230 Steinwehr AveGettysburg, PA 17325

Property Details for 230 Steinwehr Ave

Lot size

0.16 AC

Property type

Investment properties

Property subtype

Retail residential properties

APN

16 013-0167---000

APU

160130167000

Description

This exceptional commercial property at 230 Steinwehr Avenue, Gettysburg, PA, presents a fantastic investment opportunity in the heart of Gettysburg's historic downtown. Priced at $750,000, this 0.16-acre lot boasts a main building most recently used as a combined restaurant and ice cream parlor. The well-equipped commercial kitchen features a substantial 9-foot hood and ample refrigeration with a walk-in refrigerator and freezer. Adding to its versatility, a secondary building with frontage on Taneytown Road includes a residential apartment and a second-floor flex space, offering potential for additional income streams or expansion of the existing business. The property's prime location within Gettysburg's thriving tourist commercial district places it amongst numerous successful shops, restaurants, hotels, and businesses, ensuring high visibility and foot traffic. Its proximity to the Gettysburg Battlefield further enhances its appeal to visitors and residents alike. This property is ideal for entrepreneurs seeking a turnkey operation or those looking to establish a new venture in a highly desirable location. The possibilities are truly endless for this unique and well-situated commercial property. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,843,997

  6.5%

  $1,702,151

  7%

  $1,580,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,103,438

  Geo Method

  $679,648

• Alternative Use

  Use

  Valuation

  Residential

  $1,702,151

  Hospitality

  $1,559,161

  Educational

  $1,297,204

  Medical

  $1,341,817

  Retail

  $2,017,873

Location Insight

City

Gettysburg

County

Adams

State

Pennsylvania

Latitude

39.8208

Longitude

-77.2332

CBSA code

23900

CBSA name

GETTYSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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