$2,000,000
$2,250,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
7,138 SqFt
SOLD DATE : 12/15/2021
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 7,138 sqft
Price per Sqft $280
MLS Listing ID PALH112350
Sold Date 12/15/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1973
Annual Tax Amount $36,000
Tax Year 2019
Lot Size 110.000 Acres
Acres 110.0
Property Description
CONFIDENTIAL--MULTIPLE REVENUE STREAMS WITH REAL ESTATE: Businesses include restaurant, bar, patio bar, event/wedding/business meeting facilities, and golf course. Opportunity to buy existing businesses and revenue streams with no deferred maintenance and limited upgrade expenses for years to come as everything has been recently upgraded or replaced. Stunning modern facility features a redesigned and expanded banquet room accommodating over 250 guests, a new smaller room for business meetings of up to 30 attendees, a completely remodeled restaurant and sports bar with new restrooms, and an expanded patio bar. The golf course has been upgraded for increased revenue opportunities. Priced at a highly attractive 14% CAP.
Location
State PA
County Lehigh
Area Lower Macungie Twp (12311)
Zoning SUBURBAN
Interior
Hot Water Natural Gas
Heating Forced Air, Heat Pump - Gas BackUp
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 51.0
Waterfront N
Water Access N
Street Surface Black Top
Accessibility Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 51
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District East Penn
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Carrie C Ward • Howard Hanna The Frederick Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "