124 Main St Ephrata, PA 17522
- Office Properties & Spaces
- 73,074 SF
- 0.30 lot acres
Current Use by Public Records
- Ephrata Theatres / Theater Company
- Northern Lancaster County Chamber of Commerce / Chamber Of Commerce
- FedEx Drop Box / Mailing Service
- Brossman Business Complex / Business Center
Property Details for 124 Main St
- Year built
- 1993
- Construction
- BRICK
- Lot size
- 0.30 lot acres
- Property size
- 73,074 SF
- Zone code
- CB
- Property type
- Office Properties & Spaces
- APN
- 260-60091-0-0000
- APU
- 2606009100000
Description
This exceptional restaurant opportunity is located at 124 East Main Street in Ephrata, Pennsylvania, within the vibrant Brossman Business Center. Boasting approximately 5,000 square feet of usable space, this single-tenant property offers a fully equipped restaurant, bar area, spacious kitchen, ample common area seating, and restrooms. Floor-to-ceiling windows provide breathtaking views, enhancing the dining experience. The property also includes an on-site event venue, presenting a unique opportunity to generate additional revenue through catering and hosting events. Benefit from excellent visibility to over 14,000 vehicles daily, a built-in customer base from neighboring offices and Airbnbs, and convenient free parking for staff and guests in the Brossman lots and on the street. The monthly rent of $5,000 includes real estate taxes, property insurance, common area maintenance (CAM), and existing furniture, fixtures, and equipment (FF&E). Tenant responsibilities include electricity, gas, water/sewer, and the maintenance/repair of kitchen equipment and FF&E. The landlord is willing to acquire a liquor license if desired by the tenant. This is a turnkey operation in a high-traffic area with significant potential for success. Further details are available in a brochure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,765,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,210,000
- 6.5%
- $1,325,000
- 7%
- $1,250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,140,000
- Geo Method
- $1,400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,265,000
- Retail
- $1,460,000
- Mixed-Use
- $1,180,000
- Hospitality
- $1,220,000
- Educational
- $1,425,000
- Residential Income
- $1,585,000
- Energy
- $1,200,000
- Income-Based Land
- $1,415,000
- Food Service
- $1,560,000
Location Insight
- Map
- Local Demand
- City
- Ephrata
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.1749
- Latitude
- 40.1773
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
