120 Lincoln Street, Olyphant, PA 18447 (MLS# 21-4408)
120 Lincoln Street, Olyphant, PA 18447
$400,000
Property Type:
Commercial Sale
Square Footage:
3,000
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$400,000
List Date:
4/13/2022
Last Modified:
9/13/2024
Description
The Vallley's premiere bar/restaurant/entertainment venue is for sale. Very profitable turnkey business package includes: building, parking lot/land, liquor license and all equipment and furnishings. This is a super-solid business that did fantastic receipts right through the pandemic largely due to the giant heated patio which allows for all-season outdoor dining. Being sold due to owner illness, make no mistake, this one's a winner and priced perfectly., Tax Information: Available, Additional Info: Closed 6/3/22 390,000 building and contents.
10K closing on liquor license to occur as soon as state approves. Total sale including license 400,000. Bank wanted license allocated low and buyer to pay cash for it.
Appraisers: real estate and contents at 390,000., Ceiling Height: 17' to 18'- Y, Ceiling Height: 13' to 16'- Y, No Overhead Door: Y
More Information MLS# 21-4408
Contract Information
Current Price: $400,000
Sold Price: $400,000
Status: Closed
Listing Contract Date: 2021-09-16
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Thomas Tell Jr.
Environmental Survey YN: No
Location Tax and Legal
Street Number: 120
Street Name: Lincoln
Street Suffix: Street
State: PA
Postal Code: 18447
County: Lackawanna
General Property Information
Building Area Total: 3000
Building Area Total (Report Only): 3000
Enhanced Accessible: No
Year Built: 1913
Building Name: N/A
Parking Total: 28
Lot Size Acres: 0.17
Lot Size Dimensions: 56x140
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 2
Auction YN: No
List Price/SqFt: 141.67
Sold Price/SqFt: 133.33
Remarks and Miscellaneous
Public Remarks: The Vallley's premiere bar/restaurant/entertainment venue is for sale. Very profitable turnkey business package includes: building, parking lot/land, liquor license and all equipment and furnishings. This is a super-solid business that did fantastic receipts right through the pandemic largely due to the giant heated patio which allows for all-season outdoor dining. Being sold due to owner illness, make no mistake, this one's a winner and priced perfectly., Tax Information: Available, Additional Info: Closed 6/3/22 390,000 building and contents.
10K closing on liquor license to occur as soon as state approves. Total sale including license 400,000. Bank wanted license allocated low and buyer to pay cash for it.
Appraisers: real estate and contents at 390,000., Ceiling Height: 17' to 18'- Y, Ceiling Height: 13' to 16'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-06-03T12:38:24Z
Major Change Type: Status Change
Price Change Timestamp: 2022-01-04T22:22:30Z
Status Change Timestamp: 2022-06-03
Purchase Contract Date: 2022-03-15
Close Date: 2022-06-02
Close Price: 400000
Concessions: No
Building Features
Included In Contract: Business & Building(s)
Office SqFt: 200
Road Frontage Type
Road Frontage Length: 140
Property Features
Building Features: Cooler Space; Equipment Included; Established Business; Freezer Space; Furniture Included; Humidity Control; Inventory Included; Refrigerator Space; Turnkey Operations
Business Type: Bar/Tavern/Lounge; Restaurant
Construction Materials: Brick
Cooling: Central Air
Electric: 200 or Less Amp Service; 220 Volts
Flooring: Ceramic Tile; Concrete; Wood
Heating: Forced Air; Natural Gas
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Near Central Business District
Parking Features: Asphalt; Paved
Possession: Close Of Escrow; Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Other; See Remarks
Security Features: Security System
Sewer: Public Sewer
Special Licenses: Liquor
Water Source: Public
Showing Requirements: Text Listing Agent
Listing Office: ERA One Source Realty, Peckville
Last Updated: September - 13 - 2024
Information deemed reliable but not guaranteed.