Price Reduction
Listed By:
CG Realty, LLC
Address
447-449 Macdade Boulevard, Collingdale, PA
Price
$ 699,900
Property Attributes
  • MLS#PADE2045402
  • TypeCommercial
  • CountyDELAWARE
  • CityCollingdale
  • AreaCollingdale Boro
  • Zip19023
  • StyleRestaurant/Bar
  • Year Built1930
  • Taxes$ 2862
  • Price$ 699,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7596
Data Source:
Bright MLS
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.

Price History
1/18/2024 Listed $749,900
5/25/2024 7% - $699,900

General Features

Sewer Public Sewer
Heating Radiator
Cooling Ceiling Fan(s),Wall Unit,Window Unit(s)
Possession Immediate,Negotiable
Roof Shingle
Zoning COMMERCIAL
Security Features Smoke Detector,Security Gate,Main Entrance Lock
Construction Materials Brick,Stone
Exclusions Lease gaming machines / leased equipment / personal items
Year Built 1930
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
OwnerPays Water
Business Type Restaurant/Bar
Accessibility Ramp - Main Level,2+ Access Exits
County DELAWARE
New Construction No
Property Type Commercial Sale
Possible Use Apartment Building,Restaurant,Bar/Tavern/Lounge
Water Access Y/N No
Property Use Owner User
Transportation Airport less than 10 miles,Bus Stop less than 1 mile,Metro/Subway Station 1 to 3 miles,Commuter Lots less than 5 miles,Commuter Rail Station less than 1 mile
Status ACTIVE
Directions GPS - MacDade Blvd and Marshall Ave
ModificationTimestamp 2024-05-25T17:06:19
City COLLINGDALE
Buyer Agent Compensation 2.5
Total Units 2
MLS Area Collingdale Boro (10411)
Lot Size Square Feet 0.00
Tax Assessed Value 64940.0
Waterfront Y/N No
Street Name MACDADE
Tax Annual Amount 2862.0
Price Per Sq Ft Total 92.14
Acceptable Financing Cash,Other,Private,Negotiable,Bank Portfolio
Historic Y/N No
Lease Considered Y/N No
Vacation Rental Y/N No
Virtual Tour https://www.dropbox.com/s/b6kgdwqz9ufr3dk/Belvedere.mp4?dl=0
Days on Market 227
Standard Status Active
Year Built Source Estimated
Tax Lot 640-000
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Total Stories 4
Heating Y/N Yes
Street Suffix BOULEVARD
Central Air Y/N No

Exterior Features

Parking Features Private,Paved Parking
Water Source Public
Inclusions Liquor license / owned business equipment
Total Parking Spaces 4
Type of Parking Driveway
Traffic Count 20000-29999
Water View Y/N No
Building Area Total 7596.00
Lot Dimensions 23.00 x 125.00
Lot Size Acres 0.00
Lot Size Units Square Feet
Lot Size Source Assessor
Other Equipment Negotiable
Land Assessed Value 63230.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 4

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

Property vs Commercial Average in 19023

Price
AVG $430K
$700K
Taxes
AVG $8,440
$2,862
Visits
AVG 202
373
Data Provided by Inside Real Estate®
Year Built
AVG 1947
1930

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