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875 Main St Ephrata, PA 17522-2545

OFF-MARKET Turn key restaurants Google Maps
2,568 SF 0.63 ac lot Built 1920
Entity Owned ~ Est. High Equity
Estimated value (blended)
$395k
Range $356k – $435k (±10%)
Property ID US73-1657842

Property summary

AI-generated overview

This exceptional 3,210 square foot mixed-use property at 875 E Main Street, Ephrata, PA, presents a lucrative investment opportunity. The 2.5-story brick building has undergone a complete renovation, boasting a fresh exterior with painted brick, new windows, and doors. Two new heat pumps and a new electrical system (with two services) ensure efficient operation. Luxury vinyl plank flooring is installed throughout. A newly paved parking lot includes a front ramp for ADA accessibility. The second floor, a high-end two-bedroom, two-bathroom apartment, is currently rented and has township approval for use as a rental or VRBO. This space could also serve as an owner's residence or staff apartment. The main floor is leased on a five-year term, with the tenant responsible for a pro-rata share of expenses. A beautifully renovated main-level bathroom adds to the property's appeal. Convenient rear storage is accessible from both inside and the back entrance. A large rear grassy area, already engineered for stormwater management, offers the potential for a 40 x 60 foot addition (relevant paperwork is available at the township). The ample parking area features two entrances/exits, potentially allowing for drive-thru access (verification with Ephrata Township is recommended). The property's zoning permits a wide range of uses, subject to township approval. Situated in a high-traffic area with excellent visibility across from Walmart and near Route 222, this property offers unparalleled potential for rental income and business ventures in a rapidly growing community. The 0.63-acre lot provides ample space for expansion and development.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction BRICK
Total area 2,568 SF
Lot 0.63 ac (27,443 SF)
Zoning code C-2
APN 270-94064-0-0000
UPID US73-1657842

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2025
Last sale
$650,000
3 recorded transactions
2025
$650,000
2023
Price N/A
2021
$325,000

Zoning & alternative use

C-2 · 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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