220 5th Street
Freeport, PA, 16229 $ 400,000
Bedrooms-- Baths-- Monthly Estimate*
$ 2,463
for $400,000. The lot size is 0.2.
Calling all entrepreneurs, investors, and anyone who has ever said, “You know what this town needs?” Here is your chance to own the iconic Lock 5 Tavern in the heart of Freeport, PA. This well-known local tavern sits just steps from the river and brings together something every commercial buyer loves: location, real estate, business potential, and room to grow. The main tavern offers a lively, established setting with plenty of character, community recognition, and an upstairs game room that could be used for events, private parties, leagues, live entertainment, or expanded seating. But wait, because this one is not just a bar with a beer cooler and a dream. Included with the sale are two additional parcels, including the lot beside the bee mural and a separate lot with a modern 4-stall garage, opening the door for additional parking, storage, rental income, expansion, outdoor seating, food truck events, or future development opportunities. Recent improvements add serious value, including a new metal roof, on-demand hot water, updated electrical in the bar and garage, a new block wall on the garage, updated flooring, newer coolers, and a high-efficiency furnace. The heavy lifting has already been started, which means the next owner can focus on vision, growth, and making money instead of chasing problems with a wrench. Whether you are looking to operate a hometown tavern, expand a hospitality portfolio, create an event-friendly destination, or invest in a Freeport property with multiple income possibilities, Lock 5 Tavern is full of potential. Iconic name, river-town charm, multiple parcels, garage space, and room for creativity. This is not just a bar, it is a business opportunity with personality.
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FeaturesGeneralUtilities Electricity Available Natural Gas Available Sewer Available Water Available
Zoning Com
Property Subtype Business
Business Type Bar/Tavern/Lounge Restaurant
County Armstrong
Property Type Commercial Sale
Status Active
City Freeport Boro
Zoning Description Com
MLS Area Freeport Boro
Lot Size Units Acres
Tax Annual Amount 2471
MLS Area Minor Freeport Boro
Standard Status Active
Tax Assessed Value 13750
Property Sub Type Additional Business Other
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ExteriorLot Size Area 0.2
Lot Dimensions .2 acres
Lot Size Acres 0.2
Road Frontage Type City Street
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* Excluded FeaturesList Byrealtor.tarasmith3@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,463
- Monthly Property Taxes
- $206
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Freeport, PA
Average List Price $400,000
Percent of Sale Price 0%
About Freeport, PA 1,685 Population
-14% Since 2002
$ 43,750 Median Income
42.18 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/24/2025 | $400,000 | -11.11% | Price Down |
| 11/3/2025 | $450,000 | | Listed Price |