3711 Newport RdGordonville, PA 17529

Property Details for 3711 Newport Rd

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.10 AC

Property size (Sq ft)

4,431 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Other car washes

APN

350-38048-0-0000

APU

3503804800000

Description

This exceptional commercial property, situated at 3711 E Newport Road in Gordonville, PA, offers 1.1 acres of land and presents a unique leasing opportunity. Currently configured as a laundromat, the building is being offered as a blank slate, ready for tenant build-out to suit their specific needs. The existing bathroom and utility room will remain. Potential uses are diverse, ranging from a small car detailing shop to office or retail space. However, prospective tenants should contact Leacock Township to confirm allowable uses. The property boasts an enviable location on Route 772, just east of Intercourse, benefiting from high visibility and an estimated daily traffic count of 6,500 vehicles. This ensures excellent exposure for any business. The lease is a triple net (NNN) lease, meaning the tenant is responsible for all property taxes, insurance, and common area maintenance costs. Utilities will be pro-rated with other units on the property. This presents a rare chance to establish a business in a high-traffic area with significant potential for growth. The property's flexible layout and prime location make it an ideal choice for a variety of commercial ventures. Don't miss this opportunity to secure a prominent position in a thriving community. Inquire today to learn more about this exciting leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,370

  6.5%

  $928,033

  7%

  $861,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,213

  Geo Method

  $1,458,965

• Alternative Use

  Use

  Valuation

  Residential

  $782,831

  Hospitality

  $717,069

  Educational

  $596,593

  Medical

  $617,111

  Retail

  $928,033

Location Insight

City

Gordonville

County

Lancaster

State

Pennsylvania

Latitude

40.037

Longitude

-76.1004

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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