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$850,000
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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.
Full Property Details
Full Property Details for 2224 Furnace Hills Pike
General
- Sold For: $850,000
- Taxes: $5,478 (2022)
- Status: Closed
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PALA2044186
Property History
- 2224 Furnace Hills Pike, Lititz, PA
- Sold $850,000 on 1/31/24
- Listed $850,000 on 11/29/23
Business
- Business Type: Restaurant/Bar
Rooms
Bathrooms
- Restrooms: 2
Parking
- Total Spaces: 52
- Parking Type: Parking Lot
Location
- Area: Elizabeth Twp (10524)
- Municipality: ELIZABETH TWP
- County: Lancaster
- Driving Directions: Driving South on Route 501, leaving Lebanon County and Entering Lancaster County, property is
Heating & Cooling
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Propane - Owned
- Water Heater: Electric
Utilities
- Sewer: On Site Septic
- Water: Well
Structural Information
- Construction: Frame
- Foundation: Block
- Stories/Levels: 0
- Year Built: 1967
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 5
- Lot Size (Sq. Ft.): 217,800
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: VILLAGE COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $373.3
- Assessment Year: 2023
- School Tax: $4,538
- City/TownTax: $137
- City/TownTax Freq: Annually
- County Tax: $802
- County Tax Freq: Annually
- Tax w/Assessment: $275,700
- Tax Amount: $5,478
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: The children's claw/stuffed animal machine is owned by Shay's Vending. The tractor is not included in the sale but can possibly be purchased separately if desired. Approximate resale value is $30, 000
- Inclusions: To be included are the real property (land and structural improvements), along with all restaurant equipment, mechanicals, restaurant accessories, remaining inventory, all structures from petting zoo, MOST animals (several will be kept by Seller). Also included (if so desired by Buyer) are the business name and phone number, along with a list of all suppliers.
Listed by Howard Hanna Krall Real Estate, Tommy Long
Sold by RE/MAX Evolved, Jeffrey D Dieffenbach
Listing agent
— 2224 Furnace Hills Pike —
Tommy Long
Howard Hanna Krall Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2224 Furnace Hills Pike
School District:Warwick School District
| Name | Grades | Distance |
|---|---|---|
Warwick Senior High School 301 West Orange Street, Lititz, PA 17543 | 9-12 | 6.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
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2224 Furnace Hills Pike, Lititz, PA 17543 (MLS# PALA2044186) is a Business property that was sold at $850,000 on January 31, 2024. Want to learn more about 2224 Furnace Hills Pike? Do you have questions about finding other Business real estate for sale in Lititz? You can browse all Lititz real estate or contact a Coldwell Banker agent to request more information.