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1148 Route 390, Cresco, PA 18326 (MLS# PM-118208)

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

Overview

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.

Listing Details MLS# PM-118208

General Property Information

Above Grade Finished Area
2662
Building Area Total
2662
Building Area Source
Public Records
Stories
Yes
Year Built
1930
Year Built Source
Estimated
Lot Size Acres
0.48
Sign On Property YN
No
List Price/SqFt
169.05
Sold Price/SqFt
122.09

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

Contract Information

Property Sub Type
Business
Listing Contract Date
2024-08-26
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
1148
Street Name
Route 390
City (Post Office)
Cresco
State
PA
Postal Code
18326

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.

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

More Information

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

Business Type

Bar/Tavern/Lounge
Yes
Food & Beverage
Yes
Restaurant
Yes
Professional Service
Yes
Professional/Office
Yes

Special Licenses

Liquor
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Possible Use

Residential
Yes
Retail
Yes
Other
Yes

Building Features

Equipment Warranty
Yes
Fixtures Included
Yes
Other
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Heating

Electric
Yes
Natural Gas
Yes

Water Source

Public
Yes

Sewer

Septic Tank
Yes

Road Frontage Type

State Road
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: SER Commercial Real Estate, LLC
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.