903 Market StElizabethtown, PA 17022

Property Details for 903 Market St

Year built

1926

Construction

FRAME

Lot size

0.64 AC

Property size (Sq ft)

8,130 SF

Zone code

C-G

Property type

Retail properties

Property subtype

Auto shops

APN

250-01383-0-0000

APU

2500138300000

Description

This exceptional investment opportunity presents an assemblage of four contiguous parcels totaling 1.05 acres, strategically located at a signalized intersection in Elizabethtown Borough, Pennsylvania. The property boasts a prime location at the entrance to the borough, offering significant frontage on Route 230 (S. Market Street). Currently generating a total gross income of approximately $116,000 and a net income of approximately $48,000 annually, this mixed-use property comprises four residential units and established commercial tenants including an auto repair shop, salon, and physical therapy office. All existing furniture, fixtures, and equipment (FF&E) are included in the sale. Note that current residential tenants include employees of the seller, occupying units at below-market rents, presenting a significant opportunity to increase profitability. The property's four parcels are identified by the following account numbers: 250-01383-0-0000, 250-08913-0-0000, 250-11967-0-0000, and 250-15155-0-0000. Taxes and assessments reflect the total for all four properties. The property's strategic location, existing income stream, and significant redevelopment potential make this an attractive investment for discerning buyers seeking strong returns in a desirable Pennsylvania market. The address is 903 S Market Street, Elizabethtown, PA. Priced at $1,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,844,652

  6.5%

  $1,702,756

  7%

  $1,581,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,570,980

  Geo Method

  $1,288,875

• Alternative Use

  Use

  Valuation

  Residential

  $1,436,338

  Hospitality

  $1,315,678

  Educational

  $1,094,629

  Medical

  $1,132,275

  Retail

  $1,702,756

Location Insight

City

Elizabethtown

County

Lancaster

State

Pennsylvania

Latitude

40.1436

Longitude

-76.5964

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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