85 Main StLeola, PA 17540

  • Industrial properties
  • 5,178 SF
For Sale
$624,900 View listing

Property Details for 85 Main St

Year built
1840
Construction
FRAME
Lot size
0.42 AC
Property size (Sq ft)
5,178 SF
Zone code
MU
Property type
Industrial properties
Property subtype
Distribution centers
APN
360-80617-0-0000
APU
3608061700000

Description

This exceptional mixed-use property located at 85 W Main Street in the vibrant town of Leola, Pennsylvania, presents a unique investment opportunity. The building sits on a 0.42-acre lot and offers a blend of established commercial space and significant upside potential. Currently, the ground floor houses a thriving leather shop, providing immediate rental income. Upstairs, a spacious vacant warehouse awaits its next tenant or a creative conversion. The warehouse features a convenient loading dock, simplifying logistics and operations. The property also boasts ample parking with eight designated spaces, a significant advantage in a busy downtown area. The building is equipped with central air conditioning, ensuring year-round comfort for occupants. This versatile property is ideally suited for a variety of uses, from expanding the existing leather shop to creating additional retail or office space. The combination of a proven income stream and substantial development potential makes this an attractive proposition for savvy investors seeking a strong return on investment in a desirable Pennsylvania location. The property's prime downtown location offers excellent visibility and accessibility, ensuring high foot traffic and easy access for customers and employees. The 0.42-acre lot provides ample space for potential expansion or outdoor amenities. This is a rare opportunity to acquire a well-located, mixed-use property with immediate income and significant long-term growth potential. Don't miss out on this chance to own a piece of Leola's thriving commercial landscape. The asking price is $624,900.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $914,804
    Hospitality
    $837,956
    Educational
    $697,170
    Medical
    $721,146
    Retail
    $1,084,486
85 Main St, Leola, Pennsylvania

Location Insight

City
Leola
County
Lancaster
State
Pennsylvania
Latitude
40.0876
Longitude
-76.1906
CBSA code
29540
CBSA name
LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,345
$88,600
$228,900
$317,500
-
$88,600
$228,900
$317,500

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