Technical
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Distress signals
Property profile

237 Chestnut St Lancaster, PA 17603

OFF-MARKET
Turn key restaurants
Property ID
US73-0102874
3,705 SF 0.11 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,705-square-foot special-purpose property at 237 W Chestnut St, Lancaster, PA 17603, is ideally suited for a catering kitchen or similar business. Currently configured with multiple rooms dedicated to cooking, preparation, staging, storage, office space, and a tasting room, this turnkey operation offers immediate occupancy. The property includes two restrooms, central air conditioning, gas heating, and ample electrical capacity to accommodate substantial kitchen equipment. All existing equipment is included in the lease, although some items may require service or repair (details available upon request). The rear yard provides an opportunity for herb or vegetable gardening. Convenient street parking is available, supplemented by proximity to the Water Street garage. The building offers prominent signage opportunities for enhanced visibility. The property is zoned R3 and currently operates as a non-conforming use for a catering kitchen

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction BRICK
Total area 3,705 SF
Lot 0.11 ac (4,792 SF)
Zoning code R3
APN 331-52153-0-0000
UPID US73-0102874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

237 Chestnut St Lancaster, PA 17603-3546
Lancaster metro Census 100 LANCASTER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2023
Last sale
$275,000
4 recorded transactions
2025
Price N/A
2023
$275,000
2006
$114,000
1969
Price N/A

Zoning & alternative use

R3 · Lancaster, PA
Zoning description

ion materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2,…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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