John Henry's Pub | 98 Cricket Ave
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John Henry's Pub 98 Cricket Ave
4,632 SF 100% Leased Retail Building Ardmore, PA 19003 $1,700,000 ($367/SF) 8.15% Cap Rate
Investment Highlights
- Included in Sale: Real Estate, Business(s), "R" License
- Turn-key operation with fixtures and equipment
- Public parking for 60+ cars
- Surrounded by new residential developments
- Rental Income: Two 2-bedroom apartments; fully rented
Executive Summary
KW Commercial is pleased to offer John Henry's Pub, an established and thriving bar and restaurant strategically located in the bustling center of Ardmore, Lower Merion Township, a rapidly developing area with significant new residential growth.
This turnkey investment opportunity offers an inviting atmosphere with over 100 indoor seats and an outdoor patio accommodating 24. The bar is fully equipped with 16 rotating taps, while the expansive kitchen is outfitted with top-tier facilities, including a 15-ft hood, ansul system, multiple fryers, ovens, and extensive refrigeration. The property also benefits from convenient access to public parking, with over 60 spaces available nearby.
Additionally, the second floor features two 2-bedroom residential apartments, each generating steady rental income. The sale includes a coveted PLCB "R" liquor license, as well as all fixtures, furniture, and equipment (FF&E), ensuring a seamless transition for the new owner.
Priced at $1.7M, this outstanding opportunity encompasses the real estate, business, liquor license, and all associated assets.
This turnkey investment opportunity offers an inviting atmosphere with over 100 indoor seats and an outdoor patio accommodating 24. The bar is fully equipped with 16 rotating taps, while the expansive kitchen is outfitted with top-tier facilities, including a 15-ft hood, ansul system, multiple fryers, ovens, and extensive refrigeration. The property also benefits from convenient access to public parking, with over 60 spaces available nearby.
Additionally, the second floor features two 2-bedroom residential apartments, each generating steady rental income. The sale includes a coveted PLCB "R" liquor license, as well as all fixtures, furniture, and equipment (FF&E), ensuring a seamless transition for the new owner.
Priced at $1.7M, this outstanding opportunity encompasses the real estate, business, liquor license, and all associated assets.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$136,000
|
$29.36
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $136,000 |
| Annual Per SF | $29.36 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,632 SF
Building Class
C
Year Built
1930
Price
$1,700,000
Price Per SF
$367
Cap Rate
8.15%
NOI
$138,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.08 AC
Zoning
VC - The Village Center (VC) zoning district is intended to preserve and enhance small commercial areas that serve as neighborhood or village centers.
Frontage
40 FT on Cricket Avenue
Amenities
- Restaurant
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 40-00-13640-009 | Improvements Assessment | $226,090 |
| Land Assessment | $80,140 | Total Assessment | $306,230 |
PROPERTY TAXES
Parcel Number
40-00-13640-009
Land Assessment
$80,140
Improvements Assessment
$226,090
Total Assessment
$306,230
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John Henry's Pub | 98 Cricket Ave
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