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Hotel Loyal 615 Ligonier St 16,500 SF 100% Leased Retail Building Latrobe, PA 15650 $830,034 CAD ($50.31 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Liquor Lisense Included
  • Surface Lot and Street Parking
  • Equipment Included

EXECUTIVE SUMMARY

Interested pre-qualified parties only. Please provide proof of qualification. Includes building, restaurant, liquor license, and all equipment.

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
16,500 SF
Building Class
C
Year Built
1900
Price
$830,034 CAD
Price Per SF
$50.31 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.72
Lot Size
0.22 AC
Zoning
C-2 - C-2 General Commercial
Parking
10 Spaces (0.61 Spaces per 1,000 SF Leased)
Frontage
59’ on LIGONIER ST

AMENITIES

  • Signage
  • Air Conditioning

ABOUT 615 LIGONIER ST , LATROBE, PA 15650

The Hotel Loyal, a downtown Latrobe landmark for over 70 years, is ready to enter a new era as the family-owned business and property has been placed on the Real Estate Market by Scalise Real Estate’s Kevin Shivetts. Long regarded as “the place to go” in Latrobe for its signature pizza and sandwiches, the nostalgic charm of this unique property located in the First Ward has won over the hearts and souls of countless generations of “Loyal” customers. Repeat customers became friends and part of the “Loyal Family” where, just like “Cheers,” everybody knows your name. The Hotel Loyal was never just a place to grab a piece of pizza and a beer. It was a destination and now it can become your destination to begin a whole new chapter of history. Located at 615 Ligonier Street near the Conrail Train Station, the exterior of the building has its own distinctive architecture style while the interior claims a quaint charm highlighted by remarkable dark wood paneling throughout the restaurant and bar area. A one-of-its kind family operation since 1953, Janice and John Migyanka have painstakingly maintained a high level of quality food preparation unmatched only by the personal service they have showered on their clientele, whether long-time customers or first-time visitors. Pizza, either thick or thin, has always been its trademark offering, mainly because of the family’s special dough and sauce recipes. Down through the years, the business has continued to thrive as it has adapted to the changing times, adjusted its hours of operation, provided weekend entertainment, and expanded its menu to include wraps and wings, not to mention its popular take-out service. For someone looking to invest in a proven restaurant location or maybe establish their own dream business, the Hotel Loyal could be your destination.

Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Valley Dairy
Shop 'N Save Supermarkets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-03-06-0-196
Land Assessment
$11,300 CAD
Improvements Assessment
$42,857 CAD
Total Assessment
$54,157 CAD
  • Listing ID: 34049453

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: 615 Ligonier St, Latrobe, PA 15650

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