87 Forrest AveShrewsbury, PA 17361

Property Details for 87 Forrest Ave

Year built

1996

Lot size

0.99 AC

Property size (Sq ft)

7,056 SF

Zone code

C

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

84-000-06-0158.B0-00000

APU

84000060158B000000

Description

This exceptional opportunity presents the acquisition of a highly successful and established daycare and early development center located at 87 E Forrest Avenue, Shrewsbury, PA. The property encompasses a substantial 7,056 square feet building situated on a 0.99-acre lot. Currently operating under the name "Imagination Station," this licensed facility boasts a strong reputation within Southern York County, providing premier early childcare and educational development services. The sale includes the business, its established name, the real estate itself, and associated vehicles and a bus, offering a complete and turnkey operation. With a current enrollment of approximately 85 children, and a license capacity for 113, there is significant potential for expansion and increased revenue. The center benefits from a rapidly growing demographic area, presenting a compelling investment opportunity with substantial upside potential. The asking price for this comprehensive package is $1,350,000. This is a rare chance to own a profitable and well-regarded business with a strong foundation for continued success in a thriving market. The property's size and location provide ample space for current operations and future growth, making it an attractive proposition for experienced childcare operators or investors seeking a stable and rewarding venture. All aspects of the business are included in the sale, ensuring a seamless transition for the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,064,589

  6.5%

  $982,698

  7%

  $912,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $622,208

  Geo Method

  $510,477

• Alternative Use

  Use

  Valuation

  Residential

  $1,246,593

  Hospitality

  $1,141,873

  Educational

  $950,025

  Medical

  $982,698

  Retail

  $1,477,816

Location Insight

City

Shrewsbury

County

York

State

Pennsylvania

Latitude

39.7711

Longitude

-76.6745

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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