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Red's Diner 878 US-22

2,612 SF 100% Leased Retail Building Lewistown, PA 17044 £390,443 (£149/SF)

Investment Highlights

  • 4,259 sq ft building on 4.35 acres of prime real estate.
  • Open to negotiation and possible seller financing.
  • Ample parking and long-term staff ready to continue.
  • Iconic local establishment with expansion potential.

Executive Summary

Own a Piece of Mifflin County History: Iconic Red's for Sale
Opportunity awaits with the chance to become your boss by acquiring Red's Diner. This iconic establishment is now on the market, offering a 4,259 sq ft building on 4.35 acres of prime real estate.
Key Features:
The property boasts ample space with 4,259 sq ft, ensuring plenty of room for business operations and potential expansion.
Enjoy the convenience of ample parking, accommodating patrons without hassle.
Benefit from the expertise of two long-term employees, one with over 30 years of loyal service, who are eager to continue their contributions under new ownership.
Serious buyers can request detailed financial information to assess the business's potential and profitability.
The seller is open to negotiation and welcomes offers, aiming to facilitate a smooth transition and a mutually beneficial transaction.
Explore the possibility of seller financing, providing additional flexibility and facilitating the purchase process.

Red's holds a special place in the community, known for its rich history and local charm.
With 4.35 acres at your disposal, there is ample room for potential expansion or diversification of business offerings.
Seize this rare opportunity to own a piece of local history and shape its future.
Contact us today to request financials, schedule a viewing, or discuss how we can assist you in making Red's your next successful venture.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,612 SF
Year Built
1954
Price
£390,443
Price Per SF
£149
Percent Leased
100%
Number of Floors
1
Building FAR
0.01
Lot Size
6.14 AC
Zoning
commercial
Parking
30 Spaces
Frontage
2,000 ft on 87 Highway 22

Amenities

  • Restaurant
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-36-0110-000
Land Assessment
£30,007
Improvements Assessment
£60,679
Total Assessment
£90,686
  • Listing ID: 32272980

  • Date on Market: 27/06/2024

  • Last Updated:

  • Address: 878 US-22, Lewistown, PA 17044

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