62 Broadway, Bangor, PA 18013
Local realty services provided by:ERA One Source Realty
62 Broadway,Bangor Boro, PA 18013
$999,999
- 29 Beds
- 12 Baths
- 18,056 sq. ft.
- Multi-family
- Active
Listed by: preety minhas
Office: saffron real estate
MLS#:777728
Source:PA_LVAR
Price summary
- Price:$999,999
- Price per sq. ft.:$55.38
About this home
Opportunity knocks with this exceptional turn-of-the-century hotel, restaurant, and bar located in the heart of Bangor, Pennsylvania. Rich in character and historic charm, this landmark mixed-use property features approximately 29 room-rental units, a spacious 4,064-square-foot restaurant and tavern, a hotel liquor license, commercial kitchens, an elaborate bar seating approximately 40 guests, and four dining rooms accommodating approximately 200 patrons, including two elegant dining rooms enhanced by gas fireplaces. All furnishings are included, offering a true turnkey opportunity for investors, developers, or hospitality operators. Upon renovation and stabilization, the lodging component alone has the potential to generate approximately $23,400 per month based on current room rental rates, while the restaurant and bar operation previously produced approximately $1 million in annual gross revenue when owner-operated. The property offers tremendous flexibility—continue operating as a hospitality venue, lease the restaurant and bar to an experienced operator for passive income, or explore the substantial value-add potential through the owner's conceptual plans for conversion into 13 residential apartments, with projected rents ranging from $1,600 to $1,800 per month per unit. Strategically positioned in the growing Slate Belt region near the Delaware Water Gap, Lehigh Valley, and major transportation corridors, this rare offering presents multiple income streams, redevelopment possibilities, and long-term appreciation potential. Opportunities of this scale and versatility are seldom available. Business financial information and pre-approval are required with all offers." Listed for below Appraised Value As is appraised in Sept 2025 for $1405000."...
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Home facts
- Year built:1900
- Subdivision & Development:Not in Development
- Listing ID #:777728
- Added:81 day(s) ago
- Updated:August 20, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:29
- Total bathrooms:12
- Full bathrooms:12
- Living area:18,056 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Oil
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:18,056 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Brick
- Levels:3 or More Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$999,999
- Price per sq. ft.:$55.38
- Tax amount:$10,754
Parking
- Total parking spaces:2
- Parking description:Off Street, On Street
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