Lancaster, PA 17601 Oregon Pike

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Presented By: Coldwell Banker Realty
  • MLS# PALA2056722
  • 09/27/2024
  • Request Tour
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  • SQFT • 3,070

Home Details

Have you ever dreamed of owning your own restaurant? Of being the boss of your own kitchen? Of making menu selections and welcoming customers, especially those regulars who arrive on the same day every week because your restaurant is their tradition. Now is your moment. This family-owned restaurant is on the market, looking for new ownership. The restaurant currently leases their 3,070 sq. foot space, with seating for up to 97 customers. The restaurant offers expansive storefront windows that allow for plenty of natural light, creating an open and airy atmosphere for diners. A glass entryway keeps indoor temperatures comfortable year-round, no matter the weather outside. Patrons have the option of eating bistro-style at tables or diner-style at the counter. The warm tile floor and wood accents of the counters beautifully balance the cool color pallet and industrial-style lighting. A stunning stone accent wall with backlighting creates dimension and texture. The tasteful styling of the dining area creates a welcoming atmosphere for everyone. The industrial kitchen provides everything needed to smoothly run your lunch or dinner service. Gas cooktops, grills, woks, fryers, a walk-in fridge and acreage of countertops for every food-prep station imaginable. Plenty of shelving and storage is available to keep your kitchen organized and operating like a well-oiled machine. In addition to the dining area and kitchen, there are 2 bathrooms, an office space, and ample parking for patrons and staff. Over $180,000 in upgrades and improvements have been made in the past several years, and all improvements and supplies are included in the sale of the restaurant. Current weekly sales come in at about $22-$25,000 with the restaurant operating 6 days a week. (Prices have not been raised in the past 18 months, so there is room for weekly sales numbers to grow right away.) The lease runs through 2031. Snow removal and grass mowing are additional lease options. Everything is in place for your restaurateur dreams to come true.
Presented By: Coldwell Banker Realty

Interior Features for Oregon Pike

Bathrooms

Total Restrooms2

Other Interior Features

SeatingCapacity97
Central Air Y/NYes
FlooringTile/Brick
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric

General for Oregon Pike

Acceptable FinancingCash, Conventional
Accessibility32 + wide Doors
Building FeaturesExhaust System, Fire Alarm, Kitchen, Office, Oven/Range(s), Public Restrooms, Refrigerator(s), Security System, Shelving, Signage Allowed, Storage, Walk-In Box, Reception Area, Sprinkler System
Building NameNONE AVAILABLE
Business TypeRestaurant/Bar
Cap Rate40.50
CityLANCASTER
Construction MaterialsMasonry, Stone, Stucco
Cool FuelNatural Gas
CoolingCentral A/C
CountyLANCASTER
Current UseRestaurant
DirectionsThe location is being kept confidential online.
Electric200+ Amp Service
Gross Income980000.00
HeatingForced Air
Insurance Expense58.90
Leasable Area3073
Lease Amount6722.19
Lease Amount FrequencyMonthly
Location TypeBusiness District
MLS AreaManheim Twp (10539)
ModificationTimestamp2025-02-19T22:16:27
MunicipalityMANHEIM TWP
Net Operating Income175000.00
New ConstructionNo
Number of Units Leased1
NumberOfUnitsVacant0
Operating Expense1190.79
OwnerPaysWater, Taxes - Real Estate, Insurance, Common Area Maintenance
PossessionSettlement
Price Per Sq Ft Total AG105.86
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeBusiness Opportunity
Property UseOwner User
RoofRubber
Security FeaturesCarbon Monoxide Detector(s), Fire Detection System, Sprinkler System - Indoor, Smoke Detector, Security System
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount6975.72
Tax Assessed Value0.0
Tax Year2024
UtilitiesElectric Available, Cable TV Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Waterfront Y/NNo
Year Built2010
Year Built SourceEstimated
ZoningB-3

Exterior for Oregon Pike

Building Area Total3070.00
Car Parking Spaces431
Door FeaturesInsulated, Double Entry
Fencing Y/NN
InclusionsFixtures, furniture and equipment- List of all the items is included in the documents section.
Navigable Water Y/NNo
Parking FeaturesLighted Parking, Paved Parking, Public
Road Surface TypePaved
Total Loading Docks0
Total Parking Spaces436
Traffic Count20000-29999
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $325,000
MLS#PALA2056722
List Date 09/27/2024
Property Type Business Op
Phone 703.929.4729
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