Property profile

6147 York Rd Spring Grove, PA 17362

OFF-MARKET
Commercial land
Property ID
US73-5390630
0.06 ac lot
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

Buon Appetito, a thriving restaurant in Spring Grove, PA, presents a unique investment opportunity. This established eatery boasts a Pennsylvania Brewer's License, allowing for on-site beer production, and permits for the sale of Pennsylvania wine and spirits. The spacious restaurant comfortably seats over 200 patrons, featuring an inviting outdoor deck, an indoor bar, and a dedicated banquet room, perfect for larger events. The sale includes all furniture, fixtures, and equipment, ensuring a seamless transition for the new owner. Adding to its appeal, the property includes convenient owner's living quarters situated on the second floor, providing both business and residential space. The main building encompasses 8,814 square feet and sits on a 1.10-acre lot. An additional 0.44-acre adjoining property provides ample parking, further enhancing the property's value and operational efficiency. This turnkey operation offers a rare combination of established business, brewing capabilities, and significant space, making it an attractive proposition for experienced restaurateurs and investors alike. The property's size and features provide substantial room for expansion or adaptation to suit a new owner's vision. The existing infrastructure and licenses significantly reduce the hurdles associated with starting a new restaurant and brewery.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.06 ac (2,614 SF)
Zoning code CM
APN 30-000-EE-0044.B0-00000
UPID US73-5390630

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

6147 York Rd Spring Grove, PA 17362-9120
Spring Grove metro Census 21711 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2015
6 recorded transactions
2015
$80,000
2013
$40,000
2012
Price N/A
2008
$225,000
2007
$7,632
1969
Price N/A

Zoning & alternative use

CM · Spring Grove, 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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