Established Restaurant, Prime Location, High Traffic
Description
Added:
Feb 3, 2025
Days on Market:
337
This exceptional turnkey restaurant opportunity is located at 124 E. Main Street, Unit RESTAURA, within the vibrant Brossman Business Center in Ephrata, PA's central business district. Boasting approximately 5,000 square feet of usable space, this property offers a fully equipped restaurant, bar, and spacious kitchen. The layout includes ample common area seating and restrooms. Floor-to-ceiling windows provide breathtaking views, maximizing natural light and creating an inviting atmosphere. A significant advantage is the inclusion of an on-site event venue, generating additional revenue streams through catering opportunities. This allows for hosting events directly for patrons, increasing profitability. The property benefits from excellent signage visibility to over 14,000 vehicles daily, ensuring high brand awareness. A built-in customer base exists within the building, thanks to the presence of offices and Air BNB units. Convenient parking is readily available for both staff and guests, with free parking options in Brossman parking lots, garages, and on the street. The monthly rent of $5,000 includes real estate taxes, property insurance, common area maintenance (CAM), and existing furniture, fixtures, and equipment (FF&E). The tenant is responsible for electricity, gas, water, and sewer costs, as well as the maintenance and repair of kitchen equipment and FF&E. The landlord is willing to acquire a liquor license if desired by the tenant, further enhancing the operational potential of this remarkable property. This is a rare opportunity to acquire a thriving restaurant business in a high-traffic, desirable location. The 0.3-acre lot provides ample space for outdoor seating or other potential expansions.
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124 Main St Ephrata, PA 17522
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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.
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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.
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124 Main St Ephrata, PA 17522
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124 Main St, Ephrata, PA
Corinn Kirchner
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Corinn Kirchner
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124 Main St, Ephrata, PA
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124 Main St, Ephrata, PA
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124 Main St, Ephrata, PA
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124 Main St, Ephrata, PA
Corinn Kirchner
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