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Listed by Sherry Chen • BHHS Fox & Roach Wayne-Devon
$695,000
Est. payment /mo
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PASK2029986
Year Built 1910
Annual Tax Amount $1,981
Tax Year 2026
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The well-known Lee Building is offered for sale together with an established restaurant and liquor license, providing multiple potential revenue streams for an investor or owner-operator.
This four-story property features:
- First floor: An operating restaurant with seating for approximately 38 guests.
- Second floor: Restaurant office and storage space, plus a one-bedroom, two-bathroom apartment.
- Third floor: Space previously used for a massage/spa business.
- Fourth floor: Vacant space offering opportunities for future improvements.
The third and fourth floors offer potential for additional commercial space or residential conversion, subject to zoning, permits, and required renovations.
CAP rate is around 8%. Seller has a recent appraisal supporting the asking price. Financial information and appraisal documentation are available for qualified buyers to review.
An opportunity to acquire an established business, a liquor license, and real estate with existing income sources and room for future growth.
This four-story property features:
- First floor: An operating restaurant with seating for approximately 38 guests.
- Second floor: Restaurant office and storage space, plus a one-bedroom, two-bathroom apartment.
- Third floor: Space previously used for a massage/spa business.
- Fourth floor: Vacant space offering opportunities for future improvements.
The third and fourth floors offer potential for additional commercial space or residential conversion, subject to zoning, permits, and required renovations.
CAP rate is around 8%. Seller has a recent appraisal supporting the asking price. Financial information and appraisal documentation are available for qualified buyers to review.
An opportunity to acquire an established business, a liquor license, and real estate with existing income sources and room for future growth.
Location
State PA
County Schuylkill
Area Pottsville (13368)
Zoning C-1
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Central A/C
Inclusions Include all restaurants equipment
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pottsville Area
Others
Tax ID 68-27-0348
Ownership Fee Simple
Special Listing Condition Standard
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