1521 Oregon PikeLancaster, PA 17601

Property Details for 1521 Oregon Pike

Year built

1983

Construction

BRICK

Lot size

1.05 AC

Property size (Sq ft)

3,554 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Turn key restaurants

APN

390-91013-0-0000

APU

3909101300000

Description

This 3,554 square-foot freestanding building, formerly a Friendly's restaurant, is available for lease. Situated on a 1.05-acre lot in Lancaster, Pennsylvania, it enjoys a high-traffic location on Oregon Pike, a major north-south corridor providing easy access to Lititz Pike and Route 30. The property benefits from its position within a strong retail area, surrounded by established businesses including Giant, Planet Fitness, AutoZone, Primanti Bros., and Monro Auto. The B3 Business District zoning allows for a variety of uses, making it suitable for retail, restaurant, or medical businesses. The building presents an excellent opportunity for a business seeking to establish a presence in this growing market, with options for ground leasing or retrofitting the existing structure. The property's proximity to downtown Lancaster, Franklin and Marshall College, Clipper Magazine Stadium, and a large residential population ensures a substantial customer base. This location offers exceptional visibility and accessibility, making it an ideal choice for businesses seeking a prominent position in a thriving commercial area. The property is located at 1521 Oregon Pike, Lancaster, PA 17601.

• CAP approach

  CAP return

  Valuation

  6%

  $806,383

  6.5%

  $744,354

  7%

  $691,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $686,748

  Geo Method

  $563,427

• Alternative Use

  Use

  Valuation

  Residential

  $627,890

  Hospitality

  $575,144

  Educational

  $478,513

  Medical

  $494,970

  Retail

  $744,354

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0624

Longitude

-76.3051

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].