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    702 3Rd St Harrisburg, PA 17102

    Sponsored
    For Sale
    $998,000

    Upscale Harrisburg bar & restaurant, prime location.

    Property size:
    5,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Harrisburg, PA business opportunity encompasses a thriving restaurant and bar, ideally situated at 702-704 N. 3rd Street. The property boasts 5,220 square feet across two floors, including a dedicated dance floor, and sits on a 0.05-acre lot. A recent, extensive renovation in 2014, exceeding $1 million in investment, showcases upscale furnishings and tasteful décor. The sale includes the real estate, a liquor license, all existing equipment, furnishings, and the established business itself. The property features three bars – a main bar on the first floor, two additional bars on the second floor and rooftop deck – offering stunning views of the Pennsylvania State Capitol and State Museum. A newly installed kitchen is ready for immediate food service. Currently operating from 4 PM to 2 AM, this turnkey operation presents significant growth potential. The property is zoned for commercial neighborhood use and has a NNN lease type. Annual property taxes are $7,940. The strategic location in Harrisburg's vibrant downtown, surrounded by other businesses, restaurants, government buildings, and ample parking, makes this a truly remarkable investment. The owner is relocating, presenting a unique opportunity for immediate ownership and operation or a potential lease-to-operate arrangement.

    Property Features for 702 3Rd St

    General Information

    Property type
    Restaurants
    Square Feet
    5,220 SF
    Lot Size
    2,178 SF

    Building Details

    Year Renovated
    2014

    HighLights

    • Annual property taxes: $7,940.
    • Upscale Harrisburg, PA restaurant and bar, ideal for private events and business meetings.
    • $1M+ invested in recent renovations, including equipment and furnishings.
    • Excellent location in Harrisburg's downtown, near businesses, restaurants, government buildings, and parking.
    • Sale includes 5,220 SF building (two floors, dance floor), liquor license, equipment, furnishings, and established business.
    • New kitchen installed, ready for immediate food service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8836261
    Latitude
    40.3208847

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    FAQs

    What type of property is this?
    Restaurant - Upscale Harrisburg bar & restaurant, prime location.
    Where is this restaurant located?
    The property is located at 702 3Rd St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: Annual property taxes: $7,940.; Upscale Harrisburg, PA restaurant and bar, ideal for private events and business meetings.; $1M+ invested in recent renovations, including equipment and furnishings.
    Request Owner's contact information
    702 3Rd St Harrisburg, PA 17102
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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
    702 3Rd St Harrisburg, PA 17102
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