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1023 Market Street
Marcus Hook, PA 19061
Christopher Twardy with BHHS Fox & Roach Center City-Society Hill, original listing - (215) 627-6005
$1,500,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
7500 Square Feet
Property Description
****PICS TO FOLLOW SHORTLY****This is a rare and exciting opportunity to acquire a legendary, highly sought-after Iconic and Established Bar/Restaurant with Adjoining Parking Lot that has been an integral part of the community for decades. Known for its vibrant atmosphere, exceptional food and drink offerings, and loyal clientele, this fully operational establishment is now available for purchase. The bar/restaurant is located in a prime, high-traffic area, making it easily accessible to both locals and visitors. The spacious building is perfectly situated, with excellent visibility and a large, welcoming exterior that invites guests in from the moment they arrive. The property boasts ample square footage, offering a comfortable dining area, a spacious bar area with multiple televisions, countertop gaming, pool table, tables and chairs, barstools and a large kitchen equipped with all necessary appliances and storage. The restaurant's interior has a warm, inviting charm with a mix of traditional and modern elements, providing the ideal atmosphere for casual dining, family gatherings or just hanging out. There is also an adjoining parking lot, offering a generous number of spaces for guests. This not only ensures a hassle-free experience for visitors but also adds value to the business, especially during peak hours or for special events. The parking lot is well-maintained, spacious, and easily accessible, adding to the overall convenience and attractiveness of the location. For over many years, this bar/restaurant has been a beloved establishment within the community. With a strong and loyal customer base, this is an excellent opportunity for an owner-operator or investor to take over an already thriving business. The current owner has built a reputation for providing excellent service, delicious food, and a welcoming environment, ensuring the business continues to be a top choice for dining and socializing in the area that many people have come to know and love. The bar area is a focal point of the establishment, offering a wide selection of craft beers, food or signature cocktails. Whether it's enjoying a drink with friends, watching the big game, or mingling with locals, the bar area is always a hub of activity. The bar is equipped with modern systems for both serving and inventory management, and the layout maximizes both the guest experience and operational efficiency. The well-appointed kitchen is designed for efficiency and ease of operation, featuring necessary appliances, ample prep space, and a comprehensive storage area. The current menu is diverse, featuring popular options for both lunch and dinner, from appetizers and sandwiches to full entre meals, and catering to a wide range of tastes and preferences. This setup would easily allow the new owner to continue with the current offerings or revamp the menu as desired. Full liquor license offering a wide selection of spirits, wines, and beers.Excellent signage and curb appeal that attract both regulars and new patrons. The bar/restaurant has a proven track record of profitability and consistent growth, with plenty of potential for expansion and increased revenue through additional services such as catering, private tour of the premises.
Property Information
Lot Size
0 sqft square ft
Property Type
Commercial Sale-Other
Year Built
1900
MLS Number
--
Location
Address
1023 MARKET STREET
City
MARCUS HOOK
State
PA
Zip Code
19061
County
DELAWARE (COUNTY SOUTHWEST)
Listing
Name
Phone
(609) 304-2314
Office Name
Office Phone
(215) 627-6005
Agent Name
Christopher Twardy
Agency Phone
(215) 627-6005

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.