300 2Nd StHighspire, PA 17034

  • Turn key restaurants
  • 7,180 SF
For Sale
$1,390,000 View listing

Property Details for 300 2Nd St

Year built
1944
Construction
FRAME
Lot size
0.51 AC
Property size (Sq ft)
7,180 SF
Property type
Turn key restaurants
APN
30-012-013
APU
30012013

Description

This thriving 8,700 square foot mixed-use property, located at 300 2nd Street in Highspire, Pennsylvania (Dauphin County, zip code 17034), presents a unique investment opportunity. Currently operating as Champions Sports Bar, this established business includes a valuable Dauphin County liquor license, allowing for immediate operation. The property features a spacious layout encompassing a fully equipped kitchen, a large banquet/party room perfect for private events, and a stage and dance floor for entertainment. The building also boasts a sizable outdoor patio and entertainment area, ideal for warmer months. A prominent illuminated sign ensures high visibility from the heavily trafficked 2nd Street. Ample parking is available for patrons. The property sits on a corner lot at the intersection of 2nd and Lumber Streets. The commercial zoning allows for continued operation as a restaurant and bar, or potential for other permitted uses. The asking price is $1,390,000. The property's APN is 30-012-013 & 30-012-015. This turnkey operation offers a chance to acquire a successful, well-established business in a desirable Central Pennsylvania location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,704,391
    6.5%
    $1,573,284
    7%
    $1,460,907
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,652,998
    Geo Method
    $1,138,268
  • Alternative Use

    Use
    Valuation
    Residential
    $1,327,124
    Hospitality
    $1,215,638
    Educational
    $1,011,397
    Medical
    $1,046,180
    Retail
    $1,573,284

Location Insight

City
Highspire
County
Dauphin
State
Pennsylvania
Latitude
40.208
Longitude
-76.7878
CBSA code
25420
CBSA name
HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,321
$47,000
$238,300
$285,300
-
$47,000
$238,300
$285,300

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