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    534 E Allegany Ave Emporium, PA 15834

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    For Sale
    $150,000

    Historic property with bar, restaurant, and apartment income potential.

    Lot size:
    0.20 Acres

    Property Features for 534 E Allegany Ave

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1847

    Source: Crown Realty Services Agent Anne Horning

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Bar, Restaurant, Apartments

    This historic property, constructed in 1847, offers a unique investment opportunity. The property includes a bar and restaurant, a community staple since 1957, with the potential to become a destination for both locals and tourists. The sale includes a liquor license and all necessary equipment. The building also features three apartments on the second floor, with two apartments that can be renovated for additional income. Located in the PA Wilds, an area known for hunting, fishing, and elk herds, the property is situated in the heart of the PA mountains. While the building requires some renovations, the potential for generating income is significant.
    Location Intelligence

    Current Use by Public Records

    Charley's Friendly Tavern American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Charley's Friendly Tavern, Emporium Moose Lodge 368

    Location Insight

    • Map
    • Local Demand
    City
    Emporium
    County
    Cameron
    State
    Pennsylvania
    Longitude
    -78.2254953
    Latitude
    41.509905

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    FAQs

    What type of property is this?
    Bar - Historic property with bar, restaurant, and apartment income potential.
    Where is this bar located?
    The property is located at 534 E Allegany Ave Emporium, PA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Established bar and restaurant business with existing liquor license and all equipment included for immediate operation.; - Located in the PA Wilds, a popular destination attracting both locals and tourists.; - Three apartments on the second floor offer potential for additional rental income (two require renovation).
    (814) 486-0313
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    534 E Allegany Ave Emporium, PA 15834
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