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Listed price in listed location currency (USD).
$999,999

29122

MLS® 777728

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 18056 sqft
Garage 
Taxes $10,754
Days Active 0
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $55
MLS® Number 777728

Property Address: 62 Broadway, Bangor, PA, 18013-2638

Average square foot calculated using Size range provided by listing agent.

Description

Unlock the potential of this unique mixed-use investment opportunity in the heart of Bangor, Pennsylvania. This landmark property features approximately 29 room-rental units, a spacious bar and restaurant totalling approximately 4, 064 sq ft, and a valuable hotel liquor license that creates multiple avenues for income and future growth. At current room rental rates of approximately $600 per month, the 29 rooms have the potential to generate roughly **$23, 400 per month ($280, 800 annually)** once renovated and stabilised. The restaurant and bar operation previously generated approximately **$1 million in annual gross revenue** when owner-operated. The business is currently manager-run, providing flexibility for an owner-operator seeking to maximize profits or for an investor who prefers a more passive approach. Alternatively, lease the restaurant and bar space to an experienced operator and enjoy steady rental income while focusing on the lodging component.While the rooming units require renovation, the upside is substantial and well worth the investment. There are engineer drawings available for 13 residential apartments, creating an exciting value-add opportunity. With projected market rents ranging from **$1, 600 to $1, 800 per month per unit**, the apartment conversion presents the potential for significant long-term cash flow and appreciation.Strategically located in the growing Slate Belt region, Bangor continues to benefit from increased tourism, local economic activity, and its proximity to the Delaware Water Gap, Lehigh Valley, and major transportation corridors. Whether you envision a boutique hotel, workforce housing, apartment conversion, hospitality destination, or a combination of all three, this property offers multiple exit strategies and tremendous upside potential. Opportunities of this scale are rarely available. Investors, developers, and hospitality operators alike will recognize the value of acquiring a property with existing lodging infrastructure, a restaurant and bar component, a hotel liquor license, and a clear path to future redevelopment and increased income.
MLS® Number777728
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
DrivewayOff Street, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 31, 2026List Date
$999,999List Price
  • Commute

Commute

Starting Address
Destination Address
62 Broadway, Bangor, PA

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