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Property profile & analytics
OFF-MARKET
Turn key restaurants

237 Chestnut St Lancaster, PA 17603-3546

3,705 SF 0.11 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US73-0102874
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Flo & Peck LLC · 2 yrs held
Flo & Peck LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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