1524 Walton Avenue, Altoona, PA 16602
sale
$775,000
|
Other
Courtesy Of RE/MAX POWER Associates
TURNKEY ENTERTAINMENT DESTINATION OWN THE VENUE. OWN THE CROWD. OWN THE INCOME - An established, well-known bar and restaurant situated on 1.07 acres along a high-traffic roadway is now available for its next owner. After decades of successful operation, this iconic, turnkey business offers immediate cash-flow potential with significant upside for an entrepreneurial buyer. PRIME LOCATION & REAL ESTATE ADVANTAGE - 1.07 acres of commercial property, High daily traffic exposure, Large private parking lot, Strong community recognition. The location itself generates visibility and repeat traffic, providing a built-in marketing advantage. HOTEL LIQUOR LICENSE INCLUDED -A major asset of this offering is the included Hotel Liquor License, allowing for full bar and restaurant operations, live entertainment, promotional events, and expanded service flexibility. This license enhances operational freedom and competitive positioning in the marketplace. BUILT FOR REVENUE & ENTERTAINMENT - Designed to maximize guest engagement and spending, the venue includes: Spacious dance floor, Elevated stage for live bands and DJs, Private VIP area, Main bar and illuminated side bar, Dedicated pool room, Fully equipped commercial kitchen. Multiple entertainment zones create layered revenue streams under one roof, keeping guests onsite longer and increasing per-visit sales. TRUE TURNKEY OPERATION - This is not a startup or renovation project. The sale includes: Kitchen equipment, Bar equipment, Fixtures and operational infrastructure, Established brand recognition, Decades of loyal patronage. An owner-operator can step in and continue operations immediately. ADDITIONAL INCOME STREAM - Included with the property are five boarding rooms generating consistent monthly income. This diversified revenue component provides financial stability beyond nightly bar and restaurant sales, strengthening overall cash flow. GROWTH & EXPANSION POTENTIAL - For the visionary buyer, the upside includes: Expanded live music and themed events, VIP memberships and private rentals, Catering and off-site services, Outdoor event development on the 1.07 acres, Enhanced digital marketing and brand expansion. The infrastructure is in place the next phase of growth is yours to create. IDEAL FOR: Experienced bar and restaurant operators, Nightlife entrepreneur, Hospitality investors, Owner-operators seeking independence, Buyers looking for income plus lifestyle opportunity. This offering combines real estate, licensing value, established reputation, and multiple income streams into one compelling investment. Opportunities like this rarely come to market especially with property, liquor license, equipment, and income-producing rooms included. Private tours available by appointment. Financial information available to qualified buyers. Step into ownership of a proven entertainment destination and continue its legacy of success.
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Property Features
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Vinyl Siding
- Exterior Type: Block
- Floors: 2
- Heating System: Forced Air
- Legal Description: 2006-23732
- MLSID: 96040019
- Parking Spaces: 50
- Roof Type: Flat
- Roof Type: Shingle
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