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Tavern Restaurant in the PA Wilds 534 E Allegany Ave 4,200 SF Retail Building Emporium, PA 15834 $150,000 ($35.71/SF)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

Sale includes land & building, equipment, and liquor license. Located in the heart of the PA Wilds!

PROPERTY FACTS Under Contract

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,200 SF
Building Class
C
Year Built
1847
Price
$150,000
Price Per SF
$35.71
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Commercial - Zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services.
Parking
10 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
63’ on E. Allegany Ave

ABOUT 534 E ALLEGANY AVE , EMPORIUM, PA 15834

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2-52-0-254-000-000
Land Assessment
$2,050
Improvements Assessment
$17,200
Total Assessment
$19,250
  • Listing ID: 28501160

  • Date on Market: 5/16/2023

  • Last Updated:

  • Address: 534 E Allegany Ave, Emporium, PA 15834

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