515 Market StYork, PA 17401

Property Details for 515 Market St

Year built

1920

Lot size

0.10 AC

Property size (Sq ft)

6,954 SF

Property type

Office buildings

APN

11-301-05-0005.A0-00000

APU

11301050005A000000

Description

This exceptional two-story, 6,954 square foot office building at 515 W Market St, York, PA 17401, presents a unique investment opportunity. Built in 1920 and extensively renovated in 2019, the property boasts a Class C designation and offers multiple tenancy options. Individual suites range from a minimum of 123 square feet to a maximum contiguous space of 263 square feet, with a total of two suites currently available. A significant 386 square feet of vacant space is ready for immediate occupancy. The building sits on a 0.103-acre lot (4,522 square feet) and features 31 on-site parking spaces, a significant advantage in a bustling urban setting. The property benefits from its high visibility on West Market Street, providing excellent exposure to potential clients. First-floor offices feature fresh paint and new flooring. Landlord improvements include a recently updated parking lot. The convenient location offers easy access to downtown York's amenities, including a wide array of shopping, dining, and entertainment options. The property is zoned Urban Mixed Residential Commercial (UN1) and its APN is 67-11-301-05-0005-A0-00000. This property is ideal for small businesses or entrepreneurs seeking a well-maintained, conveniently located office space in the heart of York, Pennsylvania. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $1,400,026

  6.5%

  $1,292,332

  7%

  $1,200,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $675,094

  Geo Method

  $437,476

• Alternative Use

  Use

  Valuation

  Residential

  $1,602,492

  Hospitality

  $1,467,874

  Educational

  $1,221,254

  Medical

  $1,263,254

  Retail

  $1,899,728

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9587

Longitude

-76.7408

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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