Address
534 E Allegany Avenue, Emporium Borough PA, PA
Price
$ 175,000
Property Attributes
  • MLS#R1516220
  • TypeSingle Family
  • CountyCAMERON-PA
  • CityEmporium Borough PA
  • AreaEmporium Borough PA
  • Zip15834
  • StyleMixedUse
  • Year Built1847
  • Taxes$ 1748
  • Price$ 175,000
  • Bedrooms1
  • Full Bathrooms3
  • Half Bathrooms2
  • Sqr Footage4200
Data Source:
Greater Rochester AOR (GRAR)
Property Description

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.

Price History
1/8/2024 Listed $175,000

General Features

Sewer Connected
Heating Gas,Baseboard,HotWater
Utilities SewerConnected,WaterConnected
Possession Negotiable
Appliances GasWaterHeater
Garage Spaces 1.0
Construction Materials VinylSiding
Year Built 1847
Stories 2
Township Not Applicable
Levels Two
Property SubType MixedUse
OwnerPays Other,SeeRemarks
Business Type Mixed
County Cameron-PA
Net Operating Income -1748.0
Property Type Residential
Garage Y/N Yes
Rent Includes Other,SeeRemarks
Status Active
Directions Located on Main Street at the East End of Town
City Emporium Borough PA
High School District Cameron County - PA
Zoning Description Commercial
Total Units 3
MLS Area Emporium Borough PA-790040
Waterfront Y/N No
Street Name Allegany
Year Built Details Existing
Tax Annual Amount 1748.0
Property Condition Resale
Days on Market 285
Standard Status Active
Middle/Junior School District Cameron County - PA
Elementary School District Cameron County - PA
Tax Assessed Value 19250
TaxOtherAnnualAssessmentAmount 0.0

Interior Features

Basement CrawlSpace
Flooring Other,SeeRemarks
Total Stories 2
Heating Y/N Yes
Fireplace Y/N No
Full Baths 3
Half Baths 2
Street Suffix Avenue
Total Bedrooms 1
Total Baths 5

Exterior Features

Parking Features Gravel
Water Source Connected,Public
Building Area Total 4200.0
Lot Dimensions 63X135
Lot Size Units Acres
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 15834

Price
AVG $160K
$180K
Taxes
AVG $2,397
$1,748
Visits
AVG 183
128
Data Provided by Inside Real Estate®
Year Built
AVG 1916
1847

Areas We Cover

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