Boyertown, PA 19512 120 E Philadelphia Avenue

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Presented By: Compass Pennsylvania, LLC
  • MLS# PABK2053926
  • 02/22/2025
  • Request Tour
  • Request Info
  • SQFT • 6,144

Home Details

Own a Piece of History Turnkey Bar/Restaurant with Apartments Originally built around 1847, this historic propertyformerly the William Penn Lodge and now known as The Ironstoneoffers a rare opportunity to own a thriving business with multiple income streams. This turnkey sale includes the bar/restaurant, (liquor license is negotiable), real estate, and equipment. The well-maintained three-story building features: A first-floor restaurant & bar with a strong customer base and a reputation for great food. Five apartments on the second and third floors, providing steady rental income. A shared parking lot with approximately 34 spaces, a valuable asset for both patrons and tenants. All residential tenants are responsible for their own electric, keeping overhead costs low. With a rich history and strong financial potential, this is an ideal investment for an owner-operator looking to continue the legacy of this landmark establishment. Don't miss this unique opportunity! Financials available upon request.
Presented By: Compass Pennsylvania, LLC

Interior Features for 120 E Philadelphia Avenue

Other Interior Features

Central Air Y/NNo
FlooringWood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 120 E Philadelphia Avenue

Acceptable FinancingConventional
AccessibilityNone
Building NameDURANGO
Business TypeRestaurant/Bar, Apartment Building
CityBOYERTOWN
Construction MaterialsBrick, Stone
Cool FuelNatural Gas
CoolingWall Unit
CountyBERKS
DirectionsPhiladelphia Ave, directly adjacent to the train station
Heating90% Forced Air
Location TypeDowntown
Lot Size Square Feet12632.40
Lot Size UnitsSquare Feet
MLS AreaBoyertown Boro (10233)
ModificationTimestamp2025-03-04T01:45:04
MunicipalityBOYERTOWN BORO
New ConstructionNo
Number Of Units Total6
OwnershipFee Simple
Possession31-60 Days CD
Price Per Sq Ft Total AG162.76
Property SubtypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNONE AVAILABLE
Tax Annual Amount10275.0
Tax Assessed Value201300.0
Tax Lot3811
Tax Year2025
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningCOMM

Exterior for 120 E Philadelphia Avenue

Building Area Total6144.00
Car Parking Spaces30
Foundation DetailsStone
InclusionsAll existing restaurant equipment and existing appliances in all apartments
Land Assessed Value80000.00
Lot Dimensions0.00 x 0.00
Lot Size Acres0.29
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPrivate
Road ResponsibilityBoro/Township
Total Loading Docks0
Total Parking Spaces30
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,000,000
MLS#PABK2053926
List Date 02/22/2025
Property Type Commercial
Phone 703.929.4729
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