Property Listing No Longer Available for Sale

3790 Forest Inn Rd, Palmerton, PA

Retail for Sale - $1,000,000 - 2,930 Sq. Ft. on 0.5 acres


Property Info

CIMLS#1065231
Location
  3790 Forest Inn Rd
  Palmerton PA 18071
UpdatedJuly 13th, 2020
TypeRetail
Price$1,000,000
Building2,930 Sq. Ft.
Land0.5 acres

Property Description

$715K GROSS, $163K NET, 16.3% CAP @ 1MM asking. Cash-flowing, turn-key, restaurant/bar plus single-family rental with scenic stream and plenty of parking in front/rear. This offering includes a $60K liquor license, two real estate parcels, the business enterprise, & all FF&E. With almost 2K confirmed Penndot daily traffic count and located at a 4-way traffic intersection, the buyer will inherit a successful hands-on/profitable ownership forged over a 15-year history. All efficient infrastructures in place including nitrous taps, updated POS, fully integrated tv and sound system, personalized tv's in booths, custom tongue and groove woodwork throughout & brand new outdoor sports/music bar and deck. The restaurant is profitable, inclusive of paying rents & wages to ownership. Financials are available & the business shows strong cash flow to cover the asking price debt service making this venture very bankable. Blue MNTN Ski Resort is 7 miles away - 300k/yr. Includes house next door.


Financials



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