Average square foot calculated using Size range provided by listing agent.
Description
Historic Milroy Hotel/Bar with Income-Generating Apartments – 16, 000+ Sq Ft of Opportunity Welcome to a rare investment opportunity in the heart of charming Milroy! This historic 16, 000+ sq ft mixed-use property offers a turn-key bar and restaurant space, plus five residential apartments—four fully finished and rented, with one awaiting your custom design. The bar and dining area features seating for 50, a welcoming U-shaped bar, a pool table, and brand-new high-top tables. Serve up a small-plate menu with confidence using the brand-new UL-rated commercial kitchen, complete with a new hood, three bottle coolers, three freezers, and an ice machine. Upstairs, you'll find four apartments—two currently rented at $550/month and others $650/month, providing reliable income from day one. The fifth apartment is unfinished, offering you a blank canvas for additional value creation. Multiple storage rooms provide ample space for supplies or future expansion. Comfort is ensured year-round with central air for efficient cooling throughout. The property also features a large off-street parking lot—a major plus in this friendly small town setting. Whether you're looking to run a business, expand your investment portfolio, or live on-site while earning passive income, this property offers flexibility, history, and huge potential. Liquor license included. Recent appraisal completedShow Description
MLS® NumberPAMF2052358
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1878
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air, Propane - Leased
A/CCentral A/C, Electric
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing