3045 Marietta AveLancaster, PA 17601

Property Details for 3045 Marietta Ave

Year built

1900

Construction

FRAME

Lot size

1.56 AC

Property size (Sq ft)

12,570 SF

Zone code

SR

Property type

Healthcare properties

Property subtype

Medical offices

APN

290-67499-0-0000

APU

2906749900000

Description

This exceptional 15,710-square-foot medical office building, located at 3045 Marietta Avenue in Lancaster, Pennsylvania, presents a unique investment opportunity. Originally constructed in 1810 and extensively renovated in 1985 and 2001, the property seamlessly blends historic charm with modern functionality. The three-story building features a captivating log cabin waiting room, a testament to its rich history. Modern upgrades include elevator access to all floors, updated mechanical systems, and contemporary finishes throughout. The building boasts 59 parking spaces, grade-level entrances to the lower and main levels, and is ADA accessible, ensuring convenience and inclusivity. The 1.56-acre lot provides ample space, while the ceiling height ranges from 7'6" to 9'. The property is zoned Low Density Residential (RL) and previously housed a successful 15-physician family practice, demonstrating its suitability for a variety of medical uses. This single-tenancy building offers a compelling blend of historical character and modern amenities, making it an ideal location for a discerning medical practice or investor seeking a unique and well-maintained property in a desirable Lancaster location. The building's size and features make it suitable for a variety of medical uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,940,180

  6.5%

  $1,790,935

  7%

  $1,663,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $963,862

  Geo Method

  $790,779

• Alternative Use

  Use

  Valuation

  Residential

  $2,220,759

  Hospitality

  $2,034,204

  Educational

  $1,692,434

  Medical

  $1,750,639

  Retail

  $2,632,674

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0589

Longitude

-76.4025

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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