Highly Visible Commercial Property in Ephrata – CLOSED
Dolly’s is a well known tavern on a highly visible commercial property in Ephrata. The building is in it’s original state and could use some updating, but retains much of the original charm. Attributes include; hardwood floors, original moldings, and higher than typical ceilings (9’+) on first and second floor. This property is an outstanding commercial location for ANY type of business, due to its high visibility and high traffic location. The property is on Rt. 322 just across from Walmart and a stone’s throw to the Rt. 222 exit ramp. 19,000 vehicles per day provide amazing exposure. Two wide driveway entrances, may allow for a future drive through use (Check with Ephrata Township please.) Zoned C-2 Mixed Use Commercial. Zoning permits such a wide variety of uses that this property could serve a multitude of businesses.
The liquor license is NOT included in this price but is available for an additional cost of $350,000. This bar was a true moneymaker until COVID caused the shutdown, so anyone looking for a profitable bar could do extremely well here with very little investment. On top of all this, the property has a 2-3 BR apartment on the 2nd and 3rd floor. While this apartment does need rehab, it could be beautiful if redone. It has the same 9′ ceilings, original woodwork and hardwood floors as the first floor. It needs new kitchen, bath, carpet and paint, but is large and spacious. So, fix up and rent out the apartment and you’ve pretty much got your mortgage payment covered.
In addition, this property has a spacious backyard, which could be ideal for uses such as a restaurant that may desire outside dining space. Due to the COVID 19 shut downs this highly visible commercial property in Ephrata had to close, but customers are begging to have it re-open, and it wouldn’t take much to do so. This property is a great buy for the money!
Agent: Christine Sable, CCIM
Address: 875 E Main Street, Ephrata, PA 17522