1668 Reading RdStevens, PA 17578
- Retail properties
- 7,714 SF
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
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
Comparable in this City
Similar Nearby for Lease
FAQs
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