1 Mill RdNewville, PA 17241
- Mixed-use properties
- 21,255 SF
Property Details for 1 Mill Rd
- Lot size
- 2.04 AC
- Property size (Sq ft)
- 21,255 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
FAQs
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