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    OFF-MARKET
    Retail properties & Spaces

    655 Route 61, Orwigsburg, PA 17961

    3,500 SF 3.9 ac lot Built 1958
    Property ID
    Property summary
    AI-generated overview

    This 3,500 square foot restaurant, located at 655 Route 61 in Orwigsburg, Pennsylvania, is a fantastic opportunity for a savvy investor. Priced at $899,900, this fee simple property sits on a 3.9-acre lot and boasts 50 parking spaces. Built in 1958, the building features a spacious second-story owner's quarters, a large basement ideal for storage, and central air conditioning. The restaurant is fully equipped and includes inventory, the business name, and a liquor license – everything needed to immediately resume operations. The property has a COMM zoning designation, offering potential for various uses (verification with the Orwigsburg borough zoning department is recommended). Heating is provided by propane (owned) and baseboard electric, while hot water is electric. The building has copper plumbing, a shingle and rubber roof, and is served by a 200+ amp electrical service. On-site septic and a well provide water and sewer services. Annual property taxes are $5,747 (2023). The property is conveniently located on Route 61, offering excellent visibility and accessibility. Handicap parking is available. This turn-key operation seats approximately 150 patrons. The Blue Mountain School District serves the area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1958
    Total area 3,500 SF
    Lot 3.9 ac (169,884 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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