Property Attributes
- MLS#PADE2045652
- TypeMulti-Family
- CountyDELAWARE
- CityCollingdale
- AreaCollingdale Boro
- Zip19023
- Style
- Year Built1930
- Taxes$ 13868
- Price$ 449,900
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Bright MLS
Property Description
BACK ON THE MARKET, AS BUYER FINANCING FELL THROUGH. Price for two buildings without the liquor license to $499,900! 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 and a two car garage out back. 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! Property is now unoccupied and rents can be increased! 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.
Price History | |
---|---|
4/27/2023 | Listed $749,900 |
5/24/2023 | 34% - $499,900 |
4/15/2024 | 11% - $449,900 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Radiator |
Cooling | Ceiling Fan(s),Attic Fan,Window Unit(s),Wall Unit |
Possession | 0-30 Days CD,Immediate,Negotiable |
Roof | Shingle |
Exterior Features | Awning(s),Secure Storage |
Zoning | COMMERCIAL |
Garage Spaces | 2.00 |
Pool Y/N | No Pool |
Architectural Style | Other |
Construction Materials | Concrete |
Exclusions | Lease gaming machines / leased equipment / personal items. Adjusted price of $499,900 as a Multi-Family,reflects the sellers agreement to sell the building without the liquor license for the right o |
Year Built | 1930 |
View | Street |
Property SubType | Other |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Accessibility | None |
County | DELAWARE |
New Construction | No |
Property Type | Multi-Family |
Garage Y/N | Yes |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station 1 to 3 miles,Commuter Rail Station less than 1 mile |
Status | ACTIVE |
Directions | GPS - Corner of MacDade and Marshall Ave in Collingdale |
ModificationTimestamp | 2024-04-17T13:23:33 |
City | COLLINGDALE |
Buyer Agent Compensation | 2.5 |
Zoning Description | Commercial - Restaurant/Bar with 3 units upstairs |
Total Units | 1 |
MLS Area | Collingdale Boro (10411) |
Lot Size Square Feet | 0.00 |
Tax Assessed Value | 314580.0 |
Waterfront Y/N | No |
Number of Units Leased | 2 |
Street Name | MACDADE |
Tax Annual Amount | 13868.0 |
Home Warranty Y/N | No |
Two Bedroom | 1 |
Structure Type | Over Storefront |
One Bedroom Units Count | 2 |
NumberOfUnitsVacant | 1 |
Other Units | Unit 4 |
Acceptable Financing | Cash,Bank Portfolio,Conventional |
Historic Y/N | No |
Rent Control Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 207 |
Location Type | Suburban |
Lease Type | Owner Occupied,Month to Month |
Standard Status | Active |
Year Built Source | Estimated |
Tax Lot | 639-000 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | BOULEVARD |
Central Air Y/N | No |
LivingAreaSource | Assessor |
Exterior Features
Parking Features | Concrete Driveway |
---|---|
Water Source | Public |
Total Parking Spaces | 5 |
Garage Features | Additional Storage Area,Garage - Side Entry |
Type of Parking | Driveway,Attached Garage,On Street,Off Street |
Foundation Details | Concrete Perimeter,Block |
Water View Y/N | No |
Lot Dimensions | 20.00 x 125.00 |
Lot Size Acres | 0.00 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Road Responsibility | Public,Boro/Township |
Land Assessed Value | 62770.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
# of Attached Garage Spaces | 2 |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool