This well-established bar/restaurant is a turn-key operation and a perfect opportunity for an owner to take advantage of this premier location. This sale does include the liquor license. They also acquired the amusement & Sunday sales permit. This property located outside of Smethport has always been an established business and throughout the years has served the community well. The prime retail oasis boasts is the road frontage on an acre of land with ample parking for several vehicles and is centrally located in a high traffic area, neighboring a large refinery factory for clientele as well as a short distance to Smethport, Bradford, Olean, NY and Interstate 86. This is a profitable bar/restaurant PLUS rental apartment income. The real estate includes 4 bedroom apartment on the second level for the owner for additional income, a consistent revenue. Multiple revenue stream includes: bar, dining, pool & dart leagues and gaming. The building consists of the horseshoe bar, dining area, large kitchen, walk in beer cooler, one walk-in cooler and one walk-in freezer and several storage areas. There are separate entrance for each sections which gives privacy for the dining area. This business is well-known for their weekend specials and leagues. Priced to sell including liquor license, inventory and all the furniture, fixtures and equipment that is owned by the current owners. Please contact the listing office for a detailed copy of list of inventory. This business is a great opportunity for an owner/operator to run as is and possibly to expand further into events, live entertaining and catering or a buyer may have ideas of their own for the real estate/business.
Sold for $50,000
Tax assessed value
$50,000
4938 Route 46, Smethport, PA 16749
0beds
4,336sqft
SingleFamily
Built in 1948
1.03 Acres Lot
$50,700 Zestimate®
$12/sqft
$-- Estimated rent
Home value
$50,700
Estimated sales range
Not available
Not available
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Interior area
- Total interior livable area: 4,336 sqft
Property
Lot
- Size: 1.03 Acres
Details
- Parcel number: 24,00442000
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1948
Community & HOA
Location
- Region: Smethport
Financial & listing details
- Price per square foot: $12/sqft
- Tax assessed value: $50,000
- Annual tax amount: $1,785
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Sold | $50,000+137.9%$12/sqft |
Source: Public Record Report a problem | ||
| 9/20/2023 | Sold | $21,017-90.4%$5/sqft |
Source: Public Record Report a problem | ||
| 2/1/2020 | Listing removed | $219,900$51/sqft |
Source: Howard Hanna - Smethport - Howard Hanna Professionals #11440 Report a problem | ||
| 10/23/2019 | Listed for sale | $219,900+266.5%$51/sqft |
Source: Howard Hanna - Smethport - Howard Hanna Professionals #11440 Report a problem | ||
| 10/3/2008 | Sold | $60,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,785 -47.8% | $50,000 -49.6% |
| 2024 | $3,417 | $99,210 |
| 2023 | $3,417 | $99,210 |
| 2022 | $3,417 +1.2% | $99,210 |
| 2021 | $3,375 | $99,210 |
| 2020 | $3,375 -5.2% | $99,210 |
| 2019 | $3,559 +11193.7% | $99,210 |
| 2018 | $32 | $99,210 |
| 2017 | -- | $99,210 |
| 2016 | $1,116 | $99,210 |
| 2015 | $1,116 | $99,210 |
| 2014 | $1,116 | $99,210 |
Find assessor info on the county website
Neighborhood: 16749
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Nearby schools
GreatSchools rating
- 6/10Smethport Area El SchoolGrades: PK-6Distance: 3.6 mi
- 6/10Smethport Area Junior-Senior High SchoolGrades: 7-12Distance: 3.7 mi
- Pennsylvania
- McKean County
- Smethport
- 16749
- 4938 Route 46