$5,600,000
$6,200,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
1.38 Acres Lot
SOLD DATE : 12/23/2015
Key Details
Sold Price $5,600,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1003591420
Sold Date 12/23/15
HOA Y/N N
Originating Board TREND
Year Built 1733
Annual Tax Amount $50,624
Tax Year 2015
Lot Size 1.380 Acres
Acres 1.09
Lot Dimensions 164X353
Property Description
The Logan Inn Ferry Street, New Hope PA The Logan Inn began as a tavern c.1722 in the historic town of New Hope, PA on the Delaware River. It was established as an Inn in 1727. Today the Logan Inn is one of the oldest running Inns in the USA. Perched on one acre in downtown New Hope, the Inn has the prime location with 73 parking spaces, expansive outdoor space with room to expand. It sits opposite the Playhouse and is up from the river. The historic building has been finely maintained throughout the centuries, especially in recent years. With a prerevolutionary spirit, it honors its colonial past and celebrates its 21 Century amenities. Its current owners take pride in the structure and in its successful business performance. The Nicolas restaurant has a total seating capacity of 400. The patio area is covered and offers heaters, fans, stylish outdoor furnishings, and a bar. It has a rear garden area that handles tents for special events. The Patio is a popular spot to watch the world go by. Inside there are several dining rooms surrounding the old tavern room, all ideal for various banquet events. The Fireside Room has a large hearth for seasonal wood fires and is accented with a cathedral ceiling with large wood beams. It seats about 60. The Tavern with its old wood bar has a unique and brand new piece of equipment that pours single glass servings from a variety of 28 bottles. Another themed dining area is The Cottage with a wooden ceiling and gas fireplace. It is a comfortable setting for 30, perfect for manager meetings. The kitchen was reorganized by the current owner to make it extremely functional, updated, with well seasoned pots and pans. The Inn has 16 en suite rooms with newer baths, coffee makers, ironing boards, bath robes. They are well furnished with a Colonial spirit, fresh quilts, sunshine and charm. The Logan Inn is an efficient and profitable business ready for the next professional. The staff is well trained and the numbers are very healthy. The business is being sold with full inventory. There is room for continuing growth and expansion.
Location
State PA
County Bucks
Area New Hope Boro (10127)
Zoning CC
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Flooring Tile/Brick, Wood, Carpet
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
Roof Type Flat
Road Frontage State
Parking Type Parking Lot
Garage N
Building
Building Description Other,Plaster Walls,Masonry, Exhaust System,Fire Alarm,Fire Escape,Refrigerator(s),Security System
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Other,Plaster Walls,Masonry
New Construction N
Schools
School District New Hope-Solebury
Others
Tax ID 27-010-051
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Caryn M Black • Addison Wolfe Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "