09/02/2026
π¨ A JOHNSTOWN LANDMARK IS FOR SALE!
A rare opportunity to acquire one of Johnstownβs most recognizable properties has arrived.
Aceβs, a Johnstown tradition since 1953, is now being offered for sale at $550,000. The sale includes the real estate, Aceβs brand, equipment, and liquor license, creating an exceptional opportunity for an entrepreneur, hospitality operator, investor, developer, or owner-user.
Located in historic Cambria City, this substantial commercial offering includes properties at 312, 312R, 316 & 318 Chestnut Street, along with an attached parking area. The property features more than 18,000 square feet of existing building space, multiple event areas, two commercial kitchens, multiple bar and service areas, entertainment space, and on-site parking.
The expansive Main Ballroom currently has a capacity of 751, while the Chestnut Room has a capacity of 299, offering incredible flexibility for weddings, concerts, private events, catering, entertainment, and more.
But the opportunity doesn't end with the existing business. A new owner could continue and expand Aceβs established event and hospitality operations or reimagine the property for a completely new purpose. Former upper-level residential spaces also provide additional redevelopment potential.
The possibilities are substantial!
Current owners will continue to run the business until a new owner is found!
312, 312R, 316 & 318 Chestnut Street, Johnstown, PA - Asking Price: $550,000
π Contact CCN Real Estate LLC at 814-262-7970 for additional information and financial details.