406 BroadwayRed Lion, PA 17356

Property Details for 406 Broadway

Year built

1960

Lot size

0.35 AC

Property size (Sq ft)

4,008 SF

Zone code

RS

Property type

Turn key restaurants

APN

82-000-02-0195.00-00000

APU

820000201950000000

Description

This exceptional commercial property at 406 East Broadway in Red Lion, PA, offers a fantastic opportunity for a restaurant or retail business. The 4,000 square foot building, constructed in 1960 and extensively renovated in 2015, features a fully equipped, 2,500 square foot turnkey restaurant space previously used as a pizzeria. The space includes a large kitchen and prep area, two separate dining areas, and is ready for immediate occupancy. The existing kitchen equipment is a significant advantage, saving a new tenant considerable time and expense on build-out. The property is zoned commercial and located in York County on a high-traffic area of Route 74, experiencing 10,000 vehicles per day, ensuring high visibility and potential customer traffic. Ample parking is provided with 20 surface spaces. The 2,500 square feet of vacant space presents a unique opportunity for a business seeking a move-in ready location with established infrastructure. Flexible lease options are available. This property is ideal for a restaurant concept looking for a quick start in a thriving market. The combination of a prime location, existing infrastructure, and recent renovations makes this a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $909,393

  6.5%

  $839,440

  7%

  $779,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $774,476

  Geo Method

  $635,401

• Alternative Use

  Use

  Valuation

  Residential

  $708,099

  Hospitality

  $648,615

  Educational

  $539,640

  Medical

  $558,199

  Retail

  $839,440

Location Insight

City

Red Lion

County

York

State

Pennsylvania

Latitude

39.9014

Longitude

-76.5962

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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