Property summary
This exceptional turnkey hospitality business, located at 101 Washington Street in the revitalized downtown Johnstown, Pennsylvania, presents a unique investment opportunity. Priced at $172,500, this property includes a bustling bar and restaurant with a newly added second-floor kitchen, perfect for expanding operations or creating additional revenue streams. The property also boasts a newer outdoor pavilion, ideal for hosting live music and events, extending the entertainment options and increasing customer capacity. Recent improvements include a new metal roof and a refreshed facade, ensuring the building is well-maintained and aesthetically pleasing. Ample parking is readily available on the adjoining lot, a significant advantage in a busy downtown area. The sale includes not only the building and land but also the existing liquor license, all equipment, furniture, and fixtures, making this a truly seamless transition for a new owner. The unique open-air patio extends the licensed area outdoors, providing additional seating and ambiance. This property is situated in a thriving area of Johnstown, benefiting from the ongoing revitalization efforts in the historic downtown. All prospective buyers will need to sign a non-disclosure agreement before receiving financial details. This is a rare opportunity to acquire a well-established and profitable business in a prime location. Don't miss out on this chance to own a piece of Johnstown's vibrant hospitality scene.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising
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Bar & Pub
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General Contractor Renovation Specialist
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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