534 E Allegany Avenue
Emporium Borough PA, PA 15834
- 1 bed
- 5 baths
- 4,200 sqft
- $41 per sqft
- 1847 build
- – on site
Built in 1847, this property has a rich history and character that is unmatched. The current business has been a staple of the community since 1957, ready for a new owner to take it to the next level. While this building needs some work, the potential rewards are well worth the investment. Located in the heart of the PA mountains and the PA Wilds known for hunting, fishing, and elk herds, the bar and restaurant have the potential to become a must-visit destination for locals & tourists alike. With the included liquor license and all equipment, you can hit the ground running and start generating income right away. The building has three apartments on the second floor, two can be renovated to become additional income-generating units. With some work, you can turn this property into a multi-stream investment that will pay dividends for years to come. You have the option of living in one of these apartments while you oversee the business. There is an attached garage at the rear of the building, rear deck off one apartment plus a 2nd floor covered front porch where you can relax after working in your dream venture. Off-street parking in the parking lot, as well as on street parking.
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Last updated Jan 8, 2024
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MLS# R1516220 —
Monthly cost estimate
Asking price
$175,000
| Expense | Monthly cost |
|---|---|
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$937
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| Taxes | $145 |
| Insurance | $48 |
| Utilities | $248 See report |
| Total | $1,378/mo.* |
| *This is an estimate |
Walk Score®
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Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/8/24
Jan 8, 2024
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Listed / Active | NYSAMLS | $175,000 |