255 Butler AveLancaster, PA 17601

Property Details for 255 Butler Ave

Year built

1977

Construction

BRICK

Lot size

0.80 AC

Property size (Sq ft)

8,784 SF

Zone code

B-2

Property type

Office properties

APN

390-03118-0-0000

APU

3900311800000

Description

This exceptional office space, totaling 257 square feet, is situated in a Lancaster County building at 255 Butler Ave, Lancaster, PA 17601. The suite is part of a larger building with a total of 349 square feet, and is currently vacant. This is a single lower-level office space, ideal for a small business or individual professional. The space features a shared waiting area, contributing to a professional and efficient work environment. The monthly lease rate of $485 includes utilities and operating expenses, a significant advantage for tenants. However, tenants are responsible for their own phone, internet, and in-suite janitorial services. High-speed WiFi is available for an additional fee. Accessibility is important to note

• CAP approach

  CAP return

  Valuation

  6%

  $1,355,810

  6.5%

  $1,251,517

  7%

  $1,162,123

• Comparable approach

  Method

  Valuation

  Relative Method

  $673,553

  Geo Method

  $552,601

• Alternative Use

  Use

  Valuation

  Residential

  $1,551,882

  Hospitality

  $1,421,515

  Educational

  $1,182,684

  Medical

  $1,223,358

  Retail

  $1,839,730

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0676

Longitude

-76.301

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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