104 Market StWest Fairview, PA 17025

  • Investment properties
  • 5,125 SF

Property Details for 104 Market St

Lot size
0.16 AC
Property size (Sq ft)
5,125 SF
Property type
Investment properties
Property subtype
Live-work space
APN
45-17-1044-217
APU
45171044217

Description

This exceptional 3,250 square foot retail space, located at 104 Market Street in West Fairview, Pennsylvania, presents a unique investment opportunity. Built in 1997, the single-tenant property boasts a desirable location off Route 11/15 in East Pennsboro Township, providing convenient access for customers from both the West and East Shores of the Susquehanna River. The property's APN is 45-17-1044-217, situated within Cumberland County (zip code 17025). Currently entirely vacant, this space offers immediate occupancy for a new business. A significant advantage is the inclusion of a Cumberland County Hotel Liquor License, a valuable asset for any establishment serving alcohol. Previously operating as the Grotto Pub for fifteen years, this location benefits from established brand recognition and a loyal customer base within the community. The property's size and location make it ideal for a variety of retail concepts, offering high visibility and accessibility to a substantial customer base. This is a rare opportunity to acquire a turnkey retail space with a valuable liquor license in a thriving Cumberland County market. The property is classified as Commercial Retail and is ready for immediate lease.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $958,122
    6.5%
    $884,420
    7%
    $821,248
  • Comparable approach

    Method
    Valuation
    Relative Method
    $477,575
    Geo Method
    $328,862
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,787,750
    Retail / Commercial
    $900,465
    Hospitality / Lodging
    $632,162
    Office
    $865,799
    Institutional / Educational
    $914,854
    Residential Income
    $1,070,380
    Multifamily
    $1,354,900
    Automotive / Energy
    $784,160
    Parking / Income-Based Land
    $283,284
    Restaurant / Food Service
    $432,603
    Healthcare / Senior Housing
    $920,118

Location Insight

City
Enola
County
Cumberland
State
Pennsylvania
Latitude
40.2739
Longitude
-76.916
CBSA code
25420
CBSA name
HARRISBURG-CARLISLE, 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
$5,466
$40,200
$240,500
$280,700
-
$40,200
$240,500
$280,700

FAQs

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