Attention Investors! Bucks County investment opportunity in Richlandtown Borough, PA
Richlandtown Inn, 7,000 SF, 3 levels, former restaurant, 16 hotel rooms, situated on 0.3544 acre lot, off street parking with public utilities.
Attention Investors! Bucks County investment opportunity in Richlandtown Borough, PA
Richlandtown Inn, 7,000 SF, 3 levels, former restaurant, 16 hotel rooms, situated on 0.3544 acre lot, off street parking with public utilities.
Building Features- 16 Hotel rooms on 2nd and 3rd levels, Office. Current monthly rates- 12 rooms at $640/month, 3 rooms at $695/month, 1 room at $750/month
- Level 1- Restaurant, Dining, Bar, Kitchen Area, 2 half baths (Currently Vacant)
- Level 2- 1 Full Hall Bath, 2 rooms with a full bath, office.
- Level 3- 2 Full Hall Baths, Common Area Kitchen, 2 rooms with a full bath.
Hotel rooms operate under a Bucks County Lodging Room Rental Certificate as a Country Inn Establishment. Sales tax report is to be filed every 3 months. Guests stays over 30 days are considered residents and are tax exempt.
Fire escape redone in 2019
VISIT OUR TRANZON WEBSITE TO DOWNLOAD THE PROPERTY INFORMATION PACKET & REGISTER TO BID!
Online Bidding Opens: Friday, April 11, 2025 at 1:00 PM EST
Online Bidding Closes: Wednesday, April 16, 2025 at 1:00 PM EST
- Buyer's Premium: 10% Buyers Premium based on the high bid.
- Closing: 30-Day closing, sold in As-Is condition, no contingencies.
- Deposit Amount: 10% deposit.
- Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
- Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
- Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.
SEE FULL TERMS & CONDITION IN THE PROPERTY INFORMATION PACKET
