$3,200,000
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207-215 Main Street Royersford, PA 19468 Municipality: Royersford Boro
General Commercial
Residence
Beds
Baths
...
Bed/Bath
17,000
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Unique opportunity to acquire the fee simple interest in 211-215 Main Street, known as the Royersford Hotel, as well as the adjacent property situated at 207-209 Main Street. 211-215 Main Street : The Royersford Hotel consists of (5) one-bedroom apartments, (1) studio, (12) hotel rooms, and a ±...3,500 square foot restaurant/bar with a built-out kitchen, Hotel (H) Liquor License, and 22 off-street parking spaces. 207-209 Main Street: This is a 7-unit apartment building currently being run with the Hotel. This property consists of (3) one-bedroom apartments, (2) studios, (2) rooms, and a laundry room. Current ownership runs both properties as a hotel with the owner paying all utilities. They have a one-week minimum stay with an estimated average of six-month stay. Some tenants have been there for 10+ years. Both properties operate with nearly no vacancy. Less than half a mile away from the subject property, the Spring City Hotel charges ±$250 per room per week (with communal bathrooms), and $350 to $375 for studio apartments. Spring City Hotel posts a ±95% occupancy rate with a two-week minimum stay at significantly higher rental rates proving the market rents can be increased significantly at The Royersford Hotel. New ownership has numerous options available to rent the rooms/apartments to increase the income of this property â whether it be nightly, extended stay, or a hybrid model. In addition, they can operate the restaurant/bar or lease the space and hotel liquor license to a prospective tenant. The properties are located on âMain Streetâ, Royersfordâs highest-traveled road, with an array of restaurants and storefronts. In addition, the properties are situated down the road from The Riverfront at Royersford, the newest mixed-use development in Royersford, featuring 188 apartment units and 10+ retail stores making this one of the largest attractions in town.
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MLS#
PAMC2097878
Property Type
General Commercial
Year Built
1880
Square Feet
17,000
sq. ft
Price per Sq. Ft.
$182.44
Lot Size
0.52
Sewer
Public Septic System, Public Sewer
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