1071 Edgar StYork, PA 17403

Property Details for 1071 Edgar St

Year built

1957

Lot size

1.96 AC

Property size (Sq ft)

18,354 SF

Zone code

CM

Property type

Office properties

Property subtype

Office buildings

APN

48-000-20-0012.00-00000

APU

480002000120000000

Description

This exceptional single-tenant retail property, located at 1071 Edgar St in York County, offers a fantastic investment opportunity. The building boasts a total of 18,610 square feet, with 7,720 square feet currently vacant and available for lease. The existing structure is a newly constructed, single-story building, zoned for commercial use. The vacant space is highly divisible, offering the potential to create three separate units, each approximately 2,573 square feet. This flexibility allows for a variety of tenant options, including retail or office uses. The property's strategic location adjacent to WellSpan Health, other retail establishments, and residential areas ensures high visibility and foot traffic. The ample road frontage and abundant parking further enhance its appeal to potential tenants. This value-add opportunity presents a chance to capitalize on the strong demand for commercial space in this thriving area by leasing the vacant 7,720 square feet. The existing 10,250 square foot office space is already occupied. This property is ideal for investors seeking a strong return on investment in a prime location. The property's zoning allows for a diverse range of commercial uses, making it a versatile and attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,241,857

  6.5%

  $2,992,484

  7%

  $2,778,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,587,427

  Geo Method

  $1,154,650

• Alternative Use

  Use

  Valuation

  Residential

  $3,710,680

  Hospitality

  $3,398,963

  Educational

  $2,827,897

  Medical

  $2,925,153

  Retail

  $4,398,951

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9523

Longitude

-76.7109

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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