2501 Market StEast York, PA 17402

Property Details for 2501 Market St

Year built

1920

Lot size

0.34 AC

Property size (Sq ft)

3,924 SF

Zone code

RS

Property type

Retail properties

Property subtype

Retail space

APN

51-000-05-0160.00-00000

APU

510000501600000000

Description

York Marketplace, a ±306,690 square foot shopping center, presents a unique investment opportunity in York, Pennsylvania. This Giant-anchored center boasts a dynamic mix of national and local tenants, including Lowe's, Crunch Fitness, Red Lobster, and PA Fine Wine & Good Spirits, ensuring consistent foot traffic. Two spaces are currently available, ranging from 1,200 to 20,000 square feet, providing flexibility for various retail concepts. The property enjoys exceptional visibility and accessibility from East Market Street (17,164 AADT), a major thoroughfare. Its strategic location within a densely populated area, with over 243,886 residents within a 20-minute drive and over 76,000 daytime employees within five miles, guarantees a robust customer base. Major employers such as York Hospital, the Federal Government, WellSpan Medical Group, Walmart, Amazon, and the center's anchor tenant, Giant, further contribute to the strong demographics. The center's total building size is 304,974 square feet, encompassing 21 suites. Currently, 3,573 square feet are vacant. The property is situated at the signalized intersection of East Market Street and Memory Lane in York County. Neighboring retailers like Target and Walmart attract a regional customer base, enhancing the overall appeal and potential for success. This is an exceptional opportunity to establish a presence in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,230,700

  6.5%

  $1,136,030

  7%

  $1,054,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,009,981

  Geo Method

  $622,084

• Alternative Use

  Use

  Valuation

  Residential

  $958,284

  Hospitality

  $877,783

  Educational

  $730,305

  Medical

  $755,422

  Retail

  $1,136,030

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9504

Longitude

-76.778

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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