51 East Main St, North East, PA 16428
For Sale
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This exceptional property, the former Grape Arbor Inn, presents a unique investment opportunity in the heart of Pennsylvania's wine country. Located at 51 and 55 E Main St, North East, PA 16428, this meticulously renovated (2024) estate boasts two historic buildings (11,074 sq ft total) constructed in 1832, situated on a 0.55-acre lot. Currently vacant, the property offers immediate occupancy starting August 19, 2024. The two-unit apartment building features 10 bedrooms and 8.5 bathrooms, many as private suites, perfect for a bed and breakfast or Airbnb operation. The spacious kitchen and sunroom are ideal for entertaining. High ceilings, abundant natural light, central AC and forced air heat provide modern comfort, while original features like stained glass windows, staircases, and fireplaces retain the property's historic charm. Zoned C-1, this property offers flexibility for various uses, including its original single-family residence configuration. The asking price is $900,000 ($450,000 per unit, $81.27 per sq ft). This prime location is within walking distance of restaurants and shops, and minutes from Freeport beach and the North East marina. Don't miss this chance to own a piece of Pennsylvania history.
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Episcopal Church of Holy Cross Church
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The Colonial Manor Hotel & Motel Resort
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Grape Arbor Bed and Breakfast Bed & Breakfast Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C1 · North East, PANorth East. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.