Views
Listed By:
CG Realty, LLC
Address
447-449 Macdade Boulevard, Collingdale, PA
Price
$ 449,900
Property Attributes
  • MLS#PADE2045652
  • TypeMulti-Family
  • CountyDELAWARE
  • CityCollingdale
  • AreaCollingdale Boro
  • Zip19023
  • Style
  • Year Built1930
  • Taxes$ 13868
  • Price$ 449,900
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Bright MLS
Property Description

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.

Price History
4/27/2023 Listed $749,900
5/24/2023 34% - $499,900
4/15/2024 11% - $449,900

General Features

Sewer Public Sewer
Heating Radiator
Cooling Ceiling Fan(s),Attic Fan,Window Unit(s),Wall Unit
Possession 0-30 Days CD,Immediate,Negotiable
Roof Shingle
Exterior Features Awning(s),Secure Storage
Zoning COMMERCIAL
Garage Spaces 2.00
Pool Y/N No Pool
Architectural Style Other
Construction Materials Concrete
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 o
Year Built 1930
View Street
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County DELAWARE
New Construction No
Property Type Multi-Family
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade,Below Grade
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
Status ACTIVE
Directions GPS - Corner of MacDade and Marshall Ave in Collingdale
ModificationTimestamp 2024-04-17T13:23:33
City COLLINGDALE
Buyer Agent Compensation 2.5
Zoning Description Commercial - Restaurant/Bar with 3 units upstairs
Total Units 1
MLS Area Collingdale Boro (10411)
Lot Size Square Feet 0.00
Tax Assessed Value 314580.0
Waterfront Y/N No
Number of Units Leased 2
Street Name MACDADE
Tax Annual Amount 13868.0
Home Warranty Y/N No
Two Bedroom 1
Structure Type Over Storefront
One Bedroom Units Count 2
NumberOfUnitsVacant 1
Other Units Unit 4
Acceptable Financing Cash,Bank Portfolio,Conventional
Historic Y/N No
Rent Control Y/N No
Vacation Rental Y/N No
Days on Market 207
Location Type Suburban
Lease Type Owner Occupied,Month to Month
Standard Status Active
Year Built Source Estimated
Tax Lot 639-000
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Fireplace Y/N No
Street Suffix BOULEVARD
Central Air Y/N No
LivingAreaSource Assessor

Exterior Features

Parking Features Concrete Driveway
Water Source Public
Total Parking Spaces 5
Garage Features Additional Storage Area,Garage - Side Entry
Type of Parking Driveway,Attached Garage,On Street,Off Street
Foundation Details Concrete Perimeter,Block
Water View Y/N No
Lot Dimensions 20.00 x 125.00
Lot Size Acres 0.00
Lot Size Units Square Feet
Lot Size Source Assessor
Road Responsibility Public,Boro/Township
Land Assessed Value 62770.00
Navigable Water Y/N No
Water Oriented Y/N No
# of Attached Garage Spaces 2
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19023

Price
AVG $280K
$450K
Taxes
AVG $6,641
$13,868
Visits
AVG 216
472
Data Provided by Inside Real Estate®
Year Built
AVG 1923
1930