447-449 MACDADE BLVD Active Save Request In-Person Tour Request Virtual Tour
Collingdale,PA 19023
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,596 sqft
Price per Sqft $92
MLS Listing ID PADE2045402
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $2,940
Tax Year 2024
Lot Dimensions 23.00 x 125.00
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.
Location
State PA
County Delaware
Area Collingdale Boro (10411)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Ceiling Fan(s),Wall Unit,Window Unit(s)
Inclusions Liquor license / owned business equipment
Equipment Negotiable
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility Ramp - Main Level,2+ Access Exits
Parking Type Driveway
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southeast Delco
Others
Tax ID 11-00-01563-00 & 11-00-01564-00
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector,Security Gate,Main Entrance Lock
Acceptable Financing Cash,Other,Private,Negotiable,Bank Portfolio
Listing Terms Cash,Other,Private,Negotiable,Bank Portfolio
Financing Cash,Other,Private,Negotiable,Bank Portfolio
Special Listing Condition Standard