120 E Philadelphia Ave

Highlights:

• Days on Market: 129
• Parking Features: Private
• Heating: 90% Forced Air

Description:

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.