1717 Main StEphrata, PA 17522

Property Details for 1717 Main St

Year built

1983

Construction

STEEL FRAME

Lot size

11.80 AC

Property size (Sq ft)

98,064 SF

Zone code

C

Property type

Retail properties

Property subtype

Super regional malls

APN

270-70133-0-0000

APU

2707013300000

Description

This exceptional retail opportunity encompasses a substantial 38,000-square-foot building situated on a generous 12.291-acre lot in Ephrata, Pennsylvania. The property, located at 1717 W Main St, zip code 17522, benefits from a highly visible position at a traffic signal intersection along a major business thoroughfare within the Ephrata metro area. Its strategic location offers unparalleled access to a large customer base. The convenient proximity to Route 272 (Reading Road) and the Pennsylvania Turnpike (Route 76) ensures exceptional accessibility for both customers and employees. The building is currently vacant, presenting a blank canvas for a wide range of retail concepts. The property's zoning designation is Commercial & Neighborhood Commercial, allowing for diverse development possibilities. Importantly, the property comprises two parcels situated across two municipalities within Lancaster County. This expansive space presents a unique opportunity for a single-tenant user seeking a prominent location with significant visibility and convenient access to major transportation arteries. The substantial lot size offers ample room for expansion, parking, or additional development. This is a rare opportunity to establish a significant retail presence in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $22,250,182

  6.5%

  $20,538,630

  7%

  $19,071,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,949,144

  Geo Method

  $32,288,866

• Alternative Use

  Use

  Valuation

  Residential

  $17,325,102

  Hospitality

  $15,869,701

  Educational

  $13,203,405

  Medical

  $13,657,490

  Retail

  $20,538,630

Location Insight

City

Ephrata

County

Lancaster

State

Pennsylvania

Latitude

40.2021

Longitude

-76.2064

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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