1148 Route 390, Cresco, PA 18326
$325,000
Property Type:
Commercial Sale
Square Footage:
2,662
Lot Size (sq. ft.):
20,909
Status:
Closed
Current Price:
$325,000
List Date:
8/28/2024
Last Modified:
3/03/2025
Description
Welcome to The Bloomin Onion, an exciting purchase opportunity nestled in the heart of the Village of Mountainhome (Cresco, PA). With a built-in customer base and the potential to expand with catering, delivery services, or hosting private events, this property offers a strong investment opportunity. The area's consistent year-round tourism ensures a steady stream of patrons, particularly during peak seasons. Turnkey purchase includes the restaurant, FF&E, LIQUOR LICENSE and a rental 2bed/1bath home. For investors and restaurateurs alike, this is a golden chance to take advantage of a vibrant market and a ready-made restaurant in a highly desirable location. Bloomin Onion is more than just a restaurant—it's a cornerstone of the local dining scene ready for its next owner.
More Information MLS# PM-118208
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $325,000
Current Price: $325,000
Status: Closed
Listing Contract Date: 2024-08-26
Location, Tax, and Legal
Parcel Number: 01.17.1.13
Municipality: Barrett Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 903.77
School Tax Amount: 3090.45
Tax Annual Amount: 3994.22
Tax Assessed Value: 155260
Tax Book Number: 2535/2332
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 2662
Building Area Source: Public Records
Stories: 1
Year Built Source: Estimated
Lot Size Acres: 0.48
Sign On Property YN: No
List Price/SqFt: 169.05
Sold Price/SqFt: 122.09
Building Area Total: 2662
Year Built: 1930
Remarks and Miscellaneous
Public Historical Remarks: Exterior Amenities: Sign, Potential Use: Building Trades, Miscellaneous: Zoning Code MU-V (Commercial)
Public Remarks: Welcome to The Bloomin Onion, an exciting purchase opportunity nestled in the heart of the Village of Mountainhome (Cresco, PA). With a built-in customer base and the potential to expand with catering, delivery services, or hosting private events, this property offers a strong investment opportunity. The area's consistent year-round tourism ensures a steady stream of patrons, particularly during peak seasons. Turnkey purchase includes the restaurant, FF&E, LIQUOR LICENSE and a rental 2bed/1bath home. For investors and restaurateurs alike, this is a golden chance to take advantage of a vibrant market and a ready-made restaurant in a highly desirable location. Bloomin Onion is more than just a restaurant—it's a cornerstone of the local dining scene ready for its next owner.
Business Type
Bar/Tavern/Lounge: 1
Food & Beverage: 1
Restaurant: 1
Professional Service: 1
Professional/Office: 1
Special Licenses
Liquor: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Possible Use
Residential: 1
Retail: 1
Other: 1
Building Features
Equipment Warranty: 1
Fixtures Included: 1
Other: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Heating
Electric: 1
Natural Gas: 1
Water Source
Public: 1
Sewer
Septic Tank: 1
Road Frontage Type
State Road: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 1148
Street Name: Route 390
City (Post Office): Cresco
State: PA
Postal Code: 18326
Status Change Information
Price Change Timestamp: 2024-10-31T19:43:23Z
Purchase Contract Date: 2024-12-20
Close Date: 2024-12-20
Close Price: 325000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow; Negotiable
Possible Use: Residential; Other; Retail
Business Type: Bar/Tavern/Lounge; Food & Beverage; Restaurant; Professional Service; Professional/Office
Special Licenses: Liquor
Building Features: Equipment Warranty; Fixtures Included; Other
Cooling: Ceiling Fan(s); Central Air
Heating: Electric; Natural Gas
Water Source: Public
Sewer: Septic Tank
Road Frontage Type: State Road
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
SER Commercial Real Estate, LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
