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    11737 Old Route 16 St Waynesboro, PA 17268

    For Sale
    $1,500,000

    Turn-key multi-income property with liquor license.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity encompasses a thriving multi-faceted business complex situated on a 0.96-acre lot in Waynesboro, PA, at 11737 Old Route Sixteen. The property includes three established businesses: Blondie's Tavern/Bar, Rouzer Dome Event Center, and Monterey Pass Pub & Eatery, presenting significant revenue streams and growth potential within the restaurant sector. The sale price includes a valuable liquor license, independently appraised at approximately $450,000, significantly enhancing the overall return on investment. Adding to the income potential are four residential rental units generating an estimated $2,700 per month in rental income. Further supplementing the revenue are the PA Skill Games, a pool table, and a jukebox, collectively averaging $1,200 per week in revenue. All necessary equipment for the food and beverage operations is included in the sale, encompassing three separate bars, kitchen and food preparation equipment, refrigerators, freezers, gaming machines, the pool table, and the jukebox. The property consists of four separate parcels of land (detailed tax records are available upon request). The property's location near the Monterey Pass Museum and Park, an extension of Gettysburg's historical significance, offers a unique advantage, attracting both local and tourist clientele. This turn-key operation presents a rare opportunity for a savvy investor seeking a diverse and established income-generating property.

    Property Features for 11737 Old Route 16 St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    41,818 SF

    Building Details

    Year Built
    1980
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Nail Salon Building Supply Pharmacy Auto Repair Shop Wholesale Shop Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.52493
    Latitude
    39.73639

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    FAQs

    What type of property is this?
    Commercial real estate - Turn-key multi-income property with liquor license.
    Where is this commercial real estate located?
    The property is located at 11737 Old Route 16 St Waynesboro, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (717) 765-6511
    Request Owner's contact information
    11737 Old Route 16 St Waynesboro, PA 17268
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    Waynesboro, PA 17268
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11737 Old Route 16 St Waynesboro, PA 17268
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