1409 Lake Ariel Highway, Lake Ariel, PA 18436
$500,000
Property Type:
Commercial Sale
Square Footage:
6,318
Status:
Closed
Current Price:
$500,000
List Date:
4/08/2022
Last Modified:
9/11/2024
Overview
Description
Listing Details MLS# 22-1079
General Property Information
- Business Name
- Kay's Italian Restaurant
- Number Of Units Total
- Yes
- SqFt. Above Grade (Legacy)
- 4318
- SqFt. Below Grade (Legacy)
- 2000
- Building Area Total
- 6318
- Living Area
- 6318
- Lot Size Acres
- 0.72
- Water Body Name
- None
- Stories
- 2
- Leasable Area
- 6318
- List Price/SqFt
- 87.05
- Sold Price/SqFt
- 79.14
Property Features
Building Features:
Equipment Included; Fixtures Included; Inventory Included
Business Type:
Rental; Restaurant; Other
Construction Materials:
Frame
Current Use:
Commercial; Other
Levels:
Multi/Split
Listing Terms:
Cash; Conventional
Lot Features:
Corner Lot
Parking Features:
On Site
Possession:
Negotiable
Possible Use:
Other
Road Frontage Type:
City Street; State Road
Road Surface Type:
Paved
Sewer:
Septic Tank
Special Licenses:
Liquor
Water Source:
Well
Contract Information
- Listing Contract Date
- 2022-04-08
- Property Attached YN
- No
Location Tax and Legal
- Street Number
- 1409
- Street Name
- Lake Ariel
- Street Suffix
- Highway
- County
- Wayne
- State
- PA
- Postal Code
- 18436
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Awesome Opportunity to own an Amazing Landmark Restaurant in Lake Ariel, PA! Since 1981 Kay's Italian Restaurant in Lake Ariel has been serving the best gourmet Italian meals in the area! The owners have decided it's time to retire & spend time with their grandchildren! This impressive establishment is being sold 100% turn key, including the inventory, recipes, liquor license, equipment, ice cream machines & more! Come take over this profitable restaurant with 41 years of Happy Customers, feel free to keep it the same or make it your own! Lots of potential for expansion and other business opportunities! Excellent location right across from Lake Ariel which includes 2 parking lots for plenty of parking & a 2 bedroom apartment for added income! Kay's will remain open until it's sold!, Ceiling: 0-9FT,10-12FT
Status Change Information
- Major Change Timestamp
- 2022-08-22T17:37:34Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2022-05-09
- Close Date
- 2022-08-22
- Close Price
- 500000
More Information
Building Features
- Included In Contract
- Business & Building(s)
- Equipment Included
- Yes
- Fixtures Included
- Yes
- Inventory Included
- Yes
Location, Tax, and Legal
- Street Additional Info
- 1409 Lake Ariel Hwy, Lake Ariel
- Municipality
- Lake Township
- High School District
- Western Wayne Area
- Cnty&Muni Taxes (Legacy)
- 1407.74
- School Tax Amount
- 4413.75
- Tax Annual Amount
- 5821.49
- Tax Assessed Value
- 249600
- Parcel Number
- 12-0-0006-0024
- Zoning Description
- Residential
- Tax Book Number
- 0423/703
Construction Materials
- Frame
- Yes
Current Use
- Commercial
- Yes
- Other
- Yes
Levels
- Multi/Split
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Corner Lot
- Yes
Parking Features
- On Site
- Yes
Possession
- Negotiable
- Yes
Road Frontage Type
- City Street
- Yes
- State Road
- Yes
Road Surface Type
- Paved
- Yes
Sewer
- Septic Tank
- Yes
Water Source
- Well
- Yes
Business Type
- Rental
- Yes
- Restaurant
- Yes
- Other
- Yes
Possible Use
- Other
- Yes
Special Licenses
- Liquor
- Yes
Listing Office:
RE/MAX WAYNE
Last Updated: September - 11 - 2024
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