1650 Crooked Oak DrLancaster, PA 17601

Property Details for 1650 Crooked Oak Dr

Year built

2006

Construction

BRICK

Property size (Sq ft)

12,738 SF

Zone code

I-1

Property type

Office properties

APN

390-77865-1-0003

APU

3907786510003

Description

This exceptional turnkey restaurant opportunity in Lancaster, Pennsylvania, presents a rare chance to acquire a thriving business. Located at 800 Lititz Pike, this 4,312 square foot establishment sits on a 2.346-acre lot and boasts ample parking for over 120 vehicles, ensuring convenient access for patrons. Built in 1988, the building is zoned (LC) Local Commercial and offers a spacious interior capable of seating over 200 diners. The fully operational kitchen is equipped with a comprehensive array of commercial-grade appliances, including stoves, fryers, freezers, refrigerators, and dishwashers. All necessary tableware, including silverware, flatware, glassware, and stemware, along with pots and pans, are included in the sale. Streamlining operations, the restaurant features a fully automated table ordering system. A liquor license is available for purchase with the real estate or separately, providing flexibility for the new owner. The property's address is 1650 Crooked Oak Dr, Lancaster, PA 17601, and its APN is 600-27212-0-0000. This is a remarkable opportunity for an experienced restaurateur or a savvy investor looking to enter the thriving Lancaster food scene. The property's size, ample parking, and existing infrastructure provide a solid foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,966,110

  6.5%

  $1,814,871

  7%

  $1,685,237

• Comparable approach

  Method

  Valuation

  Relative Method

  $976,744

  Geo Method

  $801,348

• Alternative Use

  Use

  Valuation

  Residential

  $2,250,440

  Hospitality

  $2,061,391

  Educational

  $1,715,053

  Medical

  $1,774,036

  Retail

  $2,667,860

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0688

Longitude

-76.2915

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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