Seller Financing
Address
134 Bala Avenue Bala Cynwyd, PA
Price
$ 375,000
Property Attributes
  • MLS#PAMC665212
  • TypeBusiness Op
  • CountyMONTGOMERY
  • CityBala Cynwyd
  • AreaLower Merion Twp
  • NeighborhoodBALA
  • Zip19004
  • StyleRestaurant/Bar
  • Year Built1930
  • Taxes24912
  • Price$ 375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Liberty Bell Real Estate Agents LLC
Data Source:
Bright MLS
Property Description

This Rustic Italian Seafood BYOB has the freshest Seafood in the Philadelphia area and great Italian specialties as well. The current owner operates the restaurant Tuesday through Sunday between 5 PM and 10 PM, only serving dinner. The revenues and cash flow this restaurant generates, given it's a BYOB and only open in the evening, is truly amazing. The opportunity for a new owner is incredible. If a new owner added just weekend brunch (there are no restaurants doing brunch in the area) revenues and cash flow could increase dramatically. Currently the owner does no advertising; with advertising, both sit- down diners and app-based delivery (the fastest growing sector of the restaurant business), should see increased revenues and profits. There are also two high end residential developments currently under construction within walking distance that will add over 300 housing units to the area. Take advantage of this owner's desire to move on to a new project. He is willing to finance part of your turnkey purchase. Purchase this restaurant and start making money day one.

Price History
9/26/2020 Listed $500,000
11/16/2020 25% - $375,000

General Features

Acceptable Financing Cash, Bank Portfolio, Seller Financing
Accessibility 36 + wide Halls, Grab Bars Mod
Business Name Pescatore
Business Type Restaurant/Bar
Construction Materials Stone
Cool Fuel Electric
Cooling Central A/C
County MONTGOMERY
Current Use Restaurant
Days on Market 198
Heating Hot Water, Forced Air
MLS Area Lower Merion Twp (10640)
New Construction No
Parking Features Handicap Parking, Lighted Parking, Paved Parking, Private, Surface
Possession 61-90 Days CD
Property SubType Mixed Use
Property Type Business Opportunity
Property Use Investment
Sewer Public Sewer
Subdivision Name BALA
Tax Annual Amount 24912.0
Tax Lot 332
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning C2

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 0.00
Car Parking Spaces 30
Fencing Y/n No
Inclusions All equipment, fixtures, artwork
Lot Dimensions 61.00 x 0.00
Lot Size Acres 0.13
Lot Size Square Feet 5747.00
Navigable Water Y/N No
Total Parking Spaces 30
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19004

Price
AVG $100K
$380K
Taxes
AVG $22,782
$24,912
Visits
AVG 32
89
Year Built
AVG 1941
1930
Walkscore
AVG 59
65
Data Provided by Walkscore ® not using MLS data

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