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447-449 Macdade Boulevard

COLLINGDALE, PA 19023
  • $749,900
  • STATUS: Active
  • ON SITE: 309 Days
  • ID#: PADE2045402
UPDATED: 38 min ago
$749,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:

Description

BACK ON MARKET, BUYER FINANCING FELL THROUGH. Excellent opportunity to own this mixed-property with a lounge/bar with over 4,000 square feet of interior space and multiple apartments on top, plus a garage in the back. Parking in the driveway on the side of the building combine for a total of roughly 2-3 parking spots. This investment property currently features 3 apartments with the possibility to create 6-7 units or to bring the lounge/bar back to its glory days and have 4 units upstairs. The exterior of the property features large signage right on MacDade Blvd. Great location in the heart of Collingdale situated right on the corner of MacDade Blvd and Marshall Avenue. The large bar/restaurant/tavern has multiple entrances and is fully equipped a pool table, a dance floors, TVs, tons of seating, restrooms and the possibility to bring the kitchen back to full functionality. The main floor and bar seats 40-50 people comfortably. Traffic count is 25,000 plus. Possibility at this location to bring the bar back to it's glory days...restaurant/bar with multiple apartments upstairs. Don't miss out on your chance to own this amazing opportunity!Rents are currently below Market Rate! There is a ton of potential to bring this to a 9% cap rate. Please verify square footage, as public record was used for square footage information.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T23:51:32.987.
www.locomusings.com/homes/138860944
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447-449 Macdade Boulevard COLLINGDALE, PA 19023

  • Price: $749,900
  • Status: Active
  • On Site: 309 Days
  • Updated: 38 min ago
  • ID#: PADE2045402
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1930
Built
Neighborhood:
Collingdale Boro (10411)
County:
Delaware
Area:
Collingdale Boro (10411)
School District:
Southeast Delco
Property Description
BACK ON MARKET, BUYER FINANCING FELL THROUGH. Excellent opportunity to own this mixed-property with a lounge/bar with over 4,000 square feet of interior space and multiple apartments on top, plus a garage in the back. Parking in the driveway on the side of the building combine for a total of roughly 2-3 parking spots. This investment property currently features 3 apartments with the possibility to create 6-7 units or to bring the lounge/bar back to its glory days and have 4 units upstairs. The exterior of the property features large signage right on MacDade Blvd. Great location in the heart of Collingdale situated right on the corner of MacDade Blvd and Marshall Avenue. The large bar/restaurant/tavern has multiple entrances and is fully equipped a pool table, a dance floors, TVs, tons of seating, restrooms and the possibility to bring the kitchen back to full functionality. The main floor and bar seats 40-50 people comfortably. Traffic count is 25,000 plus. Possibility at this location to bring the bar back to it's glory days...restaurant/bar with multiple apartments upstairs. Don't miss out on your chance to own this amazing opportunity!Rents are currently below Market Rate! There is a ton of potential to bring this to a 9% cap rate. Please verify square footage, as public record was used for square footage information.
Exterior Features

Construction Materials BrickStone Garage YN No Other Equipment Negotiable Parking Features PrivatePaved Parking Parking Types Driveway Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7596.00 Cooling Ceiling Fan(s)Wall UnitWindow Unit(s) Exclusions Lease gaming machines / leased equipment / personal items Heating Radiator Heating YN Yes Inclusions Liquor license / owned business equipment Net Square Feet 7596.00 Security Features Smoke DetectorSecurity GateMain Entrance Lock

Property Features

Acceptable Financing CashOtherPrivateNegotiableBank Portfolio Accessibility Features Ramp - Main Level2+ Access Exits Assessment Year 2023 Business Type Restaurant/Bar Central Air YN No Cooling Fuel None Cross Street Marshall Ave Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Municipality COLLINGDALE BORO Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 802296564086 Owner Pays Water Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 16095.00 Tax Assessment Amount 379520.00 Tax Lot 640-000 Transportation Airport less than 10 milesBus Stop less than 1 mileMetro/Subway Station 1 to 3 milesCommuter Lots less than 5 milesCommuter Rail Station less than 1 mile Vacation Rental YN No Water Source Public Year Built Effective 2000 Zoning COMMERCIAL

Listing courtesy of CG Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T23:51:32.987.
 
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