551 W King St, Lancaster, PA 17603

$1,900,000

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List Price
$1,900,000
Days on Market
178
Status
ACTIVE
MLS#
PALA2081314
Lot Size (Acres)
0.13
Year Built
1900
County
Lancaster
School District
School District Of Lancaster

Property Description

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.

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

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Elite. Contact: 7175532500