Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,900,000

  • For Sale
  • Active
  • Commercial Service
See This Home
Save This Home
See This Home
Save This Home
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).

Full Property Details for 551 W King St

General

  • Price: $1,900,000
  • Taxes: $16,927 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: BrightMLSPhilly
  • MLS ID: PALA2081314
  • Updated: 3/6/2026
  • Added to Site: 61 day(s) ago

Business

  • Business Type: Restaurant/Bar

Interior

  • Flooring: Tile/Brick

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), 24 hour security, Electric Alarm, Exterior Cameras, Fire Detection System, Main Entrance Lock, Monitored, Motion Detectors, Security System, Smoke Detector

Parking

  • Total Spaces: 10
  • Parking Type: Leased to Off Site, On Street, Parking Lot

Location

  • Area: Lancaster City (10533)
  • Municipality: LANCASTER CITY
  • County: LANCASTER
  • Driving Directions: Columbia Avenue eastbound, turns into West King Street, property is on the left at the intersection of W King and N Pine

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s), Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Central, Heat Pump(s)
  • Heating Fuel: Natural Gas, Electric
  • Water Heater: Natural Gas, Instant Hot Water, Tankless, 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Mixed, Other
  • Foundation: Block, Stone
  • Roof: Rubber, Shingle
  • Building Size: 11000
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Very Good

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,663
  • Lot Size Source: Estimated
  • Zoning: R4
  • Lot Description: Additional Lot(s)

Financial Considerations

  • Price Per Sq. Ft.: $172.73
  • Assessment Year: 2025
  • Tax w/Assessment: $378,900
  • Tax Amount: $16,927
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Residential Tenant's Personal Property, Inventory (purchased separately)
  • Inclusions: FF&E, R Liquor License

Listed by Keller Williams Elite, Christen Tribbitt

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 551 W King St —

  • Christen Tribbitt

    Keller Williams Elite

Listing Office Email: klrw1040@kw.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 551 W King St

School District:Lancaster School District
NameGradesDistance
Fulton El School, Lancaster, PA
225 West Orange Street, Lancaster, PA 17603
PK-50.3 mi
Reynolds Middle School
605 West Walnut Street, Lancaster, PA 17603
6-80.3 mi
Mccaskey Campus
445 North Reservoir Street, Lancaster, PA 17602
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 551 W King St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/01/2026
Listed
$1,900,000
533.33%
MLS
6/28/2012
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
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 for 551 W King St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,152
1%
$378,900
—
2024
$14,993
6%
$378,900
—
2023
$14,127
—
$378,900
—
2022
$14,127
1%
$378,900
—
2021
$13,979
1%
$378,900
—
2020
$13,824
2%
$378,900
—
2019
$13,617
-14%
$378,900
—
2018
$15,864
116%
$378,900
137%
2017
$7,349
2%
$160,000
—
2016
$7,195
1%
$160,000
—
2015
$7,109
4%
$160,000
—
2014
$6,832
—
$160,000
—
View All
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 for 551 W King St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Elite, Christen Tribbitt

Similar Properties near 551 W King St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

121 E King St, Lancaster, PA 17602 - Photo 1
$1,895,000
Open House

121 E King St  Lancaster, PA 17602

  • Commercial Service
  • Active
Listed by Lusk & Associates Sotheby's International Realty, Anne M Lusk and Lusk & Associates Sotheby's International Realty, John Stafford Skehan
2453 Lincoln Hwy E, Lancaster, PA 17602 - Photo 1
$1,690,000

2453 Lincoln Hwy E  Lancaster, PA 17602

  • Commercial Service
  • Active
Listed by Crown Homes Real Estate, Corey J Harris and Crown Homes Real Estate, Craig Harris

Just Listed near 551 W King St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

118 W Frederick St, Millersville, PA 17551 - Photo 1 Just Listed
$374,500

118 W Frederick St  Millersville, PA 17551

  • Single Family
  • Active
  • Updated 12 hours ago
  • 5
    Beds
  • 2
    Total Baths
  • 2,128
    Sq. Ft.
Listed by Adam Druck Team (717) 757-2717
23 Bradford St, Millersville, PA 17551 - Photo 1 Just Listed
$260,000

23 Bradford St  Millersville, PA 17551

  • Townhouse
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,104
    Sq. Ft.
Listed by Berkshire Hathaway HomeServices Homesale Realty, Jesica A. Mazur
254 Blue Rock Rd, Millersville, PA 17551 - Photo 1 Just Listed
$364,900
Open House

254 Blue Rock Rd  Millersville, PA 17551

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,782
    Sq. Ft.
Listed by Keller Williams Elite, Dan J Zecher and Keller Williams Elite, Nicholas C Valudes
5890 Main St, East Petersburg, PA 17520 - Photo 1 Just Listed
$375,000

5890 Main St  East Petersburg, PA 17520

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,150
    Sq. Ft.
Listed by RE/MAX SmartHub Realty, Jill Gagliano and RE/MAX SmartHub Realty, Ian Matthew Hey

Price Reduced near 551 W King St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

221 Sawgrass Dr, Millersville, PA 17551 - Photo 1 Price Reduced
-$15,100 (-2.93%)
$499,900

221 Sawgrass Dr  Millersville, PA 17551

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,590
    Sq. Ft.
Listed by Berkshire Hathaway HomeServices Homesale Realty, Craig G Hartranft and Berkshire Hathaway HomeServices Homesale Realty, Evan P. Owens
86 Village Dr, Mountville, PA 17554 - Photo 1 Price Reduced
-$5,100 (-1.59%)
$314,900

86 Village Dr  Mountville, PA 17554

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,480
    Sq. Ft.
Listed by RE/MAX SmartHub Realty, Hope Klein and RE/MAX SmartHub Realty, Dawn A Loken
409 E Main St, Mountville, PA 17554 - Photo 1 Price Reduced
-$20,900 (-23.25%)
$69,000

409 E Main St  Mountville, PA 17554

  • Mobile Home
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 980
    Sq. Ft.
Listed by Lime House, Nicholas Haiduk
456 Brendon Dr, Leola, PA 17540 - Photo 1 Price Reduced
-$7,999 (-6.15%)
$122,000

456 Brendon Dr  Leola, PA 17540

  • Mobile Home
  • Active
  • Updated 22 hours ago
  • 2
    Beds
  • 1
    Total Bath
  • 900
    Sq. Ft.
Listed by Iron Valley Real Estate of Lancaster, Scott A Rowen and Iron Valley Real Estate of Lancaster, Lynn Marie Hartman

551 W King Street, Lancaster, PA 17603 (MLS# PALA2081314) is a Commercial Service property. 551 W King Street is currently listed for $1,900,000 and was received on February 01, 2026. Want to learn more about 551 W King Street? Do you have questions about finding other Commercial Service real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

Tour this property