1 Mill RdNewville, PA 17241

Property Details for 1 Mill Rd

Lot size

2.04 AC

Property size (Sq ft)

21,255 SF

Property type

Investment properties

Property subtype

Live-work space

APN

46-07-0481-041

APU

46070481041

Description

This exceptional retail property, located at 1 Mill Road in Newville, Pennsylvania, presents a compelling investment opportunity. The single-story, 14,855 square foot shopping center sits on a 2.04-acre lot and boasts a Class B rating. Built in 2013, the property features 49 total parking spaces and is zoned for commercial use. Currently, there are 3,128 square feet of vacant space available, divisible into units ranging from a minimum of 1,365 square feet to a maximum contiguous space of 1,763 square feet. The property is situated in the West Pennsboro Township submarket of Cumberland County and benefits from its location within a thriving commercial area. The property's strategic location ensures high visibility and accessibility, attracting significant foot traffic. This is an ideal opportunity for businesses seeking a well-established location with ample space and parking. The property's existing infrastructure and convenient location provide a solid foundation for immediate occupancy and future growth. The property's zoning allows for a variety of retail uses, making it a versatile option for prospective tenants. This is a rare opportunity to secure a prime retail space in a desirable location. The property's size, location, and existing infrastructure make it an attractive investment for businesses of all sizes. The 17241 zip code offers easy access to major transportation routes, further enhancing its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $4,534,891

  6.5%

  $4,186,053

  7%

  $3,887,049

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,170,925

  Geo Method

  $1,337,152

• Alternative Use

  Use

  Valuation

  Residential

  $5,190,706

  Hospitality

  $4,754,658

  Educational

  $3,955,820

  Medical

  $4,091,867

  Retail

  $6,153,498

Location Insight

City

Newville

County

Cumberland

State

Pennsylvania

Latitude

40.1783

Longitude

-77.3894

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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