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Property profile & analytics
OFF-MARKET Estimated value $7,410,000
Office Spaces

124 Main St Ephrata, PA 17522-2773

73,074 SF 0.3 ac lot Built 1993
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-1950097
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1993
Construction BRICK
Total area 73,074 SF
Lot 0.3 ac (13,068 SF)
Zoning code CB
APN 260-60091-0-0000
UPID US73-1950097
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
  • Ephrata Theatres Theater & Performing Art Venue
  • Northern Lancaster County Chamber of Commerce Business Service Center Advocacy Group
  • FedEx Drop Box Postal Service Courier Service
  • Brossman Business Complex Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.29M
Blend (final) Blend
$7.41M
Owner & transaction history
Brossman Center LLC · 4 yrs held
Brossman Center LLC
since 2022
2 recorded transactions
2022
$3.5M
2022
Price N/A
Zoning & alternative use
CB · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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