Bought with Jeffrey D Dieffenbach • RE/MAX Evolved
$850,000
$850,000
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5 Acres Lot
SOLD DATE : 01/31/2024
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Services
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PALA2044186
Sold Date 01/31/24
Year Built 1967
Annual Tax Amount $5,478
Tax Year 2022
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 0.00 x 0.00
Property Sub-Type Services
Source BRIGHT
Property Description
The Pretzel Hut is a genuine landmark. This restaurant (and live animal exhibit) has been successfully operating for 56 good years, and is a beloved staple of the community. The business produces strong income and sits roadside on heavily trafficked Route 501, a main artery connecting Lancaster and Lebanon Counties. The large petting zoo is nestled into the property's 5 wooded acres, and is a main attraction for locals, kids, and animal lovers. The property is in turn-key condition, and has been owned and operated by people who deeply understand the importance of high quality products, proper care and maintenance, efficiency, cleanliness, organization, and employee loyalty. Food items offered include burgers, sandwiches, cheesesteaks, ice cream, soda, and of course pretzels. There are 45 seats inside the restaurant, and another 20 picnic tables surrounding the property. There are approximately 45-50 parking spaces. At any given time the restaurant is packed with patrons. The business has been extremely successful, but there is still room to grow via expansion from 5 to 7 days of operation per week, remaining open in winter months, and increasing prices to fair market value in order to ramp up profit margins. This is a rare opportunity to move right into an established restaurant in a bustling area and get to work immediately. Numbers available upon request.
Location
State PA
County Lancaster
Area Elizabeth Twp (10524)
Zoning VILLAGE COMMERCIAL
Interior
Hot Water Electric
Heating Forced Air
Cooling Wall Unit
Heat Source Propane - Owned
Exterior
Garage Spaces 52.0
Water Access N
View Trees/Woods
Accessibility Entry Slope <1', 2+ Access Exits
Total Parking Spaces 52
Garage N
Building
Foundation Block
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Warwick
Others
Tax ID 240-01178-0-0000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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