Remarks

Tony's Family Family Restaurant an institution in the Phoenixville/Kimberton community for decades seeks new ownership and vision to serve this highly desirable area for thee years to come. This property offers upside potential for an owner user with vision since it is situated in a rapidly expanding and economically suitable Phoenixville/Spring City market area. Between 12,000 to 17,000 cars a day ride by sections of Rt. 724 traveling between Phoenixville to Pottstown. Directly across the street Phoenixville School District is in the process of constructing a new elementary school slated to open in 2025.The property is located just a stone throw to a new 300+ unit, Toll Brothers detached single family residential community supporting pricing in excess of $600,000 to over $1,000,000 nearing completion. Just up the street is another new upscale detached, 75 lot detached single family community. In addition, just to the east is a newer mix use apartment and retail project in East Pikeland Township at Rapps Dam Rd and Rt. 724. New apartments area being built all over the Phoenixville area. The property is just outside happening downtown Phoenixville with its quaint shoppes and numerous brew pubs and restaurants. Why pay rent when you can own your own space. The property presently supports an ice cream/takeout business on 1 side and a 30+ seat restaurant on main side with an in line kitchen. There is an approximate 6' x 12' walk in refrig. and additional kitchen prep area with pizza oven, util room with 2 piece bath to the rear of the ice cream side. Over the years, Tony's was a food fixture at the Kimberton Fair and provided catering services to numerous family/private affairs and community events. Moving south from Rt. 724 is the Historic Village of Kimberton, the french creek with covered wood bridges and the Rt. 113 corridor. This property is located in the "MU" mixed use zoned district in East Pikeland which offers numerous use alternatives. Also this property is situated in a LERTA (Local Economic Revitalization Tax Assistance) overlay district which may qualify for improvement tax exemptions to the new owner.

Details

MLS#: PACT2058132
Price: $599,900

Year Built: 1960

County: CHESTER
Tax Fee: 7172.0