37 Bridge St, Phoenixville, PA – $1,500,000

37 Bridge St, Phoenixville, PA – $1,500,000
For Sale
Units / Bedrooms 14 Current Zoning Comm Real Estate Taxes 7525 / 2016 Cap Rate 9% Property Use Restaurant / Hotel/ Inn/ Bar

This is Commercial Real estate – Multi Unit – Restaurant

Own a piece of history.  The Pickering Creek Inn is for Sale. Sale includes Real Estate, Furniture Fixtures & Equipment, “R” Liquor License and Business.  Building dates back to the 1830’s.  Bar & restaurant includes 20 seat bar, 10 seat bar table area, 36 seat dining room with pool table , stage & dance floor. Private patio pavilion has its own bar and seating for 70 patrons.  Building consists of 5 levels – basement, main bar floor, and 3 floors that consist of 18 “hotel” rooms for rent.   2nd floor hotel level consists of 8 single rooms with shared bathroom.  3rd floor hotel level consists of 3 additional single rooms under renovation.  There are also 2 – three bedroom apartments in rear of building.  Property has access to ample parking.  Phoenixville is being revitalized and is the new up and coming hot spot in the suburbs.  550 luxury apartment units have been completed down the street and is 50% rented.  Toll Brothers is building another 750 apartment building complex close by.  Some of the neighboring businesses include Blue Bird Distilling, Robert Ryan Catering, Customers Bank, Great American Pub, Steel City Coffeehouse, Molly Maguires, Buho’s and Iron Hill Brewery.  During the Civil War, the Pickering Creek Inn (Formerly the Phoenix Mansion House) served as a Civil War infirmary as well as a stop on the Underground Railroad.  It has even been said that Abraham Lincoln once dined at the Inn.  The “Sundance Kid” is also said to have hidden out at the Inn when he was on the lam.  Centrally located near Routes 422, 29,113,724,23.

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