2301 Harrisburg PikeLancaster, PA 17600

Property Details for 2301 Harrisburg Pike

Year built

2009

Property size (Sq ft)

11,348 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

290-12271-1-0002

APU

2901227110002

Description

This exceptional investment opportunity presents a single-story, 10,500 square foot office building located at 2301 Harrisburg Pike in Lancaster, Pennsylvania, 17600. Currently leased to Chesterbrook Academy under a triple net (NNN) lease with a robust 10-year term commencing March 1, 2024, this property offers a compelling 7.00% capitalization rate. The building sits on a prime location between Routes 30 and 283, providing convenient access to major transportation arteries. Its proximity to Penn Medicine Lancaster General Health Campus and Penn State Health's new hospital further enhances its desirability within a strong growth corridor. The property features ample parking with 40 spaces and is zoned for Community Business Center use. With a single tenant and a long-term lease in place, this is an ideal investment for those seeking stable, passive income. The building comprises one unit within a single building, offering ease of management and streamlined operations. This is a rare opportunity to acquire a well-located, high-performing asset with significant long-term potential. The asking price is $3,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,712,154

  6.5%

  $1,580,450

  7%

  $1,467,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,000,683

  Geo Method

  $820,988

• Alternative Use

  Use

  Valuation

  Residential

  $2,004,867

  Hospitality

  $1,836,447

  Educational

  $1,527,903

  Medical

  $1,580,450

  Retail

  $2,376,737

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0733

Longitude

-76.3608

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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