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    OFF-MARKET
    Bars & Pubs

    702 3Rd St, Harrisburg, PA 17102

    5,220 SF 0.05 ac lot
    Property ID
    US73-1442705
    Property summary
    AI-generated overview

    This exceptional Harrisburg, PA business opportunity encompasses a thriving restaurant and bar, ideally situated at 702-704 N. 3rd Street. The property boasts 5,220 square feet across two floors, including a dedicated dance floor, and sits on a 0.05-acre lot. A recent, extensive renovation in 2014, exceeding $1 million in investment, showcases upscale furnishings and tasteful décor. The sale includes the real estate, a liquor license, all existing equipment, furnishings, and the established business itself. The property features three bars – a main bar on the first floor, two additional bars on the second floor and rooftop deck – offering stunning views of the Pennsylvania State Capitol and State Museum. A newly installed kitchen is ready for immediate food service. Currently operating from 4 PM to 2 AM, this turnkey operation presents significant growth potential. The property is zoned for commercial neighborhood use and has a NNN lease type. Annual property taxes are $7,940. The strategic location in Harrisburg's vibrant downtown, surrounded by other businesses, restaurants, government buildings, and ample parking, makes this a truly remarkable investment. The owner is relocating, presenting a unique opportunity for immediate ownership and operation or a potential lease-to-operate arrangement.

    Property profile
    Verified
    Property type Bars & Pubs
    Total area 5,220 SF
    Lot 0.05 ac (2,178 SF)
    UPID US73-1442705
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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