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551 W King Street
Lancaster, PA 17603

$1,900,000 - Status: ACTIVE
Beds: 0
Baths:
MLS# PALA2094778

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.

Property Features

MLS#: PALA2094778
Zip: 17603
Subdivision:
Development: Lancaster City
Property Type: Commercial
Cooling: Central A/C, Ceiling Fan(s), Window Unit(s)
Days on Site: 3
Fuel Type: Natural Gas, Electric
Heating: Baseboard - Electric, Central, Heat Pump(s)
Lot Size: 0.13 acres
Roof Type: Rubber, Shingle
Taxes: $16,927
Year Built: 1900

Feature Descriptions

Accessibility: 2+ Access Exits,32"+ wide Doors,36"+ wide Halls, Grab Bars Mod
Exterior: Brick, Mixed, Other
Flooring: Tile/Brick
Lot Description: Additional Lot(s)
Lot Dimensions: 0.13 Acre(S)
Municipality: LANCASTER CITY
Sewer: Public Sewer
Total Garage/Parking Spaces: 40
Water: Public

Local Schools

School District: SCHOOL DISTRICT OF LANCASTER

551 W King Street | MLS# PALA2094778

This commercial property located at 551 W King Street , Lancaster, PA 17603 is currently listed for sale with an asking price of $1,900,000. W King Street is located within the SCHOOL DISTRICT OF LANCASTER school district. Search Lancaster real estate on jillannlewis.lewith-freeman.com today.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Elite
Agency Phone: 7175532500

Shown By

Agent Name: Jill Lewis
Agent Phone: (570) 814-4747
Agency Title: Lewith & Freeman

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AGENT INFORMATION

Lewith & Freeman Jill Lewis (570) 814-4747

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