124 Main StEphrata, PA 17522

Property Details for 124 Main St

Year built

1993

Construction

BRICK

Lot size

0.30 AC

Property size (Sq ft)

73,074 SF

Zone code

CB

Property type

Office properties

APN

260-60091-0-0000

APU

2606009100000

Description

This exceptional restaurant opportunity is located at 124 East Main Street in Ephrata, Pennsylvania, within the vibrant Brossman Business Center. Boasting approximately 5,000 square feet of usable space, this single-tenant property offers a fully equipped restaurant, bar area, spacious kitchen, ample common area seating, and restrooms. Floor-to-ceiling windows provide breathtaking views, enhancing the dining experience. The property also includes an on-site event venue, presenting a unique opportunity to generate additional revenue through catering and hosting events. Benefit from excellent visibility to over 14,000 vehicles daily, a built-in customer base from neighboring offices and Airbnbs, and convenient free parking for staff and guests in the Brossman lots and on the street. The monthly rent of $5,000 includes real estate taxes, property insurance, common area maintenance (CAM), and existing furniture, fixtures, and equipment (FF&E). Tenant responsibilities include electricity, gas, water/sewer, and the maintenance/repair of kitchen equipment and FF&E. The landlord is willing to acquire a liquor license if desired by the tenant. This is a turnkey operation in a high-traffic area with significant potential for success. Further details are available in a brochure.

• CAP approach

  CAP return

  Valuation

  6%

  $11,278,972

  6.5%

  $10,411,359

  7%

  $9,667,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,603,280

  Geo Method

  $9,547,849

• Alternative Use

  Use

  Valuation

  Residential

  $12,910,085

  Hospitality

  $11,825,568

  Educational

  $9,838,734

  Medical

  $10,177,103

  Retail

  $15,304,697

Location Insight

City

Ephrata

County

Lancaster

State

Pennsylvania

Latitude

40.1773

Longitude

-76.1749

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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