Property profile

406 Broadway Red Lion, PA 17356

OFF-MARKET
Turn key restaurants
Property ID
US73-2914439
4,008 SF 0.35 ac lot Built 1960
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 406 East Broadway in Red Lion, PA, offers a fantastic opportunity for a restaurant or retail business. The 4,000 square foot building, constructed in 1960 and extensively renovated in 2015, features a fully equipped, 2,500 square foot turnkey restaurant space previously used as a pizzeria. The space includes a large kitchen and prep area, two separate dining areas, and is ready for immediate occupancy. The existing kitchen equipment is a significant advantage, saving a new tenant considerable time and expense on build-out. The property is zoned commercial and located in York County on a high-traffic area of Route 74, experiencing 10,000 vehicles per day, ensuring high visibility and potential customer traffic. Ample parking is provided with 20 surface spaces. The 2,500 square feet of vacant space presents a unique opportunity for a business seeking a move-in ready location with established infrastructure. Flexible lease options are available. This property is ideal for a restaurant concept looking for a quick start in a thriving market. The combination of a prime location, existing infrastructure, and recent renovations makes this a truly exceptional opportunity.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 4,008 SF
Lot 0.35 ac (15,420 SF)
Zoning code RS
APN 82-000-02-0195.00-00000
UPID US73-2914439

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

406 Broadway Red Lion, PA 17356-9103
Red Lion metro Census 23100 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2016
Last sale
$400,000
4 recorded transactions
2016
Price N/A
2012
Price N/A
2007
$213,000
2006
Price N/A

Zoning & alternative use

RS · Red Lion, PA

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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