255 Plane Tree DrLancaster, PA 17603

Property Details for 255 Plane Tree Dr

Year built

1976

Construction

STEEL FRAME

Lot size

1.70 AC

Property size (Sq ft)

30,000 SF

Zone code

I-2

Property type

Manufacturing properties

APN

290-32890-0-0000

APU

2903289000000

Description

This exceptional 1.1 to 1.7-acre commercial land parcel, located at 255 Plane Tree Drive in Lancaster, Pennsylvania, presents a unique opportunity for development. Situated in Lancaster County, this single-tenant property offers significant potential for a variety of commercial uses. The expansive lot size provides ample space for construction, allowing for flexibility in design and functionality. The property's address is 255 Plane Tree Dr, Lancaster, PA 17603. Its convenient location within Lancaster County offers easy access to major transportation routes, ensuring excellent visibility and accessibility for any future business. The property is currently available for lease, making it an ideal investment for businesses seeking to establish a strong presence in a thriving market. With its substantial acreage and prime location, this property represents a rare opportunity to acquire a significant commercial land holding in a desirable area. The property is classified as commercial land with a single-tenant designation. Further details regarding zoning and permitted uses can be obtained through the appropriate county authorities. This is a blank canvas for your next commercial venture. Don't miss this chance to secure this exceptional piece of Lancaster County real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $10,151,700

  6.5%

  $9,370,760

  7%

  $8,701,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,680,620

  Geo Method

  $3,019,680

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,837,850

  Mixed-Use / Specialty

  $4,846,270

  Hospitality / Lodging

  $3,588,970

  Office

  $4,844,220

  Institutional / Educational

  $5,047,340

  Residential Income

  $5,905,390

  Multifamily

  $6,940,310

  Automotive / Energy

  $4,326,290

  Parking / Income-Based Land

  $1,467,590

  Restaurant / Food Service

  $2,575,360

  Healthcare / Senior Housing

  $4,943,440

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0502

Longitude

-76.3896

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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