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Property profile & analytics
OFF-MARKET
Commercial land

241 Railroad St Hanover, PA 17331-2257

0.23 ac lot
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US73-4256392
Property summary
AI-generated overview

This thriving Hanover, PA restaurant presents a unique turnkey opportunity. The Hanover Railside Diner, situated on a 0.55-acre lot at the intersection of N Railroad/Eichelberger Street and North Street (three blocks north of Hanover Square), boasts 4,733 square feet of space. Established for over 12 years, this well-maintained diner operates Monday through Friday and comfortably seats 150+ patrons, with an additional banquet room accommodating 50. Ample parking is available with 50+ on-site spaces. The property includes a second-floor one-bedroom apartment. The sale includes all necessary equipment and furnishings for a seamless transition. Annual real estate taxes are approximately $13,400. The asking price is $795,000, translating to $167.97 per square foot. The property enjoys a prime location, neighboring the Eichelberger Professional Building, Guthrie Memorial Library, and UPMC-Mountainview, ensuring high visibility and accessibility to the entire town. This is an exceptional opportunity to acquire a profitable, established business in a desirable location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.23 ac (10,193 SF)
Zoning code M
APN 67-000-18-0230.B0-00000
UPID US73-4256392
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
  • Hanover Railside Family Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Robert S Curry JR. · 18 yrs held
Robert S Curry JR.
since 2007
2 recorded transactions
2007
$750,000
2005
$215,000
Zoning & alternative use
M · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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