3941 Chestnut StEmmaus, PA 18049

Property Details for 3941 Chestnut St

Year built

1992

Lot size

1.40 AC

Property size (Sq ft)

6,101 SF

Zone code

C

Property type

Retail properties

Property subtype

Turn key restaurants

APN

548480782229-1

APU

5484807822291

Description

This exceptional turnkey restaurant opportunity is located at 3941 Chestnut Street in Emmaus, Pennsylvania, 18049. The property boasts a substantial 6,326 square feet of space situated on a generous 1.4-acre lot. The building is zoned C (commercial) and enjoys a highly visible location at the well-lit intersection of Chestnut Street and Ramer Road, ensuring excellent exposure to potential customers. The interior offers ample seating for 187 diners, providing significant capacity for a thriving business. The asking price for this established restaurant is $1,750,000, translating to a price per square foot of $276.64. This represents a compelling investment in a well-established commercial location with significant potential for growth and profitability. The property's size and location make it ideal for a variety of restaurant concepts, offering a unique opportunity for an established operator or a new venture seeking a prime location in a thriving community. The standalone building provides ample space for both dining and operational needs, making it a truly turnkey operation. This is a rare opportunity to acquire a well-positioned, established restaurant in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,227,907

  6.5%

  $2,056,530

  7%

  $1,909,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,022,338

  Geo Method

  $2,008,835

• Alternative Use

  Use

  Valuation

  Residential

  $1,734,760

  Hospitality

  $1,589,030

  Educational

  $1,322,055

  Medical

  $1,367,522

  Retail

  $2,056,530

Location Insight

City

Emmaus

County

Lehigh

State

Pennsylvania

Latitude

40.5219

Longitude

-75.5188

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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