1668 Reading RdStevens, PA 17578

  • Retail properties
  • 7,714 SF
For Sale
$840,000 View listing

Property Details for 1668 Reading Rd

Year built
1946
Lot size
3.60 AC
Property size (Sq ft)
7,714 SF
Zone code
C-1
Property type
Retail properties
Property subtype
Retail space
APN
080-14798-0-0000
APU
801479800000

Description

This exceptional 7,000 square foot commercial property presents a unique investment opportunity in Stevens, PA. Situated on a four-acre corner lot, this property boasts unparalleled visibility and accessibility, enjoying proximity to both the Pennsylvania Turnpike and Route 222. The strategic location ensures high traffic volume and excellent exposure for any business. The property includes an existing small retail building, providing immediate income potential or a solid foundation for renovation and expansion. Additionally, a house is included on the property, offering various possibilities, from employee housing to additional office space or conversion into residential rental units. The "General Commercial" zoning allows for a wide range of uses, making this property suitable for a diverse array of businesses. This versatile property offers significant potential for growth and return on investment, making it an ideal acquisition for savvy investors and entrepreneurs seeking a prime location with substantial development possibilities. The ample land provides ample room for expansion, parking, and outdoor amenities. Don't miss this chance to secure a highly desirable commercial property in a thriving location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,750,264
    6.5%
    $1,615,628
    7%
    $1,500,226
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,490,595
    Geo Method
    $2,539,936
  • Alternative Use

    Use
    Valuation
    Residential
    $1,362,843
    Hospitality
    $1,248,357
    Educational
    $1,038,618
    Medical
    $1,074,338
    Retail
    $1,615,628
1668 Reading Rd, Stevens, Pennsylvania

Location Insight

City
Stevens
County
Lancaster
State
Pennsylvania
Latitude
40.2183
Longitude
-76.1147
CBSA code
29540
CBSA name
LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,627
$222,500
$3,400
$225,900
-
$222,500
$3,400
$225,900

FAQs

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