Ottsville Inn: Restaurant & Bar w/ Apartments 245 Durham Rd
3,700 SF 100% Leased Retail Building Ottsville, PA 18942 $875,000 ($236/SF)
INVESTMENT HIGHLIGHTS
- Restaurant and Full Service Bar H Liquor License
- Residential Rental Income from Apartments
EXECUTIVE SUMMARY
Welcome to the Ottsville Inn! This charming and iconic establishment dates back to the early 1800’s and has been operating as an inn or bar/restaurant for the past 90+ years. Family-owned and operated by the current owners since 2006. This warm and inviting atmosphere provides a lovely dining room, a full-service ba with high top seating and outdoor dining on the covered front porch. The spacious parking lot provides approximately 33 parking spaces. There are two restrooms for patrons, a spacious kitchen and prep areas. The lower level provides a tremendous amount of storage. The 2nd and 3rd floors of the building include an office, additional storage and income producing residential rentals of approximately $38,000/annually. Low annual property taxes of $5,207. Great location! Located north of Doylestown, just a few minutes from Route 611 / Easton Rd. and nearby Routes 413, 113 and 563. This location attracts regular patrons from every direction, including NJ. As well as many visitors who are enjoying nearby Lake Nockamixon and Nockamixon State Park and the many other attractions that make beautiful Bucks County a desirable place to visit. Backup Generator powers the basement, 1st and 2nd floors. H Liquor License. All FFE included with the exception of the coffee machines, soda machines and juke box. Various uses permitted under VC zoning. This is a great opportunity for the next owner.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | - | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,700 SF
Building Class
C
Year Built/Renovated
1803/2008
Price
$875,000
Price Per SF
$236
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.21
Lot Size
0.41 AC
Zoning
44VC - Village Center
Parking
33 Spaces (8.92 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 44-004-005 | Total Assessment | $34,000 |
Land Assessment | $4,760 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $29,240 | Tax Year | 2024 |