250 Cherry AlyElizabethtown, PA 17022

Property Details for 250 Cherry Aly

Year built

1980

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

2,556 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Retail space

APN

250-16422-0-0000

APU

2501642200000

Description

This exceptional investment opportunity presents a freestanding retail building situated at 250 S. Cherry Alley in Elizabethtown, Pennsylvania. The property encompasses approximately 2,683 square feet on a 0.16-acre lot and benefits from a prime location within the Central Business District. Currently occupied by Papa John's Pizza under a recently renewed five-year lease, this property offers significant long-term stability. The lease includes two additional five-year options, ensuring consistent rental income. A substantial 10% rent increase is built into the lease agreement following the initial term. The building itself boasts a newly installed roof and sealant, completed in 2022 and covered by a 10-year warranty, minimizing future maintenance concerns. Ample parking is available, with eight private spaces on the property and approximately 40 additional municipal parking spaces nearby. This triple net lease structure minimizes landlord responsibilities, making this a low-maintenance, high-return investment. Offered at $395,000, this property represents a compelling investment opportunity in the thriving Lancaster County market. The strong tenant, long-term lease, and minimal landlord responsibilities make this an attractive option for investors seeking a stable and profitable addition to their portfolio.

Location Insight

City

Elizabethtown

County

Lancaster

State

Pennsylvania

Latitude

40.1479

Longitude

-76.6029

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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