Property Attributes
- MLS#PAMC2097878
- TypeCommercial
- CountyMONTGOMERY
- CityRoyersford
- AreaRoyersford Boro
- Zip19468
- StyleApartment Building,Hotel/Motel,Restaurant/Bar
- Year Built1880
- Taxes$ 15878
- Price$ 3,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage17000
- Lot Size0.52 Acres
Data Source:
Bright MLS
Property Description
Unique opportunity to acquire the fee simple interest in 211-215 Main Street, known as the Royersford Hotel, as well as the adjacent property situated at 207-209 Main Street. 211-215 Main Street : The Royersford Hotel consists of (5) one-bedroom apartments, (1) studio, (12) hotel rooms, and a 3,500 square foot restaurant/bar with a built-out kitchen, Hotel (H) Liquor License, and 22 off-street parking spaces. 207-209 Main Street: This is a 7-unit apartment building currently being run with the Hotel. This property consists of (3) one-bedroom apartments, (2) studios, (2) rooms, and a laundry room. Current ownership runs both properties as a hotel with the owner paying all utilities. They have a one-week minimum stay with an estimated average of six-month stay. Some tenants have been there for 10+ years. Both properties operate with nearly no vacancy. Less than half a mile away from the subject property, the Spring City Hotel charges $250 per room per week (with communal bathrooms), and $350 to $375 for studio apartments. Spring City Hotel posts a 95% occupancy rate with a two-week minimum stay at significantly higher rental rates proving the market rents can be increased significantly at The Royersford Hotel. New ownership has numerous options available to rent the rooms/apartments to increase the income of this property whether it be nightly, extended stay, or a hybrid model. In addition, they can operate the restaurant/bar or lease the space and hotel liquor license to a prospective tenant. The properties are located on Main Street, Royersfords highest-traveled road, with an array of restaurants and storefronts. In addition, the properties are situated down the road from The Riverfront at Royersford, the newest mixed-use development in Royersford, featuring 188 apartment units and 10+ retail stores making this one of the largest attractions in town.
Price History | |
---|---|
3/12/2024 | Listed $3,200,000 |
General Features
Sewer | Public Septic,Public Sewer |
---|---|
Heating | Baseboard - Electric |
Cooling | Other |
Possession | Settlement |
Roof | Pitched,Shingle |
Zoning | CB |
Construction Materials | Masonry,Stucco |
Year Built | 1880 |
Property SubType | Mixed Use |
Tax Year | 2024 |
Percent Ownership | Fee Simple |
Cool Fuel | Other |
Business Type | Apartment Building,Hotel/Motel,Restaurant/Bar |
Accessibility | 2+ Access Exits |
County | MONTGOMERY |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Property Use | Investment |
Status | ACTIVE |
Directions | Situated on “Main Street” in Royersford Borough in Highly Sought-After Montgomery County Pennsylvania Property is located west of Route 222 (Pottstown Expressway) |
ModificationTimestamp | 2024-03-12T12:50:48 |
City | ROYERSFORD |
Buyer Agent Compensation | 2 |
Zoning Description | Central Business District Retail/Office/Apartments Bar/Hotel |
MLS Area | Royersford Boro (10619) |
Lot Size Square Feet | 22550.00 |
Tax Assessed Value | 15878.0 |
Waterfront Y/N | No |
Street Name | MAIN |
Tax Annual Amount | 15878.0 |
Price Per Sq Ft | 182.44 |
Vacation Rental Y/N | No |
Days on Market | 50 |
Standard Status | Active |
Year Built Source | Estimated |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Electric |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Street Suffix | STREET |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Type of Parking | On Street,Parking Lot |
Water View Y/N | No |
Building Area Total | 17540.00 |
Lot Size Acres | 0.52 |
Lot Size Units | Square Feet |
Lot Size Source | Estimated |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool