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About the Listing COMPASS1 - 3127727
Own a Piece of History – Turnkey Bar/Restaurant with Apartments Originally built around 1847, this historic 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, (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.
Listing Highlights for 120 E Philadelphia Ave
Status
Pending
Days on Site
620
Property Type
Commercial Sale
MLS ®
PABK2053926
Year Built
1900
Total Square Footage
6,144
Lot/Acreage
0.29
Interior Details
- Appliances:
- Air Cond: Wall Unit
- Heating: 90% Forced Air
- Fireplaces:
- Floor: Wood
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 30
- Lot Dimensions: 0.00 x 0.00
- Zoning: COMM
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $10,275
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
120 E Philadelphia Ave Boyertown, PA 19512
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