PA > Collingdale
Collingdale, PA 19023,447-449 MACDADE BLVD
Collingdale, PA 19023,447-449 MACDADE BLVD
Collingdale, PA 19023,447-449 MACDADE BLVD
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$699,900
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7,596 SqFt
Under Contract

447-449 MACDADE BLVD Collingdale, PA 19023

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Gary Pallay

Gary Pallay

+1(908) 698-1053

UPDATED:

10/22/2024 05:58 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Under Contract

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

Bright MLS (BMLS)
Listed by Anthony Joseph Krupincza • CG Realty, LLC

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Gary Pallay

Sales Associate

+1(908) 698-1053

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447-449 MACDADE BLVD