551 W King St, Lancaster, PA 17603
- $1,900,000
- List Price
- $1,900,000
- Days on Market
- 8
- Status
- ACTIVE
- MLS#
- PALA2094778
- Lot Size (Acres)
- 0.13
- Year Built
- 1900
- County
- Lancaster
- School District
- School District Of Lancaster
Property Description
Instant Equity! Listing price is based off of 2024 appraised value!! Turnkey opportunity to acquire a well-known restaurant and bar in bustling downtown Lancaster. Located on high-traffic West King Street, this recently renovated and remodeled space features a popular New American menu, strong bar program with 24 beers on tap, and reputation for dining, nightlife, and live entertainment. The venue offers multiple revenue streams, high visibility, and an established customer base. Ideal for an owner-operator or investor seeking immediate cash flow with potential for growth through expanded programming, private events, or rebranding. Prime location in a thriving urban market. Sale also includes one residential apartment, an additional parking lot parcel (619-621 Marietta Ave, Parcel ID 335-70501-0-0000) and an R liquor license. Located within Lancaster City's CRIZ (City Revitalization & Improvement Zone), this property may offer valuable redevelopment and investment opportunities while benefiting from its prime downtown location. Buyers should conduct their own due diligence regarding CRIZ eligibility and potential incentives. Licensed PA Realtor is also part owner, Agent related to owner(s). ***Business is still operating, please do not approach management or staff with inquiries.
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Additional Information
- Area
- Lancaster City (10533)
- Taxes
- $16927
- School District
- School District Of Lancaster
- Flooring
- Tile/Brick
- Heating
- Baseboard - Electric, Central, Heat Pump(s)
- Heating Fuel
- Natural Gas, Electric
- Cooling
- Central A/C, Ceiling Fan(s), Window Unit(s)
- Roof
- Rubber, Shingle
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Elite. Contact: 7175532500
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