3 Story commercial investment property. 2 Storefronts, 5 apartments, and garage rented for storage. All units have long-term tenants. Property has been consistently maintained over the years. Put your money to work for you!
This current business has been a staple of the community since 1957 & is 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 all the potential to become a must-visit destination for locals and tourists alike. And with the included liquor license and all equipment, you can hit the ground running and start generating income right away. But that's not all - the building has three apartments on the second floor, two of which 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. And as the new owner, 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, and a rear deck off one apartment plus a 2nd floor covered front porch where you can relax after working in your dream venture. Plenty of off-street parking in the parking lot, as well as on street parking.
The median home value in Emporium, PA is $67,200. This is lower than the county median home value of $75,700. The national median home value is $338,100. The average price of homes sold in Emporium, PA is $67,200. Approximately 42.08% of Emporium homes are owned, compared to 40.86% rented, while 17.06% are vacant. Emporium real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Emporium real estate agent to arrange a tour today!
Emporium, Pennsylvania has a population of 1,934. Emporium is less family-centric than the surrounding county with 13.73% of the households containing married families with children. The county average for households married with children is 15.61%.
The median household income in Emporium, Pennsylvania is $31,889. The median household income for the surrounding county is $43,615 compared to the national median of $69,021. The median age of people living in Emporium is 46.9 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 16.4 degrees. The average rainfall is approximately 42.5 inches per year, with 38.9 inches of snow per year.