120 E Philadelphia Ave
Description
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...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 Agent
![Nigel Richards]()
nigel.richards@compass.comP: (215)-327-5521
Property Details for 120 East Philadelphia Avenue
Property Details for 120 East Philadelphia Avenue
| Status | Coming Soon |
|---|---|
| Days on Market | - |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | - |
| Year Built | - |
| Lot Size | - |
| County | Berks County |
| Buyer's Agent Compensation | 2.5% |
Location
Payment Calculator
$4,030 per month
30 year fixed, 6.28% Interest
$3,706
$324
$0
Property Information for 120 East Philadelphia Avenue
- School District Name: BOYERTOWN AREA (BERKS PA)
- School District County ID: 300200397307
- MLS Area: Boyertown Boro (10233)
- Senior Community: No
- Total Finished SQFT: 5,990.00
- # Bathrooms Full: 5
- # Bathrooms Half: 2
Property History for 120 East Philadelphia Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 22, 2003 | Withdrawn BRIGHT #PABK319272 | $725,000 | — |
| Jul 8, 2003 | Listed (Active) BRIGHT #PABK319272 | $725,000 | — |
| Mar 25, 1999 | Closed (Public Record) Public Record #576101386 | $265,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/22/2003 | Withdrawn BRIGHT #PABK319272 | $725,000 |
| 07/08/2003 | Listed (Active) BRIGHT #PABK319272 | $725,000 |
| 03/25/1999 | Closed (Public Record) Public Record #576101386 | $265,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 120 East Philadelphia Avenue
Schools near 120 East Philadelphia Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Boyertown El School PublicK to 5 | ||
Boyertown Area Jhs-West Public6 to 8 | ||
Boyertown Area Senior High School Public9 to 12 | ||
Colebrookdale El School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.