1668 Reading RdStevens, PA 17578

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 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.

• 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

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

FAQs

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