551 W King Street Lancaster, PA $ 1,900,000
551 W King Street
$ 1,900,000
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551 W King Street

Lancaster, PA, 17603
$ 1,900,000
Bedrooms-- Baths-- Sq 8,044

Monthly Estimate*

$ 11,699

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Commercial Property for sale in Lancaster, PA

for $1,900,000. This 8,044 square foot building was built in 1900 on a lot size of 0.13.

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. Licensed PA Realtor is also part owner, Agent related to owner(s).

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 16,927

Style

Restaurant/Bar

Lot Size

0.13

Year Built

1900

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2081314

Features
Interior
Heating Fuel Natural Gas Electric
Flooring Tile/Brick
Hot Water Natural Gas Instant Hot Water Tankless 60+ Gallon Tank
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Baseboard - Electric Central Heat Pump(s)
Cooling Central A/C Ceiling Fan(s) Window Unit(s)
Possession Settlement
Roof Rubber Shingle
Zoning R4
Security Features Carbon Monoxide Detector(s) 24 hour security Electric Alarm Exterior Cameras Fire Detection System Main Entrance Lock Monitored Motion Detectors Security System Smoke Detector
Construction Materials Brick Mixed Other
Exclusions Residential Tenant's Personal Property Inventory (purchased separately)
Year Built 1900
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality LANCASTER CITY
Business Type Restaurant/Bar
Accessibility 2+ Access Exits 32 + wide Doors 36 + wide Halls Grab Bars Mod
County LANCASTER
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Columbia Avenue eastbound turns into West King Street property is on the left at the intersection of W King and N Pine
City LANCASTER
Disclosures Agent Related to Owner Prop Disclosure Lead Inspection Certificate Available Lead Based Paint - Federal
MLS Area Lancaster City (10533)
Lot Size Units Square Feet
Lot Size Square Feet 5663.00
Tax Annual Amount 16927.0
Property Condition Very Good
Price Per Sq Ft Total AG 172.73
Acceptable Financing Cash Conventional
Historic Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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Exterior
Lot Features Additional Lot(s)
Water Source Public
Inclusions FF&E R Liquor License
Type of Parking Leased to Off Site On Street Parking Lot
Foundation Details Block Stone
Water View Y/N N
Building Area Total 11000.00
Lot Size Acres 0.13
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 55782.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 551
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* Excluded Features
List By
Keller Williams Elite

Broker

christen.tribbitt1@gmail.com

Email

Affordability Calculator

$13,109
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,699
Monthly Property Taxes
$1,411
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2026$1,900,000 Listed Price

Map


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551 W King Street, Lancaster, PA, 17603 is a Commercial Property for sale at $1,900,000 with 8,044 sqft and a lot size of 0.13. 551 W King Street was built in 1900. The property's zip code is 17603 which is in Lancaster, PA