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.

Copyright 2026 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Greene Realty Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated June 9, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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Property Details of 120 E Philadelphia Avenue

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