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Punxsy Phil's Cakes & Steaks 116 Indiana St 4,405 SF Vacant Retail Building Punxsutawney, PA 15767 $1,000,000 ($227.01/SF)



EXECUTIVE SUMMARY
A commercial real estate listing for a well-established family-style restaurant. The restaurant is located in a high-traffic area along SR119 in Punxsutawney Borough, with a large, paved parking lot for about 60 cars and a prominent lighted sign. The building itself was constructed in 1998, has a seating capacity of up to 160, and includes an additional 48 x 30 building currently used for storage. The well-known, nationally recognized name suggests that the restaurant has strong brand recognition.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,405 SF
Building Class
C
Year Built
1998
Price
$1,000,000
Price Per SF
$227.01
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.23 AC
Zoning
Commercial - Zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services.
Parking
24 Spaces (5.45 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
ABOUT 116 INDIANA ST , PUNXSUTAWNEY, PA 15767
Well known income producing Family Style Restaurant with nationally recognized name. This turnkey restaurant was built in 1998. All equipment, inventory and souvenir sales are included with this listing. Large paved parking lot that accommodates approximately 60 cars. Large lighted sign marks the location along SR119 in Punxsutawney Borough. The walk in cooler and freezer were replaced three years ago. Sale includes 48 X 30 building that is currently used for storage of additional restaurant equipment. The restaurant can seat up to 160 customers.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-001-0115 | Improvements Assessment | $172,000 |
| Land Assessment | $37,800 | Total Assessment | $209,800 |
PROPERTY TAXES
Parcel Number
24-001-0115
Land Assessment
$37,800
Improvements Assessment
$172,000
Total Assessment
$209,800
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Punxsy Phil's Cakes & Steaks | 116 Indiana St
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