245 Centerville RdLancaster, PA 17603

Property Details for 245 Centerville Rd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

2,600 SF

Zone code

CC

Property type

Office properties

APN

290-58850-1-0004

APU

2905885010004

Description

This 1,429 square foot single-tenant office space is located in the Sycamore Court Shopping Center in Lancaster, Pennsylvania, zip code 17603. The property is situated at 245 Centerville Road #9S, offering excellent visibility to over 16,000 cars daily. The space is ideal for traditional, medical, or creative office uses and features six private offices, a large conference room with a glass wall, an open reception area, two restrooms, and a kitchenette (potentially usable as an additional office). All perimeter offices boast large windows, providing ample natural light. The convenient location is just half a mile from Route 30, providing easy access to Lancaster, Harrisburg, and York. Neighboring businesses include Grand Central Bagel, Subway, Tileology, and Floors2Buy. The monthly rent is $2,216.58 (base rent plus additional rent). Utilities such as electricity, water/sewer, and internet are the responsibility of the tenant. A detailed floor plan is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $401,310

  6.5%

  $370,440

  7%

  $343,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,367

  Geo Method

  $163,566

• Alternative Use

  Use

  Valuation

  Residential

  $459,346

  Hospitality

  $420,758

  Educational

  $350,066

  Medical

  $362,105

  Retail

  $544,547

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0483

Longitude

-76.3922

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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