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447 449 Macdade Boulevard
Collingdale, PA 19023
–
beds
–
baths
–
sqft
1930
build
BACK ON THE MARKET, AS BUYER FINANCING FELL THROUGH. Price for two buildings without the liquor license to $499,900! Excellent opportunity to own this mixed-property with a lounge/bar with over 4,000 square feet of interior space and multiple apartments on top, plus a garage in the back. Parking in the driveway on the side of the building combine for a total of roughly 2-3 parking spots. This investment property currently features 3 apartments with the possibility to create 6-7 units or to bring the lounge/bar back to its glory days and have 4 units upstairs and a two car garage out back. The exterior of the property features large signage right on MacDade Blvd. Great location in the heart of Collingdale situated right on the corner of MacDade Blvd and Marshall Avenue. The large bar/restaurant/tavern has multiple entrances and is fully equipped a pool table, a dance floors, TVs, tons of seating, restrooms and the possibility to bring the kitchen back to full functionality. The main floor and bar seats 40-50 people comfortably. Traffic count is 25,000 plus. Possibility at this location to bring the bar back to it's glory days...restaurant/bar with multiple apartments upstairs. Don't miss out on your chance to own this amazing opportunity! Property is now unoccupied and rents can be increased! There is a ton of potential to bring this to a 9% cap rate. Please verify square footage, as public record was used for square footage information.
Listing courtesy of BRIGHT / CG Realty, LLC
Last checked:
Checking…
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Last updated Apr 17, 2024
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MLS# PADE2045652 —
The Building
Year Built:
1930
Year Built Source:
Estimated
New Construction:
No
Construction Materials:
Concrete
Structure Type:
Over Storefront
Architectural Style:
Other
Historic:
No
Building Units Total:
1
Roof:
Shingle
Accessibility Features:
None
Foundation Details:
Concrete Perimeter, Block
Total SqFt Source:
Assessor
Total Below Grade SqFt Source:
Assessor
Interior
Fireplace:
No
Living Area SqFt Source:
Assessor
Room Dimensions
Living Area SqFt:
0 Sqft
Financial & Terms
Sale Type:
Standard
Acceptable Financing:
Cash, Bank Portfolio, Conventional
Possession:
0-30 Days CD, Immediate, Negotiable
Location
Directions:
GPS - Corner of MacDade and Marshall Ave in Collingdale
Cross Street:
Marshall Ave
Latitude:
39.91434000
Longitude:
-75.27226000
Location Type:
Suburban
The Property
Property Type:
Multi-Family
Property Subtype:
Other
Lot Size Units:
Square Feet
Lot Size Source:
Assessor
Lot Size Dimensions:
20.00 x 125.00
Lot Dimensions Source:
Assessor
Lot SqFt:
0 Sqft
Exclusions:
Lease gaming machines / leased equipment / personal items. Adjusted price of $499,900 as a Multi-Family, reflects the sellers agreement to sell the building without the liquor license for the right offer.
Zoning:
COMMERCIAL
Zoning Description:
Commercial - Restaurant/Bar with 3 units upstairs
Road Responsibility:
Public, Boro/Township
View:
Street
Other Structures:
Above Grade, Below Grade
Water View:
No
Waterfront:
No
Water Oriented:
No
Water Access:
No
Navigable Water:
No
Tidal Water:
No
Ground Rent Exists:
No
Riparian Rights:
No
Listing Agent
Contact info:
Office phone:
(610) 566-5182
Taxes
Tax ID Number:
11-00-01564-00
Tax Year:
2023
Tax Lot:
639-000
Tax Annual Amount:
$13,868
Tax Assessed Value:
$314,580
Year Assessed:
2023
School Tax:
9837.0
County Tax:
943.00
City/Town Tax:
3087.00
Total Taxes Payment Frequency:
Annually
The Listing
Buyer's Brokerage Compensation:
2.5%
Buyer Agency Comp Type:
% Of Gross
Buyer Agency Comp Selection:
Percent
Remarks - Buyer Agency Compensation:
Commissions will not be paid on liquor license. Buildings can be purchased without the liquor license. Contact listing agent for showings.
Heating & Cooling
Cooling Type:
Ceiling Fan(s), Attic Fan, Window Unit(s), Wall Unit
Central Air:
No
Cooling Fuel:
None
Heating:
Yes
Heating Type:
Radiator
Heating Fuel:
Natural Gas
Utilities
Sewer/Septic:
Public Sewer
Hot Water:
Natural Gas
Water Source:
Public
Schools
School District Name:
Southeast Delco
School District Source:
Listing Agent
The Community
Exterior Features:
Awning(s), Secure Storage
Pool:
No Pool
Transportation:
Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles, Commuter Rail Station less than 1 mile
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
4/15/24
Apr 15, 2024
Price Changed
BRIGHT
$449,900
-10.0%
1/18/24
Jan 18, 2024
Listed / Active
BRIGHT
$499,900
8/7/23
Aug 7, 2023
Sold Subject To Contingencies
BRIGHT
$499,900
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No additional history available
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Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
This multifamily located in Collingdale, PA 19023 is currently for sale for $449,900. 447 449 Macdade Boulevard is a – square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Harris School and Academy Park High School.
Listing Courtesy of: BRIGHT
and CG Realty, LLC.
The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
Checking…
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Last updated Apr 17, 2024
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