Kristin Shetler Real Estate Team

Real Estate Agent
License# RS320710

551 W KING STREET, Lancaster, PA 17603

 (Sold on )

$1,900,000

  • Open House
  • New Listing
  • Price Reduced
  • Active
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • Sqft
  • 0Acres
  • CommercialType
  • PALA2094778MLS#
-1 More Schedule

Property Description

Instant Equity! Listing price is based off of 2024 appraised value!! Turnkey opportunity to acquire a well-known restaurant and bar in bustling downtown Lancaster. Located on high-traffic West King Street, this recently renovated and remodeled space features a popular New American menu, strong bar program with 24 beers on tap, and reputation for dining, nightlife, and live entertainment. The venue offers multiple revenue streams, high visibility, and an established customer base. Ideal for an owner-operator or investor seeking immediate cash flow with potential for growth through expanded programming, private events, or rebranding. Prime location in a thriving urban market. Sale also includes one residential apartment, an additional parking lot parcel (619-621 Marietta Ave, Parcel ID 335-70501-0-0000) and an R liquor license. Located within Lancaster City's CRIZ (City Revitalization & Improvement Zone), this property may offer valuable redevelopment and investment opportunities while benefiting from its prime downtown location. Buyers should conduct their own due diligence regarding CRIZ eligibility and potential incentives. Licensed PA Realtor is also part owner, Agent related to owner(s). ***Business is still operating, please do not approach management or staff with inquiries.

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Property Details 551 W KING STREET, LANCASTER, PA 17603

Facts & Features

  • MLS #: PALA2094778
  • Status: Active
  • Date Listed: 09/02/2026
  • Type: Commercial
  • Sub Type: MixedUse
  • Year Built: 1900
  • Price: $1,900,000
  • Acres: 0.13
  • Area: Lancaster City (10533)
  • County: Lancaster

Amenities

  • Waterfront Type: Public

Interior

  • Flooring: Tile/Brick
  • Heating: Baseboard - Electric, Central, Heat Pump(s)
  • Cooling: Central A/C, Ceiling Fan(s), Window Unit(s)

Exterior

  • Lot Description: Additional Lot(s)
  • Roof: Rubber, Shingle
  • Construction: Brick, Mixed, Other

Schools

  • School District: School District Of Lancaster

Additional Information

  • Zoning: R4

Tax Information

  • Tax: $16,927

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