Address
4935 River Road New Hope, PA
Price
$ 1,095,000
Property Attributes
  • MLS#PABU473880
  • TypeCommercial
  • CountyBUCKS
  • CityNew Hope
  • AreaPlumstead Twp
  • Zip18938
  • StyleRestaurant/Bar,Hotel/Motel
  • Taxes7172
  • Price$ 1,095,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6384
Listing Provided Courtesy Of:
Homestarr Realty
Property Description

A once-in-a-lifetime opportunity limited only by your imagination.The circa-1880 historic stone tavern located in Pt. Pleasant, PA, along the scenic Delaware River in picture perfect Bucks County, has finally come to market. Originally serving as a boarding house for workers on the Delaware Division of the Pennsylvania Canal in the 1800's and more recently operating as Apple Jack~s (1970 ~ 2014) and The Local (2015-2018), the property awaits a new steward~s architectural and operating vision.The main tavern building consisting of 6,385 square feet, along with several hundred feet of garden and retaining walls, is constructed of dramatic anthracite stone with solid 18~ thick walls and sited on an .85-acre canal-front lot zoned Village Commercial. The sale includes a grandfathered hotel liquor license (H-1) that does not require the operation of any hotel rooms and offers the opportunity to extend liquor service throughout the building. In addition, several unused outbuildings have been preserved solely to provide for the possibility of trading existing impervious surface area to further expand the main building, subject to approvals.The main structure consists of three floors, each measuring 28 x 70 feet. From bucolic River Road in its quaint village surroundings, the building appears as two stories and is surrounded on one side by a large triangular-shaped courtyard (75 x 75 feet irregular) with 9-foot high stone privacy walls. The lower level, which opens to the courtyard, is configured as a rustic bar/restaurant with seating for approximately 60 patrons, a large commercial kitchen (20x25 feet) within the building envelope, and an additional 500 square feet of subterranean kitchen/prep/storage space outside the main building envelope. A second stone-walled courtyard immediately adjacent to the tavern could be easily enclosed to expand the tavern by an additional 900 square feet. The second floor, which is the main level from River Road (with front door access to an existing large terrace), is currently wide open and awaiting a new steward~s creativity. The top floor is configured with its original ten rooms (which are not required per a binding exemption from PaLCB) and one bathroom. Since these rooms are currently non-operational, removal of these could create a dramatic hospitality space with ceilings over 16 feet high that could be further enhanced by exposing the beautiful black stone walls. The tavern could be reopened upon sale or made part of a larger redevelopment plan. Furthermore, for those with a grander vision potentially as large as 20,000 square feet, the property is directly adjacent to the former Pt. Point Pleasant fire house (see MLS listing 1000152640). The possibilities are nearly endless, and include a restaurant, hotel, tavern, distillery, micro-brewery, meeting/wedding/event facilities or even mixed-use residential or commercial. Because the property is already licensed for liquor sales and the location is zoned for commercial uses, buyers should anticipate an easy permitting and approval process to get any project underway. Equidistant between lower Manhattan and Philadelphia at around 60 miles, this is a unique opportunity to create an easily accessible Bucks County masterpiece. The property is located a quick 15 minutes up the Delaware River from the popular weekend destination of New Hope, PA, as well as under 20 minutes from Doylestown, PA and Upper Bucks County.

Price History
9/12/2019 Listed $1,250,000
9/3/2020 13% - $1,095,000

General Features

Accessibility None
Business Type Restaurant/Bar, Hotel/Motel
Construction Materials Stone
Cool Fuel Electric
Cooling Other, Central A/C
County BUCKS
Heating Hot Water
MLS Area Plumstead Twp (10134)
New Construction No
Ownership Fee Simple
Possession Negotiable
Property SubType Mixed Use
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer On Site Septic
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning VC

Interior Features

Central Air Y/N Yes
Heating Fuel Oil
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 0.00
Car Parking Spaces 1
Lot Dimensions 207.00 x 290.00
Lot Size Acres 0.00
Lot Size Source Estimated
Lot Size Square Feet 0.00
Navigable Water Y/N No
Total Parking Spaces 2
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Well
Water View Y/N No
Waterfront Y/N No

Amenities

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

Property vs Zip Code Average in 18938

Price
AVG $1.03M
$1.1M
Taxes
AVG $24,240
$7,172
Visits
AVG 58
80
Walkscore
AVG 41
19
Data Provided by Walkscore ® not using MLS data

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