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32780314
32780313

498 West High St, Elizabethtown, PA 17022 For Sale

Landmark Commercial Realty
Listed by Landmark Commercial Realty
$1,470,000
61 days on market
Updated 61 days ago

498 West High Street - Gun & Ammo Store & Business

Details
Property Type Retail, Mixed Use (+1)
Sub Type Restaurant, Storefront (+1)
Square Footage 3,996
NOI $28,500
Tenancy Multi
Buildings 1
Stories 3
Acreage 0.120
Zoning Commercial
Parking Spaces 14 spaces
Parking per 1,000 SqFt 3.50
Investment Type Stabilized

498 West High St, Elizabethtown, PA 17022

Marketing description

This well-established gun and ammunition store has been serving customers for approximately 25 years, beginning in the original owner's basement before relocating in 2014 to a prominent, attractive building on a major road in Elizabethtown. Pennsylvania remains a gun-friendly state where no license is required to purchase or own a firearm, though background checks are mandatory. The store is widely respected in the firearms community for exceptional customer service, product knowledge, and specialized services including engraving, cleaning, and lubrication.

This is a perfect acquisition for a firearm hobbyist or entrepreneur seeking a fully turnkey operation with significant growth potential. The owner is willing to assist in transition for 30 to 60 days. The offering includes real estate, FF&E, inventory, and a strong ongoing business generating approximately $1 million in annual gross sales. Additional income streams include a four-bedroom apartment and two office rentals.

Investment highlights

  • Long-established gun and ammunition retailer with approximately 25 years of operation
  • Strong reputation for customer service, expertise, and product knowledge
  • Offers engraving, cleaning, lubrication, and accessory support services
  • Includes approximately $270,000 of inventory at closing
  • FF&E valued at approximately $150,000 (equipment list available)
  • Business priced at $500,000 with gross sales around $1 million
  • Turnkey opportunity for hobbyists or seasoned operators
  • NFA Class 2 Manufacturer/Dealer with suppressors, short-barreled items, and on-site fingerprinting and photography
  • Large selection of firearms, ammunition, and accessories from major brands
  • Owner willing to train buyer for 30 to 60 days
  • Ideal for a buyer seeking a stable, established, growth-ready operation
  • Attractive, well-maintained commercial building on a major road in Elizabethtown
  • Approximately 14 on-site parking spaces
  • Public water, public sewer, gas heat, and A/C across all three floors
  • Includes a four-bedroom apartment generating steady rental income
  • Two additional offices rented for supplemental monthly income
  • Positioned for strong visibility and excellent customer access
  • Originally renovated for firearm retail use with secure layout
  • Solid long-term real estate asset included in the sale at $600,000

Listing Contacts

Landmark Commercial Realty
Listed by Landmark Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$28,500.00
$2,375.00/mo

Valuation Metrics

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DSCR
1.94%
Cap Rate
1.94%
ROI

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