114 Main StEphrata, PA 17522

Property Details for 114 Main St

Year built

1940

Construction

BRICK

Lot size

0.24 AC

Property size (Sq ft)

17,558 SF

Zone code

CB

Property type

Office properties

APN

260-52480-0-0000

APU

2605248000000

Description

This 1,850-square-foot commercial property, located at 114 East Main Street in Ephrata, Pennsylvania, presents a unique opportunity for businesses seeking a prime location in Lancaster County's Central Business District. Built in 1940, this single-tenant space is situated in a highly visible location on Main Street, benefiting from exposure to over 14,000 vehicles daily. The property boasts excellent signage opportunities and a "Very Walkable" designation with a Walk Score of 72, attracting both pedestrian and vehicular traffic. The space features ample natural light from front-facing windows and is divisible into two adjacent suites, ideal for businesses requiring separate areas. Shared restrooms are conveniently located within the building. The property includes 75 total parking spaces, a significant advantage for customers and employees. The monthly rent of $2,400 includes real estate taxes, water/sewer, gas, electric, trash removal, landscaping/snow removal, CAM charges, and building insurance. Tenants are solely responsible for their internet service. The property is zoned for Central Business District use and is suitable for various purposes, including retail, traditional office, creative office, and medical office uses. This one-story building offers a versatile and well-maintained space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,710,077

  6.5%

  $2,501,610

  7%

  $2,322,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,346,339

  Geo Method

  $2,294,128

• Alternative Use

  Use

  Valuation

  Residential

  $3,101,996

  Hospitality

  $2,841,412

  Educational

  $2,364,021

  Medical

  $2,445,324

  Retail

  $3,677,366

Location Insight

City

Ephrata

County

Lancaster

State

Pennsylvania

Latitude

40.1776

Longitude

-76.1752

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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