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Hanger 5 3347 W Ridge Pike 8,846 SF 100% Leased Retail Building Limerick, PA 19468 $1,400,000 ($158.26/SF)
Investment Highlights
- Busy Road/Visibility
- Ample Parking
- 15 Room Rentals in Addition to Restaurant
- Newly Approved for Public Sewer
Executive Summary
- Fully renovated restaurant, bar and hotel located on 2+ acres along the lively Ridge Pike.
-+/- 8,846 sf 2 Story Building
- Turnkey establishment includes a modern, stylish restaurant and bar, offering a welcoming ambiance perfect for dining and socializing.
- State-of-the-art kitchen facilities equipped and contemporary décor.
- Two dining areas, one a quieter dining room and the other a trendy bar area.
- Above hosts the hotel side featuring 15 tastefully designed rooms (Avg. $700-$750 per month).
- H liquor license included in sale.
- Public sewer approved and available soon!
- Seller has multiple properties and may be interested in a package sale.
-+/- 8,846 sf 2 Story Building
- Turnkey establishment includes a modern, stylish restaurant and bar, offering a welcoming ambiance perfect for dining and socializing.
- State-of-the-art kitchen facilities equipped and contemporary décor.
- Two dining areas, one a quieter dining room and the other a trendy bar area.
- Above hosts the hotel side featuring 15 tastefully designed rooms (Avg. $700-$750 per month).
- H liquor license included in sale.
- Public sewer approved and available soon!
- Seller has multiple properties and may be interested in a package sale.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$186,000
|
$21.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$186,000
|
$21.03
|
| Taxes |
$15,217
|
$1.72
|
| Operating Expenses |
$54,800
|
$6.19
|
| Total Expenses |
$70,017
|
$7.92
|
| Net Operating Income |
$115,983
|
$13.11
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $186,000 |
| Annual Per SF | $21.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $186,000 |
| Annual Per SF | $21.03 |
| Taxes | |
|---|---|
| Annual | $15,217 |
| Annual Per SF | $1.72 |
| Operating Expenses | |
|---|---|
| Annual | $54,800 |
| Annual Per SF | $6.19 |
| Total Expenses | |
|---|---|
| Annual | $70,017 |
| Annual Per SF | $7.92 |
| Net Operating Income | |
|---|---|
| Annual | $115,983 |
| Annual Per SF | $13.11 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,846 SF
Building Class
C
Year Built
1940
Price
$1,400,000
Price Per SF
$158.26
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
2.03 AC
Zoning
MS Limerick Twp - MS Main Street District
Parking
60 Spaces (6.78 Spaces per 1,000 SF Leased)
Frontage
298’ on Ridge Pike
Amenities
- Restaurant
- Security System
- Signage
- Storage Space
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 37-00-03736-007 | Total Assessment | $373,120 |
| Land Assessment | $209,880 | Annual Taxes | $15,217 ($1.72/SF) |
| Improvements Assessment | $163,240 | Tax Year | 2025 |
Property Taxes
Parcel Number
37-00-03736-007
Land Assessment
$209,880
Improvements Assessment
$163,240
Total Assessment
$373,120
Annual Taxes
$15,217 ($1.72/SF)
Tax Year
2025
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Hanger 5 | 3347 W Ridge Pike
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