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    2Nd St Lancaster, PA 17603

    Sponsored
    For Sale
    $625,000

    Established Asian Cuisine, Liquor License Included

    Property size:
    3,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant opportunity in Lancaster, Pennsylvania, presents a rare chance to acquire a thriving Asian cuisine establishment. Located on 2nd Street in Lancaster County, this single-story, 3,800 square foot free-standing building is situated in a prime location near significant retail and office developments, ensuring high visibility and foot traffic. The asking price is $625,000, translating to $164.47 per square foot. The sale includes the business, all fixtures, furniture, and equipment (FFE), and importantly, a valuable liquor license. The property operates under a triple net (NNN) lease, with a long-term lease available, minimizing landlord responsibilities. The building is in excellent condition and zoned for commercial use. This is an owner/user investment opportunity, ideal for an experienced restaurateur looking to acquire an established and profitable business with significant upside potential. The property is a single-tenancy building, offering complete control and operational flexibility. This is a truly unique opportunity to step into a successful, established business with a proven track record and a prime location in a thriving area. The sale presents a complete package, eliminating the need for extensive setup and allowing for immediate operation. Don't miss this chance to own a thriving restaurant with a valuable liquor license in a desirable Lancaster location.

    Property Features for 0 2Nd St

    General Information

    Property type
    Restaurants
    Square Feet
    3,800 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional restaurant property available for sale.
    • Prime location.
    • Liquor license included in sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.320942
    Latitude
    40.0356

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    FAQs

    What type of property is this?
    Restaurant - Established Asian Cuisine, Liquor License Included
    Where is this restaurant located?
    The property is located at 2Nd St Lancaster, PA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Exceptional restaurant property available for sale.; Prime location.; Liquor license included in sale.
    Request Owner's contact information
    2Nd St Lancaster, PA 17603
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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
    2Nd St Lancaster, PA 17603
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