551 W KING ST, Lancaster, PA 17603
551 W KING ST, Lancaster, PA 17603
551 W KING ST, Lancaster, PA 17603
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Christen Tribbitt • Keller Williams Elite
$1,900,000
Est. payment /mo
5,663 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALA2094778

Year Built 1900

Annual Tax Amount $16,927

Tax Year 2025

Lot Size 5,663 Sqft

Acres 0.13

Property Sub-Type Mixed Use

Source BRIGHT

Property 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.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning R4

Interior

Hot Water Natural Gas, Instant Hot Water, Tankless, 60+ Gallon Tank

Heating Baseboard - Electric, Central, Heat Pump(s)

Cooling Central A/C, Ceiling Fan(s), Window Unit(s)

Flooring Tile/Brick

Inclusions FF&E, R Liquor License

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 40.0

Water Access N

Roof Type Rubber,Shingle

Accessibility 2+ Access Exits, 32\"+ wide Doors, 36\"+ wide Halls, Grab Bars Mod

Total Parking Spaces 40

Garage N

Building

Lot Description Additional Lot(s)

Foundation Block, Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 335-90274-0-0000

Ownership Fee Simple

Security Features Carbon Monoxide Detector(s),24 hour security,Electric Alarm,Exterior Cameras,Fire Detection System,Main Entrance Lock,Monitored,Motion Detectors,Security System,Smoke Detector

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader RSRS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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