2822 Main StMorgantown, PA 19543

Property Details for 2822 Main St

Year built

1974

Construction

BRICK

Lot size

3.80 AC

Property size (Sq ft)

3,577 SF

Zone code

HCLI

Property type

Banks

APN

050-70479-0-0000

APU

507047900000

Description

This 6,400 square foot, two-story office building is situated on a 3.8-acre lot at 2822 Main Street in Morgantown, Pennsylvania (19543). Built in 1974, this Class C property offers excellent visibility and accessibility, located along the busy PA Route 23 corridor. Its strategic location provides easy access to Lancaster, Berks, and Chester Counties via major roadways including the PA Turnpike (2 miles west of the Morgantown exit) and PA Route 176. The property is zoned HWY Commercial/Light Industrial, making it ideal for a variety of uses. The former bank building presents an opportunity for an owner-user to leverage the existing structure and ample flat land for potential expansion or redevelopment. Concept drawings for the site are available. The high traffic volume (20,000 vehicles per day) on PA Route 23 ensures significant visibility. The township's business-friendly zoning and municipal environment further enhance the property's appeal. The asking price is $1,450,000, translating to $226.56 per square foot. The property's APN is 050-70479-0-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $811,602

  6.5%

  $749,171

  7%

  $695,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $691,192

  Geo Method

  $1,177,774

• Alternative Use

  Use

  Valuation

  Residential

  $631,954

  Hospitality

  $578,866

  Educational

  $481,610

  Medical

  $498,173

  Retail

  $749,171

Location Insight

City

Morgantown

County

Lancaster

State

Pennsylvania

Latitude

40.1508

Longitude

-75.9032

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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