$1,900,000
( $172.73Per Sq Foot )
 $10,200 est/mo Sourced by Back At You

551 W King St,LANCASTER, PA 17603

LANCASTER, PA 17603

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Description

Instant Equity! Listing price is based off of 2024 appraised value!! Turnkey opportunity to acquire a well-known restaurant and bar in bustling downtown Lancaster. Located on high-traffic West King Street, this recently renovated and remodeled space features a popular New American menu, strong bar program with 24 beers on tap, and reputation for dining, nightlife, and live entertainment. The venue offers multiple revenue streams, high visibility, and an established customer base. Ideal for an owner-operator or investor seeking immediate cash flow with potential for growth through expanded programming, private events, or rebranding. Prime location in a thriving urban market. Sale also includes one residential apartment, an additional parking lot parcel (619-621 Marietta Ave, Parcel ID 335-70501-0-0000) and an R liquor license. Located within Lancaster City's CRIZ (City Revitalization & Improvement Zone), this property may offer valuable redevelopment and investment opportunities while benefiting from its prime downtown location. Buyers should conduct their own due diligence regarding CRIZ eligibility and potential incentives. Licensed PA Realtor is also part owner, Agent related to owner(s). ***Business is still operating, please do not approach management or staff with inquiries.

Details

MLS #PALA2094778
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1900
Days On Site73
Listing Provided ByKeller Williams Elite | Christen Tribbitt

Features

ZoningR4
Acreage0.13

Interior

CoolingCentral A/C, Ceiling Fan(s), Window Unit(s)
Heating Yes / NoYes
HeatingBaseboard - Electric, Central, Heat Pump(s)

Exterior

RoofRubber, Shingle
Security FeaturesCarbon Monoxide Detectors, 24 hour security, Electric Alarm, Exterior Cameras, Fire Detection System, Main Entrance Lock, Monitored, Motion Detectors, Security System, Smoke Detector
Construction MaterialsBrick, Mixed, Other
Foundation DetailsBlock, Stone
Lot FeaturesAdditional Lot(s)

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount16927

Area Information

StatePA
CountyLANCASTER PA
CityLANCASTER
Zip Code17603
AreaLancaster City (10533)
School DistrictSCHOOL DISTRICT OF LANCASTER
Listing VS Median (in 17603)
Price:
$1,900,000
low | high
Med:
$325,000
100% of Average
On site:
73
low | high
Med:
94
77.659574468085% of Average
Sourced by Back At You

Market Activity 17603

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Additional Information

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Contact

Learn More About This Property

Pat Foley

Pat Foley

Class Harlan Real Estate

RS139911A (215) 350-2721patfoleyrealtor@gmail.com
StatePA
CountyLANCASTER PA
CityLANCASTER
Zip Code17603
AreaLancaster City (10533)
School DistrictSCHOOL DISTRICT OF LANCASTER
Listing VS Median (in 17603)
Price:
$1,900,000
low | high
Med:
$325,000
100% of Average
On site:
73
low | high
Med:
94
77.659574468085% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.425M - $2.375M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
837 W 3RD ST Property Photo 1
$1,990,000
837 W 3rd St
Lansdale, PA 19446
Listing Updated: November 13, 2026 at 5:08:10 PM PST