83 Market StMillerstown, PA 17062

Property Details for 83 Market St

Lot size

0.32 AC

Zone code

RES

Property type

Retail properties

Property subtype

Turn key restaurants

APN

170,020.01-014.000

APU

17002001014000

Description

This exceptional turnkey opportunity presents a rare chance to acquire a thriving full-service restaurant and bar situated at 83 N Market Street in Millerstown, Pennsylvania. The property boasts a highly visible location, ensuring consistent customer traffic. The building encompasses 2,000 square feet and sits on a 0.32-acre lot, providing ample space for both indoor and potential outdoor seating or expansion. The sale price of $399,900 includes all fixtures, furniture, and equipment (FF&E), a significant advantage for a seamless transition. Perhaps most importantly, the sale also includes the existing liquor license, eliminating a major hurdle and saving considerable time and expense for the new owner. This established business is ready for immediate operation, representing a truly turnkey investment with significant potential for continued success. The property's prime location in Millerstown offers easy access to local residents and tourists alike, contributing to its strong performance history. This is a unique opportunity to step into a profitable, established business with minimal upfront effort. The existing infrastructure and operational setup are in place, allowing for immediate revenue generation. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $3,509,003

  6.5%

  $3,239,080

  7%

  $3,007,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,284,402

  Geo Method

  $2,209,794

• Alternative Use

  Use

  Valuation

  Residential

  $2,732,285

  Hospitality

  $2,502,758

  Educational

  $2,082,266

  Medical

  $2,153,878

  Retail

  $3,239,080

Location Insight

City

Millerstown

County

Perry

State

Pennsylvania

Latitude

40.5548

Longitude

-77.1593

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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