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120 E Philadelphia Ave
Boyertown, PA 19512
Retail Property For Sale
EXECUTIVE SUMMARY
Own a Piece of History – Turnkey Bar/Restaurant with Apartments
Originally built around 1847, this historic property—formerly the William Penn Lodge and now known as The Ironstone—offers a rare opportunity to own a thriving business with multiple income streams. This turnkey sale includes the bar/restaurant, (liquor license is negotiable), real estate, and equipment.
The well-maintained three-story building features:
A first-floor restaurant & bar with a strong customer base and a reputation for great food.
Five apartments on the second and third floors, providing steady rental income.
A shared parking lot with approximately 34 spaces, a valuable asset for both patrons and tenants.
All residential tenants are responsible for their own electric, keeping overhead costs low.
With a rich history and strong financial potential, this is an ideal investment for an owner-operator looking to continue the legacy of this landmark establishment. Don't miss this unique opportunity!
Financials available upon request.
Originally built around 1847, this historic property—formerly the William Penn Lodge and now known as The Ironstone—offers a rare opportunity to own a thriving business with multiple income streams. This turnkey sale includes the bar/restaurant, (liquor license is negotiable), real estate, and equipment.
The well-maintained three-story building features:
A first-floor restaurant & bar with a strong customer base and a reputation for great food.
Five apartments on the second and third floors, providing steady rental income.
A shared parking lot with approximately 34 spaces, a valuable asset for both patrons and tenants.
All residential tenants are responsible for their own electric, keeping overhead costs low.
With a rich history and strong financial potential, this is an ideal investment for an owner-operator looking to continue the legacy of this landmark establishment. Don't miss this unique opportunity!
Financials available upon request.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,105 SF
Building Class
C
Year Built
1900
Price
$750,000
Price Per SF
$92.54
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.02
Lot Size
0.18 AC
Zoning
COMM - Mixed-Use property, featuring both a first-floor restaurant/bar and multiple apartments on the upper floors.
Parking
25 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
54’ on E Philadelphia Ave
PROPERTY TAXES
| Parcel Number | 33-5387-20-90-3811 | Improvements Assessment | $121,300 |
| Land Assessment | $80,000 | Total Assessment | $201,300 |
PROPERTY TAXES
Parcel Number
33-5387-20-90-3811
Land Assessment
$80,000
Improvements Assessment
$121,300
Total Assessment
$201,300
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