About 551 W King St
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.
Features of 551 W King St
| MLS® # | PALA2081314 |
|---|---|
| Price | $1,900,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,044 |
| Acres | 0.13 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 551 W King St |
|---|---|
| Area | Lancaster City |
| City | LANCASTER |
| County | LANCASTER-PA |
| State | PA |
| Zip Code | 17603 |
| Senior Community | N |
Amenities
| Parking Type | Leased to Off Site, On Street, Parking Lot |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard - Electric, Central, Heat Pump(s) |
|---|---|
| Cooling | Central A/C, Ceiling Fan(s), Window Unit(s) |
| Central Air | Y |
Exterior
| Exterior | Brick, Mixed, Other |
|---|---|
| Lot Description | Additional Lot(s) |
| Roof | Rubber, Shingle |
| Construction | Brick, Mixed, Other |
| New Construction | N |
| Foundation | Block, Stone |
Additional Information
| Date Listed | February 1st, 2026 |
|---|---|
| Days on Market | 211 |
| Zoning | R4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Elite |
|---|