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Woodland Ave

$2,200,000

Woodland Ave, Springfield, Pa 19064

Active
Last Updated: 02/12/2025

4,200 sqft

Building Size

1975

Year Built

Details:
Building Size:    4,200 sqft
Year Built:    1975
Price Per Sqft:    $523.81
Zoning:    COMMERCIAL
Highlights:
  • Days on Market: 185
  • Heating: Forced Air
Description:

Landmark Full-Service Restaurant Business with Building FOR SALE! The business was established in 1975 featuring dine in, take out, catering providing breakfast, lunch, dinner and dessert to Springfield, PA and surrounding areas. Close proximity to the High School, Middle School and various Elementary Schools. Real Estate includes a +/- 4,200 SQ FT Building with a large, finished basement on approximately .08 acres to facilitate an abundance of parking (35 spots + dedicated employee parking). The property is located on a major thoroughfare (Rt 420) in the heart of the bustling shopping district of the old Golden Mile, Springfield, PA. Recently remodeled (2016) and turnkey for a new operator. The seller is selling due to retirement. Current Operating Hours: Monday-Thursdays & Sunday 8:00AM to 9:00PM, Friday and Saturday 8:00AM TO 10:00PM. Call Evans Z for more details on this outstanding opportunity.

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Today's Available Mortgage Rates

3495 N Seacrest Blvd, Ocean Ridge, Florida 33435

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/20/2025
Agency*Lender #591
5 Year Fixed
30 Year Amortization
Interest rate 5.73% 5 Year Fixed
Mo. Payment$10,802 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $10,000 Lender fees
Loan Amount $1,855,000 Loan Amount
Details
Agency*Lender #592
7 Year Fixed
30 Year Amortization
Interest rate 5.92% 7 Year Fixed
Mo. Payment$9,362 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $1,575,000 Loan Amount
Details
Agency*Lender #592
10 Year Fixed
30 Year Amortization
Interest rate 5.98% 10 Year Fixed
Mo. Payment$9,213 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 44% LTV $10,000 Lender fees
Loan Amount $1,540,000 Loan Amount
Details
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