101 Market St Schaefferstown, PA 17088-7030
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.
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Franklin House Tavern Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.