211 Main St
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211 Main St
17,538 SF 100% Leased Retail Building Royersford, PA 19468 $2,750,000 ($157/SF) 10.94% Cap Rate
Investment Highlights
- 25 Unit Hotel/Apartments
- 25 Car Parking Lot
- 100% Occupancy
- Bob's Bar & Restaurant
- Hotel Liquor License
- Two Adjacent Buildings
Executive Summary
This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2024 income/expenses is 10.22%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please see the attached 2024 income/expense spreadsheet or contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$278,558
|
$15.88
|
| Other Income |
$137,520
|
$7.84
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$416,078
|
$23.72
|
| Taxes |
$12,739
|
$0.73
|
| Operating Expenses |
$122,162
|
$6.97
|
| Total Expenses |
$134,901
|
$7.69
|
| Net Operating Income |
$281,177
|
$16.03
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $278,558 |
| Annual Per SF | $15.88 |
| Other Income | |
|---|---|
| Annual | $137,520 |
| Annual Per SF | $7.84 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $416,078 |
| Annual Per SF | $23.72 |
| Taxes | |
|---|---|
| Annual | $12,739 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | $122,162 |
| Annual Per SF | $6.97 |
| Total Expenses | |
|---|---|
| Annual | $134,901 |
| Annual Per SF | $7.69 |
| Net Operating Income | |
|---|---|
| Annual | $281,177 |
| Annual Per SF | $16.03 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,538 SF
Year Built
1980
Price
$2,750,000
Price Per SF
$157
Cap Rate
10.94%
NOI
$300,955
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.58
Lot Size
0.70 AC
Zoning
Commercial - Bar/Hotel, Retail, Apartments/Rooms Mixed Residential/Commercial
Parking
25 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
118 FT on Main St
Amenities
- Property Manager on Site
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $359,870 | |
| Land Assessment | $54,190 | Annual Taxes | $12,739 ($0.73/SF) |
| Improvements Assessment | $13,700 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$54,190
Improvements Assessment
$13,700
Total Assessment
$359,870
Annual Taxes
$12,739 ($0.73/SF)
Tax Year
2024
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211 Main St
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