1605 Market StElizabethtown, PA 17022

Property Details for 1605 Market St

Lot size

9.54 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

250-41390-0-0000

APU

2504139000000

Description

This exceptional commercial property, located at 1605 S Market St in Elizabethtown, PA 17022, presents a prime retail opportunity. The property is classified as a retail outparcel pad, offering a total of 155,422 square feet of building space across multiple tenancies. Currently, there is 3,102 square feet of vacant space available for lease, ideal for a variety of retail businesses seeking high visibility and accessibility. The property sits on a 0.35-acre lot, ensuring ample space for customer parking and potential expansion. Its location on South Market Street in Elizabethtown, Pennsylvania provides excellent exposure to a significant volume of daily traffic. The property's classification as both retail and land offers flexibility for potential tenants or investors. The existing building's substantial size suggests a well-established commercial area with a proven track record. The available 3,102 square feet presents a unique chance to establish or expand a retail presence in a thriving Pennsylvania community. This outparcel pad offers a strategic location for businesses seeking high visibility and convenient access for customers. The property's size and location make it an attractive investment opportunity for those seeking a strong return on investment in a stable market. The combination of retail space and land provides versatility for future development or expansion. This is an excellent opportunity to secure a prominent retail location in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $94,288,736

  6.5%

  $87,035,752

  7%

  $80,818,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $80,300,048

  Geo Method

  $65,880,372

• Alternative Use

  Use

  Valuation

  Residential

  $73,417,912

  Hospitality

  $67,250,416

  Educational

  $55,951,556

  Medical

  $57,875,816

  Retail

  $87,035,752

Location Insight

City

Elizabethtown

County

Lancaster

State

Pennsylvania

Latitude

40.1397

Longitude

-76.5853

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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