211 Main St
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211 Main St
17,538 SF 100% Leased Retail Building Royersford, PA 19468 £2,151,738 (£123/SF) 10.94% Net Initial Yield
Investment Highlights
- 25 Unit Hotel/Apartments
- 25 Car Parking Lot
- 100% Occupancy
- Bob's Bar & Restaurant
- Hotel Liquor License
- Two Adjacent Buildings
Executive Summary
This is a rare and unique opportunity to acquire the profitable Royersford Hotel! The purchase includes two adjacent buildings consisting of 17,538 sq. ft. which includes 25 rooms and 1 bedroom apartments plus a recently updated bar/restaurant with hotel liquor license. The CAP rate for 2024 income/expenses is 10.22%! Current ownership runs both properties as a hotel with a minimum stay of 1 week for tenants. Vacancies for the 25 units is rare and some tenants have been there for many years. 209 Main St is a 7 unit building with (3) one bedroom apartments, (2) studios, (2) hotel rooms and a laundry room which services both buildings. 211 Main St has (5) one bedrooms apartments, (12) hotel rooms and(1) studio. The first floor is a 3,500 sq. ft. bar, restaurant & fully equipped commercial kitchen with front & rear entrances. The new owner can manage the business themselves, in conjunction with a partner or lease the bar & restaurant to a new tenant. The growth opportunities for the bar & restaurant are significant. The commercial kitchen is a valuable asset to this business and meets all safety & hygiene standards with high end cooking equipment, exhaust system, fire suppression and fridge/freezer storage. New & used cooking oil is stored in basement cylinders for easy access & clean up. The video and images of the property speak for themselves. Average daily traffic count 15,000-20,000. Please see the attached 2024 income/expense spreadsheet or contact the list agent for financial information and to schedule an appointment. This is a must see investment opportunity!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£217,958
|
£12.43
|
| Other Income |
£107,603
|
£6.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£325,560
|
£18.56
|
| Taxes |
£9,968
|
£0.57
|
| Operating Expenses |
£95,586
|
£5.45
|
| Total Expenses |
£105,553
|
£6.02
|
| Net Operating Income |
£220,007
|
£12.54
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £217,958 |
| Annual Per SF | £12.43 |
| Other Income | |
|---|---|
| Annual | £107,603 |
| Annual Per SF | £6.14 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £325,560 |
| Annual Per SF | £18.56 |
| Taxes | |
|---|---|
| Annual | £9,968 |
| Annual Per SF | £0.57 |
| Operating Expenses | |
|---|---|
| Annual | £95,586 |
| Annual Per SF | £5.45 |
| Total Expenses | |
|---|---|
| Annual | £105,553 |
| Annual Per SF | £6.02 |
| Net Operating Income | |
|---|---|
| Annual | £220,007 |
| Annual Per SF | £12.54 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,538 SF
Year Built
1980
Price
£2,151,738
Price Per SF
£123
Net Initial Yield
10.94%
NOI
£235,482
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.58
Lot Size
0.70 AC
Zoning
Commercial - Bar/Hotel, Retail, Apartments/Rooms Mixed Residential/Commercial
Parking
25 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
118 ft on Main St
Amenities
- Property Manager on Site
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £281,580 | |
| Land Assessment | £42,401 | Annual Taxes | £9,968 (£0.57/sf) |
| Improvements Assessment | £10,720 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£42,401
Improvements Assessment
£10,720
Total Assessment
£281,580
Annual Taxes
£9,968 (£0.57/sf)
Tax Year
2024
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211 Main St
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