This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
1398 W Main Street, Ephrata, PA 17522
$2,400,000
1398 W Main Street, Ephrata, PA 17522View this property at 1398 W Main Street, Ephrata, PA 17522
1398 W Main StreetEphrataPA17522
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
Property Description
Historic investment portfolio located in downtown Ephrata including a turnkey restaurant and cash flowing two-unit multifamily property. This corner restaurant (1398 W Main Street) includes a fully furnished kitchen, first and second floor dining areas, three restrooms, and detached bar/event space area with ample outdoor dining. The income producing two-unit mulit-family property (1404 W Main Street) offers 2 bedroom 2 bath first floor unit and second floor unit of 2 bedrooms and 1 bath. Both units have laundry in-unit. And both properties have been extensively updated within the past three years. Price is inclusive of both parcels. R liquor license and all FF&E is included. Please do not contact agent via showing time.
Full Property Details
Full Property Details for 1398 W Main St
General
- Price: $2,400,000
- Taxes: $13,402 (2023)
- Status: Active
- Type: Retail
- MLS ID: PALA2037106
- Updated: 11/11/2023
- Added to Site: 309 day(s) ago
Business
- Business Type: Apartment Building, Other, Other/General Retail, Rest
Parking
- Total Spaces: 35
- Parking Type: Parking Lot
Location
- Area: Ephrata Boro (10526)
- Municipality: EPHRATA BORO
- County: Lancaster
- Driving Directions: Take US-222 N and take the Brownstown Exit onto PA-772. Continue on PA-772 for 8 miles and turn left onto Rothsville Rd. where you'll be met with a right onto Rettew Mill Rd. in a short distance. Continue on Rettew Mill Rd. for 6 miles and turn right onto S Market Street to find the property sitting on the corner with W Main St.
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block, Brick, Concrete, Log, Masonry, Rock, Stone
- Stories/Levels: 0
- Year Built: 1890
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.43
- Lot Size (Sq. Ft.): 18,731
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: CND
Financial Considerations
- Assessment Year: 2023
- School Tax: $10,518
- City/TownTax: $1,257
- City/TownTax Freq: Annually
- County Tax: $1,626
- County Tax Freq: Annually
- Tax w/Assessment: $558,900
- Tax Amount: $13,402
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
Listed by High Associates Ltd., Breanna Baughman Robinson and High Associates Ltd., Aaron Robert Skelly
Get Pre-Approved Today
Schools
Schools serving 1398 W Main St
School District:Ephrata Area Sd
Rating | Name | Grades | Distance |
---|---|---|---|
250 Clay School Rd, Ephrata, PA 17522 | K-4 | 2.6 mi | |
957 Hammon Ave, Ephrata, PA 17522 | 7-8 | 0.9 mi | |
803 Oak Blvd, Ephrata, PA 17522 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1398 W Main St
Date
Details
Price
Change
Source
6/28/2023
Listed
$2,400,000
380%
MLS
12/01/2006
Sold
$500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1398 W Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,403
7%
$558,900
—
2023
$12,516
—
$558,900
—
2022
$12,516
2%
$558,900
—
2021
$12,253
—
$558,900
—
2020
$12,253
1%
$558,900
—
2019
$12,085
-16%
$558,900
—
2018
$14,327
34%
$558,900
38%
2017
$10,700
2%
$404,300
—
2016
$10,453
2%
$404,300
—
2015
$10,271
—
$404,300
—
2014
$10,271
—
$404,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1398 W Main St
1398 W Main Street, Ephrata, PA 17522 (MLS# PALA2037106) is a Retail property. 1398 W Main Street is currently listed for $2,400,000 and was received on June 28, 2023. Want to learn more about 1398 W Main Street? Do you have questions about finding other Retail real estate for sale in Ephrata? You can browse all Ephrata real estate or contact a Coldwell Banker agent to request more information.