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607 Main St Ephrata, PA 17522-1718

OFF-MARKET Turn key restaurants Google Maps
2,865 SF 0.33 ac lot Built 1952
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
Property ID US73-2183128

Property summary

AI-generated overview

This attractive office space, located at 607 E Main Street in Ephrata, Pennsylvania, offers two well-maintained rooms ideal for a small business or professional practice. The dimensions of the rooms are 13 feet 2 inches by 14 feet 4 inches and 13 feet 2 inches by 19 feet 4 inches, providing ample space for various configurations. All utilities are included in the lease, simplifying budgeting and administration. A shared powder room is conveniently located for use by tenants. Recent improvements include fresh paint and new floor coverings, ensuring a clean and modern workspace. The property benefits from an excellent location, providing easy access to major transportation routes. Commuters will appreciate the proximity to Route 322, Route 272, and the Pennsylvania Turnpike, ensuring convenient travel throughout the region. This makes the space highly accessible for clients and employees alike. The property is an office space only

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1952
Construction FRAME
Total area 2,865 SF
Lot 0.33 ac (14,375 SF)
Zoning code NC
APN 260-68198-0-0000
UPID US73-2183128

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
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2019
1 recorded transaction
2019
$400,000

Zoning & alternative use

NC · Ephrata, 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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