Sold on 12/21/2017
  • -- Beds
  • -- Baths
  • 4435 sqft
  • Commercial
  • Closed

Property Description for 103 SPRING MILL AVE, CONSHOHOCKEN PA 19428

Popular Conshohocken restaurant for sale, operating as Ted's Place Pizzeria Restaurant. Turnkey operation w/ significant expansion upside. Listed price includes the business, 10 car private parking lot, great storage & FF&E. Large 4 bedroom home is attached to the business & included in pricing. The entire structure (house & business) is approx 4,435 sq ft. This is a well-positioned, corner property w/ great exposure located at the center of the active business district. New owner can easily add updated signage to further increase visibility to Fayette St. In addition to numerous office buildings, apt. & condo complexes that are steps away, plans for 2 office towers w/ over 400,000 sq ft of office space & a 10-story luxury hotel were just approved to be built 1 block away! The building comes w/ sought after private parking AND is located across the street from the Municipal parking garage, providing public parking to support customers. New business owners could easily increase revenues exponentially Current business operates at very limited hours, has never offered delivery service or catering & NEVER leveraged marketing/advertisements. Never had a website. Today, sales are 100% word of mouth, loyal customers & positive online reviews. Current owners/operators have successfully maintained the business by just providing good food & service for 30 years, and are looking towards retirement. Opportunities to drive significantly more revenue and low upfront investment. Simply adding delivery, catering & basic marketing/advertising will increase revenues exponentially & allow new owners to access a whole segment of customers that current owners elect not to support. New owners can continue as a pizza shop, start brand-new restaurant or operate another form of retail. The possibilities are endless! There are tons of opportunities to leverage the additional residential space that comes with the restaurant. Purchaser can move in, rent out the home as is, create separate apartments for multi-unit rental income, or potential to expand the existing restaurant into the residence. Located in Conshohocken's Enterprise Zone there is potential funding via Conshohocken's Development Corp. In walking distance to public transportation (including train and bus routes), shops, businesses & easy access to all major highways. Restaurant includes an eat-in dining area, large fully operational and well-maintained kitchen & walk-in freezer. Unfinished basement for storage.

  • Property Class: Commercial
  • Listing Status: Closed
  • State: PA
  • Zip: 19428
  • Area: Conshohocken Boro
  • Class: Commercial
  • Approx Lot Size: 0.180
  • Baths (F/H): -- / --
  • Living Area (SqFt): 4435 sqft
  • Lot Sq Ft Apx: 7650.00
  • Year Built: 1926
  • Listing#: 6955880
  • School District: Colonial - Mont Co
  • Tax Year: 2018
  • Close Date: 2/27/2018
  • List Date: 3/31/2017
  • Last updated on: 6/24/2018

Property Features for 103 SPRING MILL AVE, CONSHOHOCKEN PA 19428

  • Building Or Business: Restaurant
  • Property Age: 92
  • Exterior Amenities: Pubtrans, Sign
  • Roads: Boro/Township, Us Hwy/Interstate

Additional Information for 103 SPRING MILL AVE, CONSHOHOCKEN PA 19428

  • School District: Colonial - Mont Co
  • Interior Square Feet Source: S
  • Land Only: False
  • Land Use Code: 4282
  • Lot Dimensions: 111
  • Lot Number: 032
  • Ownership: 50001423056
  • Property Option: Sale
  • Total Assessment: 179230.00
  • Water Front: False
  • Total Taxes: $5,153
  • Listing Area: Conshohocken Boro
  • Subdivision: Conshohocken
  • Year In Business: 10+ Years
  • Listing ID: 6955880
Courtesy of Keller Williams Main Line Realty
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