1950 Old Philadelphia PikeLancaster, PA 17602

Property Details for 1950 Old Philadelphia Pike

Year built

1971

Construction

BRICK

Lot size

0.98 AC

Property size (Sq ft)

2,232 SF

Zone code

C-2

Property type

Banks

APN

310-84485-0-0000

APU

3108448500000

Description

This exceptional Lancaster, PA retail property, located at 1950 Old Philadelphia Pike, offers 2,240 square feet of space in a single-tenant building situated on a 0.98-acre lot. Built in 1966 and renovated in 2012, the property boasts 16 parking spaces and a convenient drive-through option. Its prime location directly off US Highway Route 30 ensures high visibility and accessibility, with an average daily traffic count exceeding 19,165 vehicles. The flexible neighborhood commercial zoning allows for diverse uses, including financial institutions, restaurants, daycare centers, medical or dental offices, retail sales, or general office space. The entire 2,240 square feet is currently vacant, presenting a unique opportunity for a business seeking a high-traffic location in a thriving commercial area. This property is ideal for a business looking to establish a strong presence in Lancaster, Pennsylvania. The combination of high visibility, ample parking, and flexible zoning makes this a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $506,429

  6.5%

  $467,472

  7%

  $434,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $431,295

  Geo Method

  $353,846

• Alternative Use

  Use

  Valuation

  Residential

  $394,331

  Hospitality

  $361,205

  Educational

  $300,518

  Medical

  $310,853

  Retail

  $467,472

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0402

Longitude

-76.2487

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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