on the corner of Riverton Road and Martin Creek Belvidere Highway. It is right before the Riverton-Belvidere bridge that crosses the Delaware River into Belvidere, New Jersey. Great location in Northampton County by the river within 1-1/2 hrs to NYC & Philadelphia. No warranty of representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted. Subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. And any special listing Conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein or any to be implied. PROPERTY DETAILS & HIGHLIGHTS
3 SALE PRICE $1,450,000 LOCATION INFORMATION Building Name 19,824 +/- SF Combined Street Address 9494 Riverton Road City, State, Zip Bangor, PA County/Township Northampton/Lower Mt. Bethel Township Market Northampton County Submarket Lower Mt. Bethel Township Road Type Paved Nearest Highway Route 611 PROPERTY DETAILS Property Type Restaurant/Hotel Property Subtype Other Zoning Commercial Lot Size 1.49 Acres APN# Submarket Lower Mt. Bethel Township Taxes $15, Corner Property BUILDING INFORMATION Building Size 19,824 SF Price / SF $73.14 Year Built 1800 Last Renovated 1984 Number Of Floors 2 Gross Leasable Area 3,856 SF Load Factor Construction Status Existing Condition Excellent Free Standing Number Of Buildings 2 PARKING & TRANSPORTATION Parking Type Parking Description UTILITIES & AMENITIES Handicap Access Structure on-site No warranty of representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted. Subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. And any special listing Conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein or any to be implied. PROPERTY DETAILS
4 Te r r i M i c ke n s, C C I M RETAILER MAP
5 Te r r i M i c ke n s, C C I M ADDITIONAL PHOTOS
6 Te r r i M i c ke n s, C C I M ADDITIONAL PHOTOS
7 POPULATION 1 MILE 3 MILES 5 MILES Total population 5,122 29,343 51,809 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,022 10,438 18,211 # of persons per HH Average HH income $57,570 $65,089 $70,412 Average house value $220,615 $236,545 $245,641 * Demographic data derived from 2010 US Census DEMOGRAPHICS MAP & REPORT
Historic Luxury Boutique Hotel
OFFERING SUMMARY Sale Price: $2,000,000 Cap Rate: 9.84% NOI: $196,747 Lot Size: 1.59 Acres Year Built: 1874 Building Size: 11,000 SF Renovated: 1984 Zoning: Commercial Market: Carbon County Submarket:
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