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534 E Allegany Ave
Emporium, PA 15834

$150,000 USD

Restaurant For Sale  •  4,200 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,200 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1847
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
37 Walk Score

Description

Offered for sale is your chance to own a piece of Cameron County history and turn it into a profitable investment. Built in 1847, this property has a rich history and character that is unmatched. The current business has been a staple of the community since 1957 and is ready for a new owner to take it to the next level. While this building needs some work, the potential rewards are well worth the investment. Located in the heart of the PA mountains and the PA Wilds known for hunting, fishing, and elk herds, the bar and restaurant have all the potential to become a must-visit destination for locals and tourists alike.
And with the included liquor license and all equipment, you can hit the ground running and start generating income right away.
But that's not all - the building has three apartments on the second floor, two of which can be renovated to become additional income-generating units. With some work, you can turn this property into a multi-stream investment that will pay dividends for years to come. And as the new owner, you have the option of living in one of these apartments while you oversee the business. There is an attached garage at the rear of the building, and a rear deck off one apartment plus a 2nd floor covered front porch where you can relax after working in your dream venture. Plenty of off-street parking in the parking lot, as well as on street parking.

Highlights

Central location with heavy traffic area
Open dining room/bar area

Property Flyers

Financial Summary

Total Expenses: $0 USD

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Anne Horning Crown Realty Services
Anne Horning Crown Realty Services