New Hope, PA 18938,10 W FERRY ST
New Hope, PA 18938,10 W FERRY ST
New Hope, PA 18938,10 W FERRY ST
$5,600,000
Est. payment /mo
$6,200,000
9.7%
Est.Price: ?

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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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Bright MLS (BMLS)
Listed by Michael W Richardson • Kurfiss Sotheby's International Realty
Bought with Caryn M Black • Addison Wolfe Real Estate
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