CHARIS REALTY GROUP

551 W KING STREET

LANCASTER, PA 17603

MLS#: PALA2094778

$1,900,000

Status: Active
Listing number: PALA2094778
Listing provided by: Keller Williams Elite
Listing agent phone: None
Last update: 2 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

11,000

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Central, Baseboard, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Other

  • Parking

    On Street, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.13

  • Lot Size(square feet)

    5,663

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,900,000

  • Tax Amount

    $16,927

  • Sq. Footage

    11,000

  • Price/SqFt

    $172

HOA

  • Association

    N/A

  • Total Monthly Fees

    true

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Accessibility Features

    Accessible Doors, Accessible Hallway(s), Grip-Accessible Features

  • Foundation Details

    Block, Stone

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

LANCASTER

Elementary School

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Listing Courtesy of Christen Tribbitt, Keller Williams Elite

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Agent Randy Perrell

Salesperson, Realtor

Randy Perrell

Call Randy today to schedule a private showing.

(301) 305-5383

randy@wolfeteam.net


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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.

551 W KING STREET

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