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$750,000 Sale Pending

  • For Sale
  • Pending
  • Apartment
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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.

Full Property Details for 120 E Philadelphia Ave

General

  • Price: $750,000
  • Taxes: $10,275 (2025)
  • Status: Pending
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PABK2053926
  • Updated: 1/26/2026
  • Added to Site: 370 day(s) ago

Business

  • Business Type: Restaurant/Bar, Apartment Building

Interior

  • Flooring: Wood

Parking

  • Total Spaces: 30
  • Parking Features: Private
  • Parking Type: Parking Lot

Location

  • Area: Boyertown Boro (10233)
  • Municipality: BOYERTOWN BORO
  • County: BERKS
  • Building Name: DURANGO
  • Cross Streets: Reading Ave
  • Driving Directions: Philadelphia Ave, directly adjacent to the train station
  • Location Details: Downtown

Heating & Cooling

  • Cooling Type: Wall Unit
  • Cooling Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Stone
  • Foundation: Stone
  • Building Size: 6144
  • Year Built: 1900
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,632
  • Lot Size Source: Estimated
  • Zoning: COMM

Financial Considerations

  • Price Per Sq. Ft.: $122.07
  • Assessment Year: 2025
  • School Tax: $6,389
  • City/TownTax: $2,071
  • City/TownTax Freq: Annually
  • County Tax: $1,814
  • County Tax Freq: Annually
  • Tax w/Assessment: $201,300
  • Tax Amount: $10,275
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: All existing restaurant equipment and existing appliances in all apartments
  • Lot Number: 3811

Listed by Compass Pennsylvania, LLC, Nigel T Richards

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Listing agent

— 120 E Philadelphia Ave —

  • Nigel T Richards

    Compass Pennsylvania, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 120 E Philadelphia Ave

School District:Boyertown Area School District
NameGradesDistance
Boyertown Area Senior High School
120 Monroe Street, Boyertown, PA 19512
10-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 120 E Philadelphia Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2025
Price Reduced
$750,000
-16.2%
MLS
7/28/2025
Price Reduced
$895,000
-10.5%
MLS
2/22/2025
Listed
$1,000,000
111.42%
MLS
3/22/2022
Sold
$473,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 120 E Philadelphia Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,886
11%
$201,300
—
2024
$3,500
-62%
$201,300
—
2023
$9,303
8%
$201,300
5%
2022
$8,610
4%
$191,800
—
2021
$8,314
2%
$191,800
—
2020
$8,118
4%
$191,800
—
2019
$7,810
4%
$191,800
—
2018
$7,483
3%
$191,800
—
2017
$7,247
2%
$191,800
—
2016
$7,091
3%
$191,800
—
2015
$6,886
2%
$191,800
—
2014
$6,719
—
$191,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Compass Pennsylvania, LLC, Nigel T Richards

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120 E Philadelphia Avenue, Boyertown, PA 19512 (MLS# PABK2053926) is a Apartment property. 120 E Philadelphia Avenue is currently listed for $750,000 and was received on February 22, 2025. Want to learn more about 120 E Philadelphia Avenue? Do you have questions about finding other Apartment real estate for sale in Boyertown? You can browse all Boyertown real estate or contact a Coldwell Banker agent to request more information.

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