1327-1331 W Chew Street

Description

1327-1331 W Chew St is a 48-bed mixed-use asset in Allentown, PA.1327"1331 W Chew Street is comprised of 48 bedrooms and nine bathrooms. The property includes a commercial lease for the ground-floor bar/restaurant space, offering stable income at $3,500 per month. The tenant is responsible for 100 percent of the common area maintenance. Importantly, the lease contains a clause requiring the liquor license to revert to the landlord for $1.00 at lease expiration, preserving long-term asset value.The property holds a Pennsylvania Hotel Liquor License (H License), which permits alcohol sales tied to lodging but carries room-count requirements and limited flexibility. Under Act 125, qualifying H licenses with a room exemption filed before January 1, 2019, may be converted into a more valuable and transferable Restaurant Liquor License (R License) through the PLCB+ system for a $30,000 fee. R licenses offer broader use, fewer restrictions, and greater market appeal to bars and restaurants. If eligible and in good standing, the conversion is administrative and typically completes within a few months. This upgrade can significantly enhance the property's income potential, tenant options, and overall asset value.