Historic Turnkey Bar/Restaurant with
For Sale
$750,000
Pending
120 E PHILADELPHIA AVENUE, Boyertown, PA 19512
Thriving bar/restaurant with apartments and strong income potential.
Property SizeContact for details
Lot Size0.29 Acres
Days on Market542
Property Features for 120 E PHILADELPHIA AVENUE
General Information
Standard status
Pending
Lot size
0.29 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$10,275
Building Details
Year Built
1900
Listing Agency:
Compass RE
(267) 603-3611
Listed By:
Nigel T Richards · License #RS291337
(267) 603-3611
Source:
Exitrealty
Added: Feb 23, 2025
Changed: Aug 8
Last Checked: Jul 16 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass RE
Investment Insights
Based on property information with market context.
Originally built around 1847, this historic three-story 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, real estate, and equipment. The first floor features a restaurant and bar with a strong customer base and a reputation for great food. Five apartments are located on the second and third floors, providing steady rental income. A shared parking lot with approximately 34 spaces serves both patrons and tenants. All residential tenants are responsible for their own electric. This is an ideal investment for an owner-operator looking to continue the legacy of this landmark establishment. The intended use of the property is for a bar and restaurant with apartments.
Key Highlights
- Turnkey bar/restaurant business with real estate and equipment included.
- Five apartments on the second and third floors provide rental income.
- Shared parking lot with approximately 34 spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19512, PA
16,928
Population
6,726
Households
2.5
Avg Household Size
46
Median Age
23%
College-Educated
91%
High-School Grad
43.3 sq mi
ZIP Area
391
Density / Sq Mi
$76,036
Median Household Income
$49,954
Median Earnings
$1,146
Median Rent
$247,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Similar Off Market Nearby
- Iezzi's on 3rd — 61 S Reading Ave #1437, Boyertown, PA 19512
- Best place on earth — 45 Stauffer Dr, Boyertown, PA 19512
- Boyertown Beverage Co — 51 E 2nd St #1501, Boyertown, PA 19512
- The IronStone — 120 E Philadelphia Ave, Boyertown, PA 19512
- Frecon Farms — 501 S Reading Ave, Boyertown, PA 19512
Frequently Asked Questions
What type of property is this?
Bar & Pub - Thriving bar/restaurant with apartments and strong income potential.
Where is this bar & pub located?
The property is located at 120 E PHILADELPHIA AVENUE Boyertown, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Turnkey bar/restaurant business with real estate and equipment included.; Five apartments on the second and third floors provide rental income.; Shared parking lot with approximately 34 spaces.
