1655 Old Philadelphia PikeLancaster, PA 17602

Property Details for 1655 Old Philadelphia Pike

Year built

1967

Construction

FRAME

Lot size

2.30 AC

Property size (Sq ft)

19,724 SF

Zone code

C-2

Property type

Office properties

Property subtype

Other office properties

APN

310-85645-0-0000

APU

3108564500000

Description

This established Lancaster, PA restaurant, located at 1655 Old Philadelphia Pike, presents a unique opportunity for a seasoned restaurateur. The 3,653 square foot, single-story building boasts a loyal customer base and is situated in a high-traffic area along Old Philadelphia Pike in East Lampeter Township. The sale includes all furniture, fixtures, and equipment (FF&E), the trade name, and goodwill, offering a truly turnkey operation. The restaurant's capacity exceeds 150 guests, spread across multiple dining areas and a counter service area. The experienced kitchen and front-of-house staff ensure consistent high-quality food and excellent service. This prime location benefits from proximity to Harrisburg Area Community College (HACC) Lancaster Campus, with over 11,900 students and faculty, as well as a U-Gro Learning Center and High Steel, less than a mile away. Strong national retailers such as Weis, Dollar General, Burger King, Turkey Hill, Advance Auto Parts, and CVS Pharmacy are also nearby. The sale is for the business only, encompassing all assets; the leasehold interest is included, but the real estate is not. This presents a chance to immediately begin serving the community, with potential for growth by adding dinner service to the current menu. Financial details are available upon execution of a non-disclosure agreement. The permitted zoning is Mixed Use.

• CAP approach

  CAP return

  Valuation

  6%

  $3,044,400

  6.5%

  $2,810,215

  7%

  $2,609,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,512,427

  Geo Method

  $1,240,837

• Alternative Use

  Use

  Valuation

  Residential

  $3,484,666

  Hospitality

  $3,191,936

  Educational

  $2,655,653

  Medical

  $2,746,985

  Retail

  $4,131,016

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0395

Longitude

-76.2665

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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