2080 Lincoln HwyLancaster, PA 17602

  • Retail properties
  • 30,807 SF
For Lease

Property Details for 2080 Lincoln Hwy

Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
5.60 AC
Property size (Sq ft)
30,807 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Retail space
APN
310-86953-0-0000
APU
3108695300000

Description

This single-story, 30,806 square foot retail building is located at 2080 Lincoln Highway East in Lancaster, Pennsylvania, 17602. Previously occupied by Pep Boys, the property offers a significant leasing opportunity for businesses seeking high visibility and substantial square footage. The building boasts a total area of 30,806 square feet, with 19,729 square feet currently vacant. Its prime location on the busy Lincoln Highway East ensures high traffic counts and excellent exposure to potential customers. The single-tenant occupancy provides a unique opportunity for a business to establish a strong presence in a desirable retail corridor. The building's single-story design offers ease of access and functionality. This property presents a compelling investment opportunity for businesses seeking a prominent location in a thriving Lancaster market. The substantial vacant space allows for customization and adaptation to suit a variety of retail operations. The address is easily accessible and benefits from excellent visibility, making it an ideal location for attracting customers. This is a rare chance to secure a large, well-situated retail space in a high-demand area. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,989,939
    6.5%
    $6,452,252
    7%
    $5,991,376
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,952,911
    Geo Method
    $4,883,932
  • Alternative Use

    Use
    Valuation
    Residential
    $5,442,716
    Hospitality
    $4,985,498
    Educational
    $4,147,876
    Medical
    $4,290,528
    Retail
    $6,452,252
2080 Lincoln Hwy, Lancaster, Pennsylvania

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.0309
Longitude
-76.2381
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
$54,568
$862,400
$1,832,900
$2,695,300
-
$862,400
$1,832,900
$2,695,300

FAQs

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