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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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