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    Property profile & analytics

    128 Main St Spring Grove, PA 17362

    • Bars
    • 10,634 SF
    • 0.19 lot acres
    For Sale
    View listing
    $990,000
    Value Estimation
    Last Sale
    Mar 31, 2022
    $340,000
    Location Intelligence
    Property ID
    US73-0860588
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for 128 Main St

    Year built
    1920
    Lot size
    0.19 lot acres
    Property size
    10,634 SF
    Zone code
    CN
    Property type
    Bars
    Property subtype
    Pubs
    APN
    85-000-02-0143.00-00000
    APU
    850000201430000000

    Description

    This exceptional mixed-use property, located at 128 S Main St in Spring Grove, Pennsylvania (zip code 17362), presents a compelling investment opportunity. The three-story building, situated on a 10,634 square foot lot, boasts 11 rental units: nine one-bedroom units and one efficiency apartment. The former Spring Grove Hotel, occupying the first floor, offers a sizable space previously used as a bar and restaurant, currently vacant and available for lease. Some kitchen equipment is included in the sale. The first floor features gas, forced-air heating, and central air conditioning (FHA and CAC). The upper floors, housing the residential units, have heating systems; the second floor has heat only. The property offers off-street parking for approximately eight vehicles. The roof was recently replaced in 2017. The building is zoned Village. The annual real estate taxes are $7,657. The asking price for this 11-unit multifamily property is $990,000, representing a price per unit of $90,000. The landlord currently pays all utilities. This property offers a unique blend of commercial and residential income streams, making it an attractive addition to any investment portfolio. The large lot size and prime location in Spring Grove, York County, PA, further enhance its value and potential for future growth.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $290,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $220,000
      Mixed-Use
      $250,000
      Hospitality
      $275,000
      Educational
      $225,000
      Residential Income
      $250,000
      Energy
      $260,000
      Income-Based Land
      $295,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Spring Grove
    County
    York
    State
    Pennsylvania
    Longitude
    -76.8658
    Latitude
    39.8727
    CBSA code
    49620
    CBSA name
    YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,658
    $26,650
    $180,360
    $207,010
    -
    $26,650
    $180,360
    $207,010

    Comparable in this City

    • Value Estimation
      $235,000
      4,940 SF

      3 Hanover St

      BAR, TAVERN • 4,940 SF
      3 Hanover St, Spring Grove, PA 17362
      View Details
    • Value Estimation
      $630,000
      3,680 SF

      35 Hanover St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,680 SF
      35 Hanover St, Spring Grove, PA 17362-1101
      View Details
    • Value Estimation
      $400,000
      3,339 SF

      500 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,339 SF
      500 Main St, Spring Grove, PA 17362-1500
      View Details
    • Value Estimation
      $225,000
      8,814 SF

      6147 York Rd

      RESTAURANT • 8,814 SF
      6147 York Rd, Spring Grove, PA 17362-9120
      View Details
    • Value Estimation
      $385,000
      3,376 SF

      267 Main St

      RESTAURANT • 3,376 SF
      267 Main St, Spring Grove, PA 17362-1125
      View Details
    • Value Estimation
      $220,000
      4,434 SF

      5965 York Rd

      RESTAURANT • 4,434 SF
      5965 York Rd, Spring Grove, PA 17362-8062
      View Details

    Similar Nearby for Sale

    • $450,000
      8,814 SF

      Spring Grove Restaurant - Turnkey Opportunity

      Established Restaurant, 8,814 SF, PA Licenses
      6147 York Rd, Spring Grove, PA 17362
      View Details
    • $495,000
      8,814 SF

      Restaurant with Brewer's License

      Restaurant with seating for 200+, includes owner's quarters.
      6147 York Rd, Spring Grove, PA 17362
      View Details
    • $425,000
      3,326 SF

      Commercial Property on York Road

      Highly visible commercial property with redevelopment potential in Spring Grove, PA.
      5630 York Rd, Spring Grove, PA 17362
      View Details
    • $99,900
      0.49 Acres

      Residential Land in Spring Grove

      Residential land for sale in a desirable Spring Grove neighborhood.
      544 Monocacy Trl, Spring Grove, PA 17362
      View Details
    • $2,500,000

      Prime Commercial Land Opportunity

      10 acres of commercial land in York County, PA.
      2080 N Main St, Spring Grove, PA 17362
      View Details
    • $990,000

      Spring Grove Mixed-Use Investment

      11-Unit Multifamily, High ROI Potential
      128 Main St, Spring Grove, PA 17362
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,400 SF

      Spring Forge Shoppes Retail Center

      York County retail space available.
      570 Main St, Spring Grove, PA 17362
      View Details
    • $16 SF/Yr
      28,094 SF

      Thistle Hill Office Space Available

      Prime Spring Grove Office Building, 1,000 SF Available
      2030 Thistle Hill Dr, Spring Grove, PA 17362
      View Details
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    128 Main St
    Spring Grove, PA 17362
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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