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Turnkey Business with Apartment Income
For Sale
$259,900

1837 State Highway 285, Espyville, PA 16424

Restaurant with apartments near lake, offering income potential.

Property SizeContact for details
Lot Size0.30 Acres
Days on Market210

Property Features for 1837 State Highway 285

General Information

Standard status Active
Lot size 0.30 Acres
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $1,216
Listing Agency: ERA Richmond Real Estate Service
Listed By: David Gordon · License #AB066597
Source: Exprealty
Added: Jan 26 Changed: Aug 20 Last Checked: Aug 23 at 5:42AM

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 ERA Richmond Real Estate Service

Investment Insights

Based on property information with market context.

This turnkey business opportunity is located a short distance from a lake that attracts thousands of tourists annually. The property includes a restaurant with all ovens and kitchen items included in the sale. Additionally, the property features apartments located upstairs, which are currently fully occupied. Garage spaces are also present, offering the potential for additional revenue. The property is zoned for restaurants, apartment buildings, multifamily properties, and residential income properties.

Key Highlights

  • Turnkey business opportunity.
  • Proximity to a lake attracting thousands of tourists annually.
  • All ovens and kitchen items included in the sale.

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility Garden Center Building Supply Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby
Well-served
Demand for This Use

Demographics for 16424, PA

4,405
Population
3,522
Households
1.3
Avg Household Size
51
Median Age
16%
College-Educated
93%
High-School Grad
70.5 sq mi
ZIP Area
62
Density / Sq Mi
$56,285
Median Household Income
$40,048
Median Earnings
$745
Median Rent
$128,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant with apartments near lake, offering income potential.
Where is this restaurant located?
The property is located at 1837 State Highway 285 Espyville, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Turnkey business opportunity.; Proximity to a lake attracting thousands of tourists annually.; All ovens and kitchen items included in the sale.
More about this property
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