26 Cedar StLititz, PA 17543

Property Details for 26 Cedar St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.10 AC

Property size (Sq ft)

112,382 SF

Zone code

I

Property type

Office properties

Property subtype

Other office properties

APN

370-43622-0-0000

APU

3704362200000

Description

The Mill Building, located at 26 N Cedar St, Lititz, PA 17543, presents a unique investment opportunity. This landmark three-story traditional office building offers 97,902 square feet of vacant space, ideal for a single large tenant or multiple smaller tenants. Situated on a 10.06-acre lot in Lancaster County, the property boasts ample parking, providing 400 spaces per 1,000 square feet. The building has undergone significant renovations in 1973, 1989, and 2018, ensuring modern amenities and functionality. Its prime location in the heart of downtown Lititz offers excellent visibility and accessibility. The property's size and flexible layout cater to a variety of business needs, making it a highly desirable asset in a thriving Pennsylvania community. This is a for-sale-by-owner opportunity to acquire a substantial and well-maintained office building with a rich history and significant potential for future growth. The building's substantial size and convenient parking make it an attractive option for businesses seeking a prominent presence in Lititz. The property's history and location combine to create a unique and compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $17,346,162

  6.5%

  $16,011,842

  7%

  $14,868,139

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,617,399

  Geo Method

  $7,069,952

• Alternative Use

  Use

  Valuation

  Residential

  $19,854,684

  Hospitality

  $18,186,784

  Educational

  $15,131,190

  Medical

  $15,651,575

  Retail

  $23,537,408

Location Insight

City

Lititz

County

Lancaster

State

Pennsylvania

Latitude

40.158

Longitude

-76.3048

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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