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Alburtis Tavern and Lodge - 23 rental units 102-106 S Main St 23 Unit Apartment Building $3,950,000 ($171,739/Unit) Alburtis, PA 18011
Investment Highlights
- Bar & Restaurant with hotel liquor license and PA Skill Games License
- Recent upgrades to restaurant kitchen and full banquet kitchen in lower level
- 11 Apartments (5 one & 6 two-bedroom)
- Banquet room with private bar and entrance - seating for up to 150
- Outdoor dining with LL variance
- 12 Short-term rentals with private bath
Executive Summary
Excellent opportunity to purchase a popular restaurant and bar with first year annual income trending over $1,200,000. Included in sale are 11 one & two-bedroom apartments and 12 studio suites with private baths totaling $26,065 in monthly gross rent.
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Property Facts Under Contract
| Price | $3,950,000 | Property Subtype | Apartment |
| Price Per Unit | $171,739 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Sale Condition | 1031 Exchange | Building Size | 32,147 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Zoning | C-1 - Zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood | ||
| Price | $3,950,000 |
| Price Per Unit | $171,739 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 32,147 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | C-1 - Zoning allows for small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| Studios | 12 | - | - |
Somewhat walkable
20/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 546356039736-1 | Improvements Assessment | $833,700 |
| Land Assessment | $94,800 | Total Assessment | $928,500 |
Property Taxes
Parcel Number
546356039736-1
Land Assessment
$94,800
Improvements Assessment
$833,700
Total Assessment
$928,500
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Alburtis Tavern and Lodge - 23 rental units | 102-106 S Main St