1515 Lititz PikeLancaster, PA 17601

Property Details for 1515 Lititz Pike

Year built

1957

Construction

BRICK

Lot size

5.70 AC

Property size (Sq ft)

54,592 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Other retail properties

APN

390-61826-0-0000

APU

3906182600000

Description

The Shoppes @ the Pointe is a brand-new, 70,135-square-foot retail strip center located in Lancaster County, Pennsylvania, at 1515 Lititz Pike, zip code 17601. This single-building development, completed in 2023, offers multiple tenancy options with spaces ranging from a minimum of 2,925 square feet to a maximum contiguous space of 26,700 square feet. The property boasts a highly desirable location in Manheim Township, situated at a signalized intersection of Oregon Pike (Route 222) and Lititz Pike, providing excellent visibility and accessibility. Its strategic placement within a thriving retail corridor, surrounded by established shopping centers such as The Shoppes at Belmont, Lancaster Shopping Center, Golden Triangle, and Hawthorne Centre, ensures high foot traffic and strong consumer presence. The surrounding area features a robust mix of national retailers including Whole Foods, Target, Walmart, and Dick's Sporting Goods, creating a synergistic environment for potential tenants. This prime location presents a unique opportunity for businesses seeking high-traffic exposure and a strong retail presence in a rapidly growing market. The property is ideal for retail, medical, or office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $12,386,625

  6.5%

  $11,433,807

  7%

  $10,617,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,548,944

  Geo Method

  $8,654,644

• Alternative Use

  Use

  Valuation

  Residential

  $9,644,844

  Hospitality

  $8,834,625

  Educational

  $7,350,304

  Medical

  $7,603,093

  Retail

  $11,433,807

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0658

Longitude

-76.3061

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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