878 Main StEphrata, PA 17522

Property Details for 878 Main St

Year built

1880

Construction

FRAME

Lot size

0.91 AC

Property size (Sq ft)

9,002 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

270-97040-0-0000

APU

2709704000000

Description

This exceptional 2.69-acre mixed-use property in Ephrata, PA, presents a unique investment opportunity. Located at 878 E Main Street, this site boasts a prime location with excellent visibility and high traffic counts – 22,000 vehicles daily on East Main Street (Route 322) and 44,000 on US Route 222. The property encompasses a total of 12,842 square feet of existing buildings, offering immediate income potential and redevelopment possibilities. Currently, the property includes 5,000 square feet of retail space featuring a showroom, office, and restrooms. An attached 2,200-square-foot shop/garage with an overhead door provides ample workspace. A detached 1,800-square-foot, five-bedroom single-family home is currently rented, generating additional income. Furthermore, a 1,920-square-foot detached block building with a garage and a separate 1,400-square-foot garage are also included. Ample parking is available on the site. This property is ideal for a variety of uses, offering the potential for expansion, redevelopment, or continued operation of the existing businesses. Given its size, location, and existing structures, this is a rare opportunity in Ephrata's thriving commercial market. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,042,504

  6.5%

  $1,885,389

  7%

  $1,750,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,739,478

  Geo Method

  $2,964,027

• Alternative Use

  Use

  Valuation

  Residential

  $1,590,396

  Hospitality

  $1,456,794

  Educational

  $1,212,036

  Medical

  $1,253,719

  Retail

  $1,885,389

Location Insight

City

Ephrata

County

Lancaster

State

Pennsylvania

Latitude

40.1649

Longitude

-76.156

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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