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Property profile & analytics
OFF-MARKET
Turn key restaurants

101 Market St Schaefferstown, PA 17088-7030

4,788 SF 0.35 ac lot Built 1745
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US73-3353607
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity presents a rare chance to acquire a thriving business in a prime location. Situated at 101 N Market Street in Schaefferstown, Pennsylvania, this historic building, constructed in 1745, boasts 8,200 square feet of space and sits on a 0.35-acre lot. The property includes a valuable liquor license, all restaurant equipment, existing inventory, and established goodwill, ensuring a smooth transition for the new owner. The restaurant comfortably seats over 160 patrons, with additional seating available outdoors and on a balcony. Recent renovations have meticulously restored the exterior and trim to their original condition, preserving the building's historical charm. Modern updates include new split heating and air conditioning units, an eight-year-old rubber roof, a 200-amp electrical service, propane domestic water heating, a whole-house propane generator, and upgraded oil heating. The original tavern room, complete with its original bar, adds to the property's unique character and historical significance. This well-maintained property benefits from its strategic location on State Routes 419 and 897, just blocks from Route 501, providing easy access to Lancaster, Lebanon, and Berks counties. Commuting times are approximately 14 minutes to Lebanon, 16 minutes to Lititz, 37 minutes to Lancaster, 38 minutes to Reading, and 31 minutes to Hershey. The combination of historical significance, modern amenities, and a strong existing business makes this a truly unique and compelling investment opportunity. The asking price is $799,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1745
Total area 4,788 SF
Lot 0.35 ac (15,246 SF)
APN 22-2374634-354814-0000
UPID US73-3353607
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
Current use
Occupant on record · Public records
  • Franklin House Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fh Schaefferstown LLC · 5 yrs held
Fh Schaefferstown LLC
since 2020
Last sale
$350,000
5 recorded transactions
2021
Price N/A
2020
$350,000
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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