Cornerstone Pizza - 901 Lincoln Ave | 901 Lincoln Ave
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Cornerstone Pizza - 901 Lincoln Ave 901 Lincoln Ave
2,500 SF Retail Building Prospect Park, PA 19076 £561,050 (£224/SF)
Investment Highlights
- Established and successful business. Retirement Sale
- All FFE included
- Includes rented, second story, two-bedroom apartment
Executive Summary
Retirement Sale! - Established/Successful Pizzeria with 2BR apartment!
This is your opportunity to acquire a long-established, well regarded neighborhood pizza parlor and grill. Business benefits from established goodwill and its proximity to a highly trafficked road, great visibility, established relationships within the community, and attractive population density and demographics.
The reason for the sale is the owners are retiring after 30 successful years. Presently, the pizzeria continues to operate on its standard schedule: 6 days a week until 9/10pm nightly. Business is primarily take-out and delivery.
The purchase also includes an attached, leased, 2-bedroom apartment and all pizza restaurant assets. Restaurant equipment highlights include 3 Blodgett pizza ovens, a large Hobart mixer, spotless hood, 3 fryers, large grill, and Continental refrigerator. Additional equipment includes Berkel slicer, Somerset dough roller, walk-in with Trenton refrigeration, Motak fridge, additional freezer boxes.
Recent upgrades to the property include newer blacktop, roof, electric, subfloor and tile.
Financials may be made available after tour with a signed NDA.
Based on the fact business is currently operating, tours will be scheduled for Mondays.
This is your opportunity to acquire a long-established, well regarded neighborhood pizza parlor and grill. Business benefits from established goodwill and its proximity to a highly trafficked road, great visibility, established relationships within the community, and attractive population density and demographics.
The reason for the sale is the owners are retiring after 30 successful years. Presently, the pizzeria continues to operate on its standard schedule: 6 days a week until 9/10pm nightly. Business is primarily take-out and delivery.
The purchase also includes an attached, leased, 2-bedroom apartment and all pizza restaurant assets. Restaurant equipment highlights include 3 Blodgett pizza ovens, a large Hobart mixer, spotless hood, 3 fryers, large grill, and Continental refrigerator. Additional equipment includes Berkel slicer, Somerset dough roller, walk-in with Trenton refrigeration, Motak fridge, additional freezer boxes.
Recent upgrades to the property include newer blacktop, roof, electric, subfloor and tile.
Financials may be made available after tour with a signed NDA.
Based on the fact business is currently operating, tours will be scheduled for Mondays.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Year Built/Renovated
1900/1994
Price
£561,050
Price Per SF
£224
Number of Floors
2
Building FAR
0.84
Lot Size
0.07 AC
Parking
6 Spaces (2.4 Spaces per 1,000 SF Leased)
About 901 Lincoln Ave , Prospect Park, PA 19076
Two-story brick building
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 33-00-01014-00 | Improvements Assessment | £95,916 |
| Land Assessment | £56,482 | Total Assessment | £152,397 |
PROPERTY TAXES
Parcel Number
33-00-01014-00
Land Assessment
£56,482
Improvements Assessment
£95,916
Total Assessment
£152,397
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Cornerstone Pizza - 901 Lincoln Ave | 901 Lincoln Ave
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