35 Main StAnnville, PA 17003

  • Retail properties
  • 2,578 SF
For Lease
$14.95/SF/YR View listing

Property Details for 35 Main St

Year built
1960
Lot size
0.15 AC
Property size (Sq ft)
2,578 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
18-2312354-365237-0000
APU
1823123543652370000

Description

This exceptional 5,400-square-foot restaurant space, located at 35 W Main St in Annville, PA, is now available for sale or lease. Situated in the heart of the Annville Historic District and directly on Route 422/Main St, this Class A property boasts prime road frontage and exceptional visibility on a highly trafficked corridor between Hershey and Lebanon, seeing approximately 20,000 vehicles daily. The property features a single-story building, renovated in 2023, with ample parking. A large municipal lot provides 60 spaces, supplemented by on-street parking and 3 private spaces, totaling 65 parking spaces. The 0.15-acre lot is zoned Town Center (Lebanon County). The interior includes a fully equipped commercial kitchen with less-than-a-year-old equipment, a walk-in cooler and freezer, and all new mechanical systems. An Eating Place (E) liquor license is available for purchase or lease separately. This turnkey opportunity is ideal for restaurant or retail operators seeking a high-visibility location with convenient parking and modern amenities. The property is conveniently located near Lebanon Valley College.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $584,934
    6.5%
    $539,939
    7%
    $501,372
  • Comparable approach

    Method
    Valuation
    Relative Method
    $498,153
    Geo Method
    $408,699
  • Alternative Use

    Use
    Valuation
    Residential
    $455,459
    Hospitality
    $417,198
    Educational
    $347,104
    Medical
    $359,041
    Retail
    $539,939
35 Main St, Annville, Pennsylvania

Location Insight

City
Annville
County
Lebanon
State
Pennsylvania
Latitude
40.3295
Longitude
-76.5167
CBSA code
30140
CBSA name
LEBANON, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,875
$39,200
$207,500
$246,700
-
$40,246
$213,039
$253,285

FAQs

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