BRODWAY PUB
About This Property for Sale
Marketing description
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 stabilisation, 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.
Investment highlights
• Historic Turn-of-the-Century Hotel, Restaurant & Bar Located in Downtown Bangor, PA
• Offered at $999,999 with Multiple Value-Add and Redevelopment Opportunities
• Approximately 29 Existing Room-Rental Units with Significant Upside Potential
• Potential Gross Room Rental Income of Approximately $280,800 Annually at Current Market Rates
• Spacious 4,064 SF Restaurant and Tavern with Commercial Kitchen
• Hotel Liquor License Included in Sale
• Elaborate Bar Area Seating Approximately 40 Guests
• Four Dining Rooms Accommodating Approximately 200 Patrons
• Two Dining Rooms Feature Gas Fireplaces and Historic Architectural Charm
• Restaurant and Bar Previously Generated Approximately $1 Million in Annual Gross Revenue When Owner-Operated
• All Furniture, Fixtures, and Equipment Included
• Flexible Ownership Structure: Owner-Operator, Hospitality Group, Investor, or Developer
• Conceptual Plans Available for Conversion to 13 Residential Apartments
• Projected Apartment Rents of $1,600–$1,800 Per Unit Per Month
• Existing Lodging Infrastructure Reduces Redevelopment Timeline and Costs
• Prime Location in the Growing Slate Belt Region Near the Delaware Water Gap and Lehigh Valley
• Convenient Access to Routes 191, 512, 33, I-78, and Other Major Transportation Corridors
• Multiple Exit Strategies Including Boutique Hotel, Extended-Stay Lodging, Workforce Housing, Apartment Conversion, Mixed-Use Redevelopment, or Hospitality Venue
• Rare Opportunity to Acquire a Historic Hospitality Asset with Immediate Income Potential and Long-Term Appreciation
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