51 Main StNorth East, PA 16428

For Sale
$900,000

Charming 2-unit Inn, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional property, the former Grape Arbor Inn, presents a unique investment opportunity in the heart of Pennsylvania's wine country. Located at 51 and 55 E Main St, North East, PA 16428, this meticulously renovated (2024) estate boasts two historic buildings (11,074 sq ft total) constructed in 1832, situated on a 0.55-acre lot. Currently vacant, the property offers immediate occupancy starting August 19, 2024. The two-unit apartment building features 10 bedrooms and 8.5 bathrooms, many as private suites, perfect for a bed and breakfast or Airbnb operation. The spacious kitchen and sunroom are ideal for entertaining. High ceilings, abundant natural light, central AC and forced air heat provide modern comfort, while original features like stained glass windows, staircases, and fireplaces retain the property's historic charm. Zoned C-1, this property offers flexibility for various uses, including its original single-family residence configuration. The asking price is $900,000 ($450,000 per unit, $81.27 per sq ft). This prime location is within walking distance of restaurants and shops, and minutes from Freeport beach and the North East marina. Don't miss this chance to own a piece of Pennsylvania history.

Highlights

  • Flexible zoning allows for continued use as an Airbnb, conversion to a bed and breakfast, or reversion to a single-family residence (SFR).
  • Prime location with high rental demand.
  • Strong potential for significant ROI.
  • Well-maintained property in excellent condition.

Property Details for 51 Main St

Property type
Multifamily properties, Apartment buildings
Square Feet
11,074 SF
Year Built/Renovated
1832/2024
Buildings
2
Stories
2
Lot Size (sq. ft)
23,958 SF
Units
2

Location Insight

City
North East
County
Erie
State
Pennsylvania
Latitude
42.216848445876
Longitude
-79.831663269803
51 Main St, North East, Pennsylvania

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51 Main St
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