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Punxsy Phil's Cakes & Steaks 116 Indiana St

4,405 SF Retail Building Punxsutawney, PA 15767 £978,063 (£222/SF)

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Executive Summary

A commercial real estate listing for a well-established family-style restaurant. The restaurant is located in a high-traffic area along SR119 in Punxsutawney Borough, with a large paved parking lot for about 60 cars and a prominent lighted sign. The building itself was constructed in 1998, has a seating capacity of up to 160, and includes an additional 48 x 30 building currently used for storage. The well-known, nationally recognized name suggests that the restaurant has strong brand recognition.

Commercial Property Information Sheet

Taxes & Operating Expenses (Actual - 2022)	Annual	Annual Per SF
Taxes	£8,756	£1.99
Operating Expenses	-	-
Total Expenses	£8,756	£1.99

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual	£8,756
Annual Per SF	£1.99

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£8,756
Annual Per SF	£1.99

Property Facts

Sale Type

Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,405 SF

Building Class

Year Built

1998

Price

£978,063

Price Per SF

£222

Tenancy

Multiple

Number of Floors

Building FAR

0.08

Lot Size

1.23 AC

Zoning

Commercial - Zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services.

Parking

24 Spaces

Amenities

Signage

About 116 Indiana St , Punxsutawney, PA 15767

Well known income producing Family Style Restaurant with nationally recognized name. This turnkey restaurant was built in 1998. All equipment, inventory and souvenir sales are included with this listing. Large paved parking lot that accommodates approximately 60 cars. Large lighted sign marks the location along SR119 in Punxsutawney Borough. The walk in cooler and freezer were replaced three years ago. Sale includes 48 X 30 building that is currently used for storage of additional restaurant equipment. The restaurant can seat up to 160 customers.

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PROPERTY TAXES

Parcel Number	24-001-0115	Total Assessment	£164,158 (2024)
Land Assessment	£29,577 (2024)	Annual Taxes	£8,756 (£1.99/sf)
Improvements Assessment	£134,581 (2024)	Tax Year	2022