(EST. 700K) 2 story commercial building with a famous bar and an upstairs 2 bedroom apartment

Full Description

PLEASE READ THE ENTIRE Listing Property being relisted due to non payment PLEASE DONOT BID IF YOU DON'T HAVE FUNDS READY FOR CLOSING PAYMENT IS REQUIRED WITHIN 2 BUSSINES DAYS. NO EXCEPTIONS Amazing Commercial property on a huge lot with rooms for expansion. The bar has been open since 1940, but the previous owner passed away in 2024. it is a local favorite spot. there is also an upstairs 2 bedroom 2 bath apartment. Up for sale is as amazing investment opportunity with huge potential. Pros: Its a 2 story building with a 2200 sq ft bar and restaurant on the first floor, and a 990 sq ft 2 bed 2 bath apartment on the second floor with a separate entrance from the back. the property was well maintained as it has been open since 1940 till 2024. it a local favorite formally knows as Allibies Bar and Grill. reopening it will bring business immediately. Most equipment is already in the bar and comes with the sale. Lease for similar properties run around $6000-$8000 since the land on its own is over half acre with plenty of parking which is a big issue in the area. the land also backs into a creek. there is room to build more units on the lot for extra income. the land is zoned mixed use Commercial/residential. Empty commercial lots in the area are hard to find. especially that Downtown Uniontown, PA is only 7 minutes away from the bar. foundation and exterior are in good shape. County assessed at $100,000 due to current condition with $1500 yearly taxes. NO BACK TAXES OR LIENS. FREE AND CLEAR TITLE. Cons- roof needs to be replaced. I have contact for a local contractor who can do it for $12K. I was planning on working on it, but unfortunately I am not local so it makes it hard. once the roof is replaced, everything else shouldn't cost much, just standard rehab. I would estimate the entire project to cost anywhere between 60K-80K. A similar property is currently listed for $900,000 but it has an additional duplex building. Go visit the property if you wish before bidding but do not enter. Everything I know about the house is in the listing. The condition is as described and pictured. Special Warranty deed will be issued to the winning bidder. Property address: 603 Fairbank Herbert Rd, New Salem, PA 15468 Buyer pays = Winning bid +$5,000 Deed prep and recording fees+ 10% of purchase winning bid as buyer premium. ADDITIONAL TERMS OF SERVICE The Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.