865 Main StEphrata, PA 17522

Property Details for 865 Main St

Year built

1912

Lot size

0.23 AC

Property size (Sq ft)

1,568 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Parking lots & garages

APN

270-67615-0-0000

APU

2706761500000

Description

This exceptional commercial property, located at 865 E Main Street in Ephrata, Pennsylvania, presents a unique investment opportunity. Situated on a 0.23-acre lot, this mixed-use zoned property offers incredible flexibility for a variety of businesses. Its prime location just off Route 222 in Ephrata Township ensures high visibility and accessibility, benefiting from a daily traffic count exceeding 22,000 vehicles. The property's strategic placement between a car wash and a self-storage facility further enhances its exposure. The property's signage opportunities along Route 322 provide exceptional visibility to a large volume of passing traffic. The existing space is complemented by an additional approximately 530 square feet of contiguous space, offering expansion potential to suit specific business needs. The area boasts a vibrant commercial landscape, with nearby established businesses including Panera Bread, Chipotle, AT&T, Texas Roadhouse, Jersey Mike's Subs, Giant Food Stores, Member's 1st Credit Union, Starbucks, and Five Guys, creating a strong and diverse customer base. The mixed-use zoning allows for a wide range of potential uses, including office space, retail establishments, studios, financial institutions, salons, barber shops, restaurants, and medical or veterinary offices. This property offers a compelling combination of location, zoning flexibility, and expansion potential, making it an ideal choice for discerning investors and entrepreneurs.

• CAP approach

  CAP return

  Valuation

  6%

  $355,771

  6.5%

  $328,404

  7%

  $304,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,988

  Geo Method

  $516,285

• Alternative Use

  Use

  Valuation

  Residential

  $277,021

  Hospitality

  $253,750

  Educational

  $211,117

  Medical

  $218,377

  Retail

  $328,404

Location Insight

City

Ephrata

County

Lancaster

State

Pennsylvania

Latitude

40.1645

Longitude

-76.1571

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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