Excellent opportunity on the Ridge Pike Corridor! Almost an acre (.92) of ground with approximately 150ft of road frontage. Limerick's Main Street Zoning allows for a variety of uses including: Restaraunt/Tavern/Cafe, professional office or studio of a teacher, artist, accountant, architect, landscape architect, minister, musician, engineer or practitioner of a similar character, bank, retail center, personal services and much more. Buyer responsible to verify use with Limerick Township. See attached documents for traffic study and full list uses. Property consist of 2 structures. A 4 bedroom home with over 2000sqft of living space, which is currently occupied, and a 40x30 auxiliary building consisting of 3 garage bays and a 25x20 workshop area. Possibilities are endless!
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.
Royersford is located in Pennsylvania. Royersford, Pennsylvania has a population of 4,788. Royersford is less family-centric than the surrounding county with 24.5% of the households containing married families with children. The county average for households married with children is 35.13%.
The median household income in Royersford, Pennsylvania is $56,483. The median household income for the surrounding county is $84,791 compared to the national median of $57,652. The median age of people living in Royersford is 36.4 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 23.7 degrees. The average rainfall is approximately 47.4 inches per year, with 19.1 inches of snow per year.
