222 Main StGirard, PA 16417

Property Details for 222 Main St

Year built

1900

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

2,508 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

23-011-025.0-014.00

APU

23011025001400

Description

This exceptional business opportunity presents a chance to own the historic Girard Diner, located at 222 Main Street in Girard, Pennsylvania. The property boasts a substantial 2,508 square feet of space, perfectly suited for continued operation as a thriving restaurant. Included in the sale is all existing restaurant equipment, representing a significant value and eliminating the need for costly start-up investments. The property also features a conveniently located upstairs apartment, offering versatile options. This space could serve as additional living quarters for the owner-operator, providing a comfortable and convenient location for managing the business. Alternatively, the apartment could generate supplemental income through rental, further enhancing the property's profitability. The 0.07-acre lot provides ample space for outdoor seating or potential expansion. The asking price of $169,900 reflects a recent significant price reduction, making this a compelling investment opportunity for a savvy entrepreneur seeking a well-established, turn-key restaurant business with added income potential. The property's prime location on Main Street in Girard ensures high visibility and accessibility for customers. This is a rare chance to acquire a piece of Girard's history and build upon its established success. Don't miss this opportunity to own a thriving business with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $663,248

  6.5%

  $612,229

  7%

  $568,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,188

  Geo Method

  $591,188

• Alternative Use

  Use

  Valuation

  Residential

  $516,438

  Hospitality

  $473,054

  Educational

  $393,576

  Medical

  $407,111

  Retail

  $612,229

Location Insight

City

Girard

County

Erie

State

Pennsylvania

Latitude

41.9999

Longitude

-80.3192

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].