Turnkey Restaurant and
For Sale
$1,900,000
551 W King St, Lancaster, PA 17603
Recently renovated restaurant and bar with a strong beer-on-tap program and live entertainment, plus an included apartment.
Property Size11,000 SF
Price / SF$172.73
Days on Market30
Property Features for 551 W King St
General Information
Standard status
Active
Size
11,000 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1900
Listing Agency:
Keller Williams Elite
(717) 621-8404
Listed By:
Christen Tribbitt · License #RS353502
Source:
Kandorre
Added: Jul 25
Changed: Aug 12
Last Checked: Aug 23 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elite
Investment Insights
Based on property information with market context.
Turnkey opportunity to acquire a well-known restaurant and bar currently operating on West King Street in Lancaster, PA. The recently renovated and remodeled venue features a New American menu and a strong bar program with 24 beers on tap. The property also supports dining, nightlife, and live entertainment as part of its established operating concept.
In addition to the restaurant and bar space, the sale includes one residential apartment. The transaction also includes an additional parking lot parcel at 619-621 Marietta Ave (Parcel ID 335-70501-0-0000) and an R liquor license. The property is located within Lancaster City’s CRIZ (City Revitalization & Improvement Zone); buyers should conduct their own due diligence regarding CRIZ eligibility and any related benefits.
Please note that the business is still operating; do not approach management or staff with inquiries.
In addition to the restaurant and bar space, the sale includes one residential apartment. The transaction also includes an additional parking lot parcel at 619-621 Marietta Ave (Parcel ID 335-70501-0-0000) and an R liquor license. The property is located within Lancaster City’s CRIZ (City Revitalization & Improvement Zone); buyers should conduct their own due diligence regarding CRIZ eligibility and any related benefits.
Please note that the business is still operating; do not approach management or staff with inquiries.
Key Highlights
- Well‑known restaurant and bar on high‑traffic West King Street in downtown Lancaster
- Recently renovated and remodeled space with New American menu and strong bar program (24 beers on tap)
- Business includes live entertainment and an additional revenue stream from a residential apartment
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,970
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 31%
Groceries 14%
Electronics 2%
McDonald's
Dining
19,295 visits/mo
0.4 miles
Sunoco
Shops & Services
8,706 visits/mo
0.5 miles
Bravo Supermarkets
Groceries
6,864 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
5,351 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
2,858 visits/mo
0.1 miles
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Recently renovated restaurant and bar with a strong beer-on-tap program and live entertainment, plus an included apartment.
Where is this conventional restaurant located?
The property is located at 551 W King St Lancaster, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Well‑known restaurant and bar on high‑traffic West King Street in downtown Lancaster; Recently renovated and remodeled space with New American menu and strong bar program (24 beers on tap); Business includes live entertainment and an additional revenue stream from a residential apartment
