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La Cocina Mexicana Restaurant 5005 Kutztown Rd 9,160 SF 100% Leased Retail Building Temple, PA 19560 $1,050,000 ($114.63/SF)
EXECUTIVE SUMMARY
Here is a fully equipped restaurant and bar with twelve room rentals that stay consistently occupied at a very high percentage, with usually always a waiting list. Additionally, there is a beauty Salon leasing approximately 854 SF first floor space at $1,200.00 per month. The first floor of this property has a fully operational kitchen and restaurant with a Hotel Liquor License included. The present operating business is not for sale, but one can take advantage of this turn key facility with 40 plus parking spaces, and residual, non restaurant/bar income approaching $100,000.00 per year. Not many opportunities like this come along in a tight real estate market like the one we have right now! Seating for 140 patrons inside and an additional 80 in the outside dining area make for plenty of service area to accommodate a very robust customer demand. With a 20,473 square foot lot located at a lighted intersection of Kutztown Road and Mt. Laurel Rd, this newly painted Muhlenberg fixture offers location, access, visibility and versatility.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,160 SF
Building Class
C
Year Built
1853
Price
$1,050,000
Price Per SF
$114.63
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.47 AC
Zoning
Comm
Parking
51 Spaces (5.57 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 66-5309-08-97-4937 | Improvements Assessment | $104,700 |
| Land Assessment | $73,200 | Total Assessment | $177,900 |
PROPERTY TAXES
Parcel Number
66-5309-08-97-4937
Land Assessment
$73,200
Improvements Assessment
$104,700
Total Assessment
$177,900
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La Cocina Mexicana Restaurant | 5005 Kutztown Rd
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