345 Main StLeacock-Leola-Bareville, PA 17540

Property Details for 345 Main St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

3,407 SF

Zone code

GC

Property type

Retail space

APN

360-94296-1-0202

APU

3609429610202

Description

Meadowbrook Plaza, located at 345 W Main St, Leacock-Leola-Bareville, PA 17540, presents a compelling investment opportunity in a thriving Pennsylvania market. This retail center comprises two buildings totaling 40,306 square feet, offering 24 individual suites ranging from 251 to 920 square feet. The property is zoned for General Commercial use, making it suitable for a diverse range of businesses. Currently, four spaces are available for lease, providing immediate income potential. Its convenient location along Route 23 in Leola ensures high visibility and accessibility for customers. The multiple-tenancy structure offers diversification and stability for investors. The property's substantial size and the number of available units present a unique opportunity to acquire a well-established retail center with significant growth potential. This is an ideal investment for those seeking a strong return on investment in a prime retail location. The property's existing infrastructure and established tenant base provide a solid foundation for future success. Contact us to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $773,030

  6.5%

  $713,566

  7%

  $662,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,343

  Geo Method

  $540,123

• Alternative Use

  Use

  Valuation

  Residential

  $601,919

  Hospitality

  $551,355

  Educational

  $458,721

  Medical

  $474,497

  Retail

  $713,566

Location Insight

City

Leola

County

Lancaster

State

Pennsylvania

Latitude

40.0862

Longitude

-76.2157

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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