4476 Business 220Bedford, PA 15522

Property Details for 4476 Business 220

Year built

1953

Lot size

0.74 AC

Property size (Sq ft)

10,755 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

E.08-D.05-001

APU

E08D05001

Description

This exceptional 9,000 square foot mixed-use property, located at 4476 Business 220 in Bedford, Pennsylvania, presents a unique investment opportunity. Built in 1954 with multiple renovations, this single-story building sits on a 0.97-acre lot and boasts 100% occupancy. Currently operating as a full-service restaurant with a liquor license, it features a large kitchen, walk-in coolers and freezer, and a basement for ample storage. The spacious interior includes seating for approximately 250 patrons, multiple dining areas, a lounge, and banquet/meeting rooms. The property also benefits from a substantial parking lot. This established business, successfully operating for 65 years, offers a turnkey operation including all real estate, equipment, and the valuable liquor license. Its prime location at the Bedford Turnpike Interchange, directly between the turnpike and Interstate 99, ensures high visibility and traffic. The absence of zoning restrictions in Bedford Township provides flexibility for future uses. The seller will also consider a land lease. This is a rare opportunity to acquire a well-maintained, profitable property with significant potential for continued success or repurposing. The asking price is $1,545,000, with a price per square foot of $171.67.

• CAP approach

  CAP return

  Valuation

  6%

  $3,373,133

  6.5%

  $3,113,661

  7%

  $2,891,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,768,182

  Geo Method

  $5,418,894

• Alternative Use

  Use

  Valuation

  Residential

  $2,626,490

  Hospitality

  $2,405,850

  Educational

  $2,001,640

  Medical

  $2,070,479

  Retail

  $3,113,661

Location Insight

City

Bedford

County

Bedford

State

Pennsylvania

Latitude

40.0564

Longitude

-78.5104

Property Tax & Assessments

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