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 th 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 impressive 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.

Request Information
on 447-449 Macdade Blvd
in Collingdale, PA
Presented by Anthony Joseph Krupincza at
CG Realty, LLC.


Property MLS #PADE2045652 from BrightMLS

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+ Bedrooms

Bedrooms: 4

+ Heating and Cooling

Cooling Features: Ceiling Fan(s), Attic Fan, Window Unit(s), Wall Unit
Heating Features: Radiator
Heating: Yes

+ Garage and Parking

Garage Spaces: 2
Garage Features: Additional Storage Area, Garage - Side Entry
Parking Features: Concrete Driveway, Attached Garage Spaces: 2, Driveway Spaces: 3, Attached Garage, On Street, Off Street
Parking Total: 5

+ Home Features

View: Street

+ Multi-Unit Info

Number of Units: 1
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 1

+ School Information

School District: SOUTHEAST DELCO
+ Display Complete School Details

Harris School is a public elementary and middle school located approximately 0.4 miles away.
Map directions

Academy Park High School is a public high school located approximately 0.5 miles away.
Map directions

Christ Academy is a private elementary, middle and high school located approximately 0.4 miles away.
Map directions

+ Other Property Info

Annual Tax Amount: 13868.0
Source Listing Status: Active
County: DELAWARE
Source Property Type: Multi-Family
Area: DELAWARE
Source Neighborhood: DELAWARE
Postal Code Plus 4: 3442
Township: COLLINGDALE BORO
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-05-25
$399,900
BrightMLS

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Price Changed 2024-04-15
$449,900
BrightMLS

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Relisted 2024-01-18
$499,900
BrightMLS

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Listing removed 2024-01-05
$0
BrightMLS

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Price Changed 2023-05-23
$499,900
BrightMLS

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Listed 2023-04-27
$749,900
BrightMLS

+ Building and Construction

Year Built: 1930
Construction Materials: Concrete
Property Age: 94
Structure Type: Over Storefront
Architectural Style: Over Storefront